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Non-Tech : Starnet (SNMM)Online gaming, sexsites, lottery, Sportsbook -- Ignore unavailable to you. Want to Upgrade?


To: Gator who wrote (755)11/3/1998 12:03:00 PM
From: Jay D.  Respond to of 8858
 
Looks like some traders may be buying a few in hopes for a quick pop after the teleconference. Not much action though, must not be many people watching starnet?

Jay



To: Gator who wrote (755)11/3/1998 5:21:00 PM
From: Wayne Rumball  Respond to of 8858
 
Missed the first 10 minutes of the conference call.

What I did hear that seemed to be positive;
Sex sites - they want to sell that business and have offers on the table in excess of their current market cap.

Horse racing - they will be accepting wagers by the end of november, and they expect to gross 16 - 17% after paying off the racetrack

Expect approval for Berlin exchange listing shortly

2q results - revenues increased at the same pace and the trend continues into 3rd q

any other thoughts?



To: Gator who wrote (755)11/3/1998 5:24:00 PM
From: Peder E. Angvall  Read Replies (1) | Respond to of 8858
 
Not much info on the conf call. About the only new things I picked up were:

1. On Oct 31, they had 9 OPERATING licensees.
2. They appear to be waiving the $100k setup fee for more than 50% of their licensees.
3. They are looking at selling their adult sites. This has been rumored before, but they appear to be actively looking at it now. They claim the adult sites are worth more than their current market cap (around $10 million).
4. They will have at least 100% revenue growth over last year. If they are going to continue their 35% quarter over quarter growth, they are going to have to do about 180% growth over last year.
5. They hope to have the numbers out around Dec 1.

PA