To: Bill Fortune III who wrote (2563 ) 6/24/1998 4:25:00 PM From: Jim Porter Read Replies (2) | Respond to of 2897
Bill, Thank you for your response. I also have a dream for FNTN, I'm also long, and I plan on staying that way. If my point of view or opinion have diminished anyone's dream, that is not my intention. I also hope they do not want to Kill the Messenger because of something they do not want to hear. I'm looking at FNTN from a business point of view. And, from that point of view, the product FNTN has to sell does not have the variable uses, market penetration, or price points of CSCO (someone else used CSCO as an example). Nor does it have the wide market appeal and market penetration of Yahoo. I realize I'm making a wide statement, but the majority of the market for the services provided by FNTN is limited to a customer base dealing directly with financial matters on a real time bases or multi million/billion dollar portfolios. These clients are not the same as those for Yahoo. Or, for that matter, are FNTN clients like those of the majority of the other companies most often looked at as representing the internet market. In fact, FNTN customer base would most closely resemble that of Data Broadcasting Corp. (DBCC). [For those who are going to look, DBCC has a float of 19.3 million and is trading at $5.50. I called their Investment Relations department to get historical information, but only got an answering system. I'll be happy to report my finding later, but - I hope I'm wrong - I don't think there is to much interest in that type of research by some of the other readers.] Like you have so appropriately pointed out, we all have sold stock we wish we would have kept. I, like many others, could make a list of the things that have happened in the past. And, for that reason, I - like yourself - intend to keep my shares, even after the profit taking takes place, for the second and third time. Nevertheless, I hold the view that there is simply to much stock floating around in the hands of the public. Respectfully, Jim Porter