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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?

To: ztect who wrote (52)	1/15/1999 8:22:00 AM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 1150

> if you're too lazy to read the > seemingly naive remarks with an incredible I see: so I'm either "lazy" or dishonest (my comments "seeming" naive but really being more devious). Tchh, tchh. In my experience, the more someone flames the less substance is in their favor. I am a RRRR shareholder, although my plan is not to be once the price justifies my exit. I was legitimately looking for a reason to stay in. Hope for a company's future requires some confidence in its story, and in RRRR's case I just don't see it. > Rare Medium sells its services at quite high hourly rates to major clients. Sounds like a competitive disadvantage to me: how long can they keep that up in an increasingly competitive market? Web design is not like manufacturing, where a patent or expensive infrastructure can allow high prices temporarily. To web design the cost of entry is a computer, phone line, and a business card. > an incredible Board of Directors Lots of companies -- particularly Internet companies -- have impressive Boards of Directors, but unfortunately that has little to do with ultimate success. Real profits requires something better than pay for hourly work, even if the pay is temporarily at (as you say) a "premium". In software and manufacturing and pharmaceuticals, in comparison, fixed R&D can lead to long term significant profits: work once, get paid many times. In the service sector, in comparison, the ceiling never gets higher: an hour's work produces an hour's pay, and the employees that actually do the work can always be cherry picked. Another suggestion on this thread that multiple national offices means that RRRR can stay closer to its clients is interesting, but I doubt that means much. In my experience, companies are willing to use webdesigners and maintainers even in outside states. And even in companies that have multiple offices (for instance airlines) the responsibility for particular websites is limited to a particular office -- so they don't need a website designer with a presence in multiple cities. For RRRR to justify the irrational unjustified heights of other "Internet plays" (as we all here hope) it needs a plan better than an hourly wage. Maybe it has such a plan, but no one here seems to know it, or to be able to guess one. - Charles