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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?


To: Frank Z who wrote (4148)8/20/1998 9:26:00 AM
From: Jacques Tootight  Read Replies (1) | Respond to of 4903
 
Frank,

I was disappointed because there was a give back at all. I was expecting another point or two. I don't know that I would call it huge but I understand there was a run prior to earnings. When compared to its peers or other tech stocks though "the street" seems to have the brakes on this one. I didn't see Yahoo or Microsoft go negative after earnings. Maybe it's just me. It's peers in the Internet are hugely rewarded for losing money but having bright futures. Netscape breaks even and has proven to have a bright future but has a give back. I don't like it.

I'm not sure I buy into the new era economics theory. It will always come down to earnings. Companies just can't lose money indefinitely without they come crashing down. If the Internet darlings don't start to show profits in the next couple of quarters I think there will be blood in the streets.

Well, I still like the company. Love being the underdog fighting the good fight. I'll hang in there, I'm in at a price I know we'll never see again. I'm not banking on a major media deal though, if it happens I'll enjoy the ride and sell. I'd like to see them make it on their own though, just so I can have some fun with the naysayers.

Cheers -

RC