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To: Glenn D. Rudolph who wrote (35902)1/21/1999 11:58:00 PM
From: Rob S.  Read Replies (1) | Respond to of 164684
 
If valuations are anything close to what they are now - even 30% of that, then they should go out for a secondary offering. They can create a nice glossy story about how they plan to use the money to become the biggest and bestest darn retailer in the whole smiggin' world. Of course, by that time they may wish to downplay the idea that much of the money will be used to pay back debt and pay for "market share" - meaning a continuation of buying customers with low probability of ever seeing the hefty profit margins needed to justify the whole Titanic financial mess.