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

To: Mahatmabenfoo who wrote (53)	1/15/1999 9:07:00 AM
From: ztect	Read Replies (1) \| Respond to of 1150

Have you ever owned a successful business? One that the clientel come to, rather than one that has to market for clients? I have to pressume that you haven't based on your comments. When I worked as a consultant for a vc, that venture capital firm got 40 to 60 proposals a month with great ideas for business ventures. Out of full years amount of proposals received, this vc would only take one or two to try to develop... Now take another look at Rare Medium's client list....they are not hurting for business. I actually heard one satisfied but chagrined client say that, Rare Medium charges like $1,000.00 bucks a hour. This, of course, was a bit of an exagerration. But Rare medium services aren't cheap. Look at any service business...architects, lawyers, marketing companies. the successful ones pick and choose the clients they choose to work for because their services are in that great of demand. Richard Meier and Johnny Cohran are sought after. Rare Medium is sought after. Your comparison between Rare Medium and pharmaceuticals is like comparing apples to walnuts. Pharmaceuticals have incredibility high captilazation costs both for facilities and R & D before they make any profits. Whereas many a great software and internet company has been started in a garage or on a home PC...Ever hear of a little company called Microsoft? Bet you wish you bought that in 1987. There are so many amazing and profitable business models being created for internet traffic and commerce. Rare Medium's model is very simple. Build the succesful sites that people work for your clients and that people want to come back to. Again refer back to the client list. As for the Board of Directors, people of that stature don't wily nilly join Boards of companies. All of these directors have reputations to maintain. Rep's in the business world coincide with higher compensation. You don't sacrifice them for some fly by night up start. Plus the simple rule in the world of business (though not always true) is that past accomplishments are a good barometer of future success. Rare Medium's directors. CEo and personal are very VERY impressive. Again read through the cover all the first ten posts or so of this thread, before you demonstrate that you've never owned or operated a sought after business. Thank you. Sincerely , ztect ztect