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


To: Wayne Rumball who wrote (762)11/3/1998 10:03:00 PM
From: Gator  Read Replies (1) | Respond to of 8858
 
Wayne, Thanks, in that context I see it as a Positive...when do they expect to file the quarterly statement with EDGAR? Good Night...Gator



To: Wayne Rumball who wrote (762)11/3/1998 10:27:00 PM
From: THOMAS GOODRICH  Respond to of 8858
 
The conference call was very positive and exactly what I expected to hear. The typical licensee setup fee of $100,000 is materially insignificant when you weigh potential gains of 25% of gross dollars wagered multiplied over a period of years. Starnet reportedly has waived the setup fee for clients with existing gaming and/or sportsbook web sites as well as for a few others converting to Starnet. Mr. Dohlen mentioned the names of a few other developers, i.e. Cryptologic and Boss Media who are making inroads, however, there are others like Xertrix, VGTI and WWWC that are as well vying for market share. Starnet licensees are reporting a high level of satisfaction with the company's turnkey service and casino gaming packages. Let's see if the stock price eventually reflects that!

TG



To: Wayne Rumball who wrote (762)11/4/1998 11:47:00 AM
From: M_Power  Read Replies (1) | Respond to of 8858
 
Waiving the $100k for existing operators is "noble" but I think they should suck it up and tell ALL licensees to cough up $100 grand. Recouping $100,000 would be easier for an existing operator than a startup, so why bother with the concession?

Remember...others in this business are charging twice as much up front - even more.

Blowing people through the door with "Zero Down" is a good way to seize market share, but revenues are revenues. If they signed 5 licensees last quarter, I wouldn't mind seeing all $500,000. Who disagrees?

///M