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 : Network Connection , Inc. (TNCX) -- Ignore unavailable to you. Want to Upgrade?

To: Bagladdy who wrote (319)	2/5/1999 9:32:00 AM
From: John Richter	Read Replies (1) \| Respond to of 330

Is it really great news? Here is an excerpt from the press release concerning the IFT technology: "our In-Flight Entertainment system ... essentially has been abandoned by prior management". So it looks like the technology contributed by IFT isn't worth much. This looks to me like TNCX sold 60% the company for 5 million. Now TNCX has a market cap of about 18 million. So 60% of the company is supposed to be worth about 11 million. Yet they sold it for less than half that. So this says to me that insiders feels TNCX is worth only about $1.75 per share. Not great news!