To: If only I'd held who wrote (70450 ) 4/21/1999 5:54:00 PM From: Stephen Adnan Respond to of 119973
Held, I must respond, respectfully, to one of your earlier posts re: xmcm valuation. I agree on an old-world fundamental analysis all nets are overvalued. However, the quality nets which survive will fullfill this valuation. As I am sure u have heard on SI, a net value is not in its revenue, but in its potential revenue from market share. YHOO AOL AMZN, and now LCOS and XMCM are fighting for market share of the net. The net is and will be bigger than TV or cable. NITE showed as much with revenues better than tripling from last year as the WORLD wants to trade on-line. Last night, I got 10X better information on the Litteton(sp)school shooting on the net than on any TV station. In my office today, all those who got their information on the net were FAR more aware of the details and specifics than those who got said info on CNN, or local TV stations or newspapers. Aol had streaming video (poor quality -frames) of various reporters on the issues u wanted to read about WHEN you wanted to hear it. Whenever a crisis occurs, my office intranet goes crazy as everyone searches the web for news - but our office has cable, tv and radio - why the web - because that's where the content is. New startup VISA companies are getting MILLIONS of applications (read: potential revenue) (100 X normal) for their cards with web ads promising low into rates and a quick application and approval period at a cost that is a fraction of tv or direct mail costs. This is for real and the future. It is happening all around us - believe me big business follows the money. XMCM YHOO LCOS AMZN have real value to big businesses - they can make them money. Stephen