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To: Daniel Schuh who wrote (21903)	12/3/1998 1:46:00 PM
From: Reginald Middleton	Read Replies (2) \| Respond to of 24154

<Reggie, a former high flier being bought out by a more powerful company usually isn't considered a huge business success, is it? There's a lot of internet companies valued at more than Netscape now. That couldn't be because of the air supply operation, could it> You tell me, Dan. Can you think of a pure Internet company that was purchased (acquired) for more than 4.2 billion dollars? No? How about at 4 billion? Half of 4 billion? How about a quarter of 4 billion? I do hope members of this thread are not believing this Internet valuation hype non-sense. In order for a company's valuation to be validated, that value must be accepted by strategic buyers for they understand the market much better than any old Joe hunched over a E-trade web page announcing himself as a day trader. For the record, the richest valuation I can think of is about 400 million (WebTV) followed by 375 million (Hotmail, which currently has 95 million active users,, I think that is the number???) at about 375 million dollars. Both of these were made by your favorite company who just happens to have the cash and highly valued stock to pony up to buy damn near anything they deem fit.