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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (428)	4/24/1999 9:57:00 AM
From: TradeOfTheDay	Read Replies (1) \| Respond to of 1150

some of the recent insider sales : quicken.excite.com

To: RockyBalboa who wrote (428)	4/24/1999 3:47:00 PM
From: Anaxagoras	Read Replies (1) \| Respond to of 1150

Hi InfoStream.com, thanks for mentioning the acquisition press release. One of the things I found particularly interesting about it was that it told you how much RRRR was valuing their targets at. As recently as 2/26/99, RRRR picked up FS3 Interactive for stock valued at two times FS3's annual revenues of $1.7 M. FS3 creates Internet-based business solutions, including Web marketing, design, programming, and E-commerce enabling. Now, in the old world, 2x revs was top dollar for such an acquisition, but the brave new internet world has rewritten some of the rules. And RRRR did that same multiple on 3/9/99 for the second mentioned company, also in the same biz, called Big Hand, Inc. and its subsidiary, Circumstance Design, Inc. (revs. of $3M). The multiple wasn't mentioned for the Hype! acquisition. So we have a pretty good basis for an idea of what RRRR thinks these things are worth, 2x TTM rev, and since their prices are in the range that management has indicated, i.e. $1-5 M, we have a good idea of their general strategy. This will be useful to keep in mind in order to put the company's valuation into perspective. What would RRRR be valued at on such a basis? Ohh, wait! I forgot! The sum is greater than the parts!!!! Oh, yeah, and we're an incubator!!!! Heee, heee, heeee.... BTW, I make fun of this here, but I do admit that this a legitimate strategy, no doubt. It's just that there's no evidence that this newly assembled team can do this effectively, and the price for their stage of development is ridiculous, they've come late to the game on this, and the history of the company stinks. BTW, I think someone mentioned the CEO was an Internet visionary? Gee, he's been on the Internet since all of 1994. I wouldn't have known that unless it hadn't been for the site Mary directed us to. thestandard.net :-) Anaxagoras