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To: Sarmad Y. Hermiz who wrote (49972)4/12/1999 8:20:00 PM
From: HG  Read Replies (2) | Respond to of 164684
 
You know Sarmad, this reminds me of of an episode long ago.

I had passed out of college, a brand new engg graduate ! My first job paid a pittance, but that represented a fortune to me, and my classmates were green with envy....!

I moved to this new city and while I looked for an apartment, I stayed with a friend for a week. Her dad was a businessman, he manufactured steel pipes, a small business in the backlanes of a dusty suburb. He had never completed high school but his business was doing great....and he asked me my salary. Not very smart - but I was young and proud and I did tell him my salary ! He laughed at me and said that he paid his uneducated smithing foreman twice the amount ! And the foreman hadn't even spent a fortune on education !

My comment to him was - after 10 years the foreman would still be drawing the same salary, while I would be going places within a year !
15 years have passed since and I'm not sure what that foreman is doing right now, but I have kept my word !

My point ? Small auto dealership would still be a small auto dealership in 10 years. But what will BCST be in 5 years ? Can you even hazard a guess ?



To: Sarmad Y. Hermiz who wrote (49972)4/12/1999 10:07:00 PM
From: Greater Fool  Read Replies (2) | Respond to of 164684
 
What difference will that make ? BCST lost $2 million on $10 m sales. It was bought for $6 B. Now to put this in perspective, a SMALL auto dealership has more revenues than that.

To put it another way, were the merger taking place today, BCST would reduce Yahoo's earnings last quarter by 12%. If it's going to be "accretive to earnings by year end" they'd better hurry up.

A 20% loss is nasty anywhere but internet land.



To: Sarmad Y. Hermiz who wrote (49972)4/12/1999 10:52:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
Sarmad...Just for you and Glenn

Cramer hits the nail squarely on the head in Time Magazine:

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