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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (2162)	9/2/1998 1:03:00 AM
From: craig crawford	Read Replies (1) \| Respond to of 3183

EDIT Whoops, I must be tired. I got this article from this thread and here I am posting it again! Sorry... Internet companies' burn rate could singe investors in down market msnbc.com Excite Inc., the troubled search engine company, isn't in much better share. The company went public in May of 1996 at a split-adjusted price of $8.50 per share, soared to $53 by this last July, and since then has fallen by more than 50 percent as investors have begun to worry that 29 times trailing revenues is an utterly preposterous price for a company that has so far racked up $185 million in cumulative losses, with no end in sight. Excite currently shows $39 million of balance sheet cash and easily liquidated short-term investments on its books. But even if you leave out pre-paid distribution fees, the company is burning through the money at a rate of roughly $12 million per quarter, suggesting that Excite could face a cash crunch at just about the time CyberCash will - which is to say, in the depths of this coming winter.

To: craig crawford who wrote (2162)	9/2/1998 2:08:00 PM
From: Codee	Read Replies (2) \| Respond to of 3183

avg cost of 22 for my 5000 shares so, it is looking pretty good for me.... pretty good for 2 days of return!

To: craig crawford who wrote (2162)	9/3/1998 11:12:00 AM
From: tiquer	Respond to of 3183

Anyway I had my eye on some A$ND calls, which I didn't get because ECharade couldn't handle my order in a timely matter towards the end of the day. Must have been the heavy volume.* I had problems with E-trade on Monday too... They seem to think they had no problems... news.com I sent a note to C/Net refuting E-trade's claim they could handle the extra load... There is a link to the SEC on the article page.. I will be sending a note to them also.. it's the only way to try and fight very poor performance buy a broker.. Roger