Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : ITEX is a Great Buy at under $6 -- Ignore unavailable to you. Want to Upgrade?

To: JD who wrote (514)	12/22/1998 10:45:00 PM
From: Les French	Read Replies (1) \| Respond to of 623

Jay, That is an interesting question, and it has been brought up in meetings. My understanding is that it is a policy issue which has not been resolved "in concrete." But here is what I would like to see: I would like to see a BXI operation in every market where an Itex exists, and visa versa. Having worked in both organizations, I see a great difference in client/product mix, philosophy, etc. Each appeals to a slightly different market. Some like Barbeque flavor while others like Ranch. So the smart thing to do is to offer both flavors! Many members belong to both! That is sort of how the acquisition of BXI has worked out. I would like to see the two groups remain competitive, up to a certain level. But the "sisterhood" can also be an advantage. We can work together to build a strong company. Fruitless bickering can be eliminated before it reaches bitterness. Here in Portland, we conduct business with Itex on a very friendly basis, but at the same time I consider ourselves to be competitors. We can mutually excel each other. Well, the news today was a little disappointing (I thought they were going to pull out another miracle) but I am not concerned. I think the company can do a lot to concentrate on more cash revenues. The delisting, I predict, will force Itex to focus more on cash revenues, and not as much the barter assets (what Mike Baer called "wealth building. I suspect that it is the "barter assets" which is causing the problems. Graham did say that Itex would reapply as soon as the corporation is eligible. That will give us a chance to start out with a clean slate and leave some of the baggage of the past administration behind. Best regards, Les