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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: MW who wrote (1544)	11/10/1998 7:34:00 PM
From: Pluvia	Read Replies (3) \| Respond to of 3015

MW, concerning the loss of customers, read the 8k last year describing the purchase of Brite & VNN. The revenue numbers produced by both companies are included in the financials which are included in that 8k. I have talked to the customers who left SRCM, I have been provided specifics of amounts of revenue that each customer produced. When subtracting that revenue from the total revenue of the Brite & VNN combined entities (total revenue taken from 8K) it is clear SRCM lost more than 50% of the total revenue produced by Brite & VNN. Since combined Brite and VNN cost SRCM $44.6 million, 1/2 of that amount would be $22.3 million. Thus we can assume SRCM blew over $22.3 million due to the customers that left. Now since SRCM has admitted this loss last Q, and attributed $25.9 million of a writeoff to this loss of customers, why do you keep questioning how much business SRCM lost? Do you have a reading comprehension problem or are you just to lazy to do any research? If you had half a brain you could figure it out by reading the SEC filings. But then, if you were that smart you obviously would not own this stock. All comments IMO Cheers Steve

To: MW who wrote (1544)	11/10/1998 7:40:00 PM
From: Pluvia	Respond to of 3015

MW, Since you claim to know so much about SRCM, please answer just one question. How is SRCM going to produce enough revenue to service their debt? Please tell me, if they are able to produce a cable internet service, (which I don't belive they can), how much money they will get per cable subscriber, and how many cable subscribers they would need to sign up - just to pay the interest in their $120,000,000.00 debt. Simple question MW, you must have calculated this at some point - since you have owned this stock for so long. Cheers Steve