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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: peter michaelson who wrote (271)	4/23/1998 12:13:00 PM
From: Mohan Marette	Respond to of 12475

Ref:GNET Thanks Peter, I took a look at their SEC filings and of particular interest is some statements they made there such as: 1.They do not expect to be profitable in the foreseeable future They do have 10 mil in cash raised from the IPO and 1 mil in line of credit,but the revenues are currently are insignificant.The company seems to be worth less than 10 mil based on the book value,the valuation is over 100 mil,I think. Pretty scary for my taste. If they can market SI they might be able to generate additional revenues via subscription fees and possibly additional advertising. I think the only internet company making money at the moment is Yahoo and I believe they have very bright future,wish I have some shares of Yahoo. Just my 2 cents. I don't expect GNET to make any money this year,next year of even by 2000. If they deploy the 10 mil wisely and do the right things who knows anything could happened in a year or two.