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Microcap & Penny Stocks : INNI-I/NET -- Ignore unavailable to you. Want to Upgrade?

To: Prof. Bitter who wrote (148)	7/9/1998 1:09:00 PM
From: Yongzhi Yang	Read Replies (1) \| Respond to of 1856

Since the last earning report came out on May, I would guess the next one would be out on August. (You can call or email Mr. Markee to make sure. He is a nice person to talk to. You can find his email address and phone number in post #105.) Netscape release may be delayed for three to four weeks. (Well that's the way the software business goes. You probably remember Windows 98 was supposed to be Window 97.) On a positive note, I called the company recently and was told that their own server sales has picked up. They sold about 64 copies per months for the last six months. At the minimum of $2995 per copy, that's 64 x 2995 x 12 = $2300160 per year. Using the company's 44% profit margin (although I think the margin should be higher now since the Web server softwares have already been developed), that translates to $0.033 earning per share. At a PE of 20, it puts the share price at $0.67. NOTE THAT THIS DOES NOT INCLUDE OTHER REVENUE, such the $500,000 IBM paid I/NET for maintaining a web site, revenue from IBM's advance payment for I/NET to port netscape to AS/400, revenue from Career/Net and other consulting business. yongzhi