SI
SI
discoversearch

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.
Pastimes : Techride -- Ignore unavailable to you. Want to Upgrade?


To: Joana Tides who wrote (458)3/20/1999 8:56:00 AM
From: Blue Snowshoe  Respond to of 7442
 
Granted the Yellow Dog Pup just saved me big bucks but this not knowing what a weekend is stuff has got to end. They are up (since 5:30), they have been fed, they have been out and since they don't want frost on their paws they are back in their room sleeping. I'm wide awake. Damn dogs you can teach them anything but what day of the week it is.
Might as well get some research done since I'm up. MRS. BLUE is back from two days at the condo, skied so much she might wake up around noon. 909 BLUE



To: Joana Tides who wrote (458)3/20/1999 11:14:00 AM
From: Blue Snowshoe  Read Replies (4) | Respond to of 7442
 
RE: GNET. Yesterday I received my invite to the GNET shareholders meeting on Monday. Now I don't know if this late invitation is the fault of my broker but, a few days notice doesn't get it with me. I mean just let me drop everything I'm doing, fill up the jet and go to Seattle.
At least there is still time to vote your shares by telephone @ 1-800-454-8683 or on the internet @ www.proxyvote.com
Some thoughts on the 1998 annual report:
1) go2net (GNET) is growing so fast the numbers an investor looks at in this report are outdated (eg HyperMart @145,000 members and growing 15,000 new small businesses a month). HyperMart is now over 160,000 and may be growing faster now than 15,000 a month. It is growing so fast that it is hard to keep up with.
2) Russell Horowitz has his head on right, in his letter he said, "We are showing the industry that it works to run an Internet company based on fundamental business principals: control overhead, spend money as you make it, and work diligently at creating shareholder value". That a boy Russell, run a TYPE I internet company.
3) Russell's background and education are very interesting and prove a point that many companies just don't get. I worked for some big boys, multi-billion dollar companies. One of them thought if you had a MEDICAL division run by MBAs that was how to do business. MBA is all it took, that was a must and it helped if you were from Harvard. I guess the thinking is if you are highly educated the business world just falls into place. I'm sure you all know what company I'm talking about.
Anyway, this company with its MBAs has run off much of their technical talent, the people with medical backgrounds. This company also in the past few years has lost much of their market share in this medical division. They started losing market share just about the time the MBAs run off the talent. I guess their PRINTER division is run by an MD.
Here is the point. We are all born with talents and an education can educate you but it will never give you talent. Russell in part because of his work history and his natural talent to know good business and have and use common sense, would put to shame many of the MBAs I worked with.
4) Russell also shows he is smarter than Al Gore or at least has more class. Gore the other day made a big deal about Gore 2000, said his speech, blah, blah,blah. Gore never talked of the people who worked for him, never thanked them. Russell makes a point of thanking the many people who make a company happen.
"Go2net could not have achieved its leading position in the industry without the good will, hard work and ideas of our employees, partners, shareholders and users. We greatly appreciate these attitudes and contributions. As a company, we are increasingly motivated by the position we have achieved in the industry and believe that our greatest opportunities lie ahead". So do I.
5) I wish all companies would quit calling themselves "the company" in annual reports. There is only one " the company" in my mind and one never talks about that one if they are smart. I hear once you work for "the company" you always do and they always watch over you. So as you can see "the company" is different from any company.
I will not be at the shareholder meeting, I don't go to them and avoid the media (I keep a low profile in all things I do to keep MRS. BLUE's stress level down, that's why I never use my name). If one of you are at the meeting please do me a favor. GNET had 69 employees last I knew. I would like someone to stand up for me as a shareholder and thank each and every one of them for me. A company IS its people and no company gets anywhere without the hard work of those people. Please thank them for me.
Also thank them for making me look smart and not dumb. Long ago, when most people had never heard of GNET, I went out on a limb on one of the busiest boards on AOL, telling all my pals where my money was going, going in an up and comer, a company I had researched proclaimed a gold mine.
I'm sure most thought I'd lose my butt. I knew I wouldn't for all of the reasons stated above. Thanks GNET and our greatest opportunities do lie ahead. 909ers to all my pals, BLUE