SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : MSFT Internet Explorer vs. NSCP Navigator -- Ignore unavailable to you. Want to Upgrade?


To: Keith Hankin who wrote (21901)12/3/1998 1:34:00 PM
From: Reginald Middleton  Read Replies (1) | Respond to of 24154
 
That NSCP valuation bit is a bunch of hogwash. The market never put a lasting value on NSCP higher than what AOL bought them out for. NSCP was the victim of day trading volatility and stock hyping (http://www.rcmfinancial.com/newMediaFinancial/lies_and_lying.htm). That is why nobody bought you out sooner. Just because you can buy a stock in the stock market for $70 does not mean that the company is worth $70 per share.

I take it you think eBay is really worth $256 per share? NSCP wants to get into net based commerce, why didn't they buy eBay out? I didn't think so... AOL (the market) priced NSCP appropriately.

<Since then, NSCP's stock has had the lowest price-to-sales ratio of any Internet stock, bar none, because of the perception of being crushed by MSFT's power to control the market.>

NSCP had a lower market adjusted return on invested capital than most high performing internet stocks after the IE4 browser hit them hard. You can't expect to get paid for what you don't earn.

<Give me a break. There is ample evidence that MSFT's actions damaged NSCP. >

So, that is the name of the game. It is called competition. Whether they used monopoly power to crush NSCP is the question. NSCP is not crushed, they have the quickest, highest valuation of any company that you know of in the time span of thier existence, and they have the broadest distribution. Aggressive competition and using illegal monopoly power to crush are not synonomous. NSCP is not crushed. MGMT made a tactical error that they paid gravely for (the charging of the browser that the market was expecting for free).