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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Michael Olds who wrote (6766)	4/5/1999 11:06:00 AM
From: Carl R.	Respond to of 17679

As I said, I think the patience route is best for most companies, but you must keep on an even keel with the competition, and you must assure that you have enough money to grow. Another problem with achieving profitability first is that then they might be valued based on PE instead of site hits, substantially reducing their value. <VBG> As a gruesome example of this, compare PROG (market cap $60m, profitable, fast growing web site), with BYND, EGGS, DRIV (market caps 10x higher, all much smaller sales and consistently unprofitable). Carl