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Technology Stocks : Broadcast.com (Acquired by Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Waligore who wrote (1)	7/24/1998 8:17:00 PM
From: T. Pascal	Respond to of 2

Yes, but what's the business and product(s) of BCST? Who even knows? I can tell from the name that it's probably just a fad. If they were worth anything business-wise, or technology-wise, they'd have had their IPO sponsored by Microsoft, or Netscape, or someone else. That is, Microsoft would have issued stock to buy them. Hee hee. Since that's not the case, we can safely assume they're no good. Also on our side is the fact that 3/4 of all IPOs underperform the market for more than 5 years following the IPO. It's all good for those playing the "shoots" side of Chutes and Ladders. And with IPOs in general and Internet stocks in particular, there's more "shoot" than "ladder".