Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : NetObjects, Inc. (NETO) -- Ignore unavailable to you. Want to Upgrade?

To: Dirk who wrote (101)	5/14/1999 7:22:00 AM
From: Wes Stevens	Respond to of 278

Why would IBM buy NETO?? They were the ones that IPOed it.

To: Dirk who wrote (101)	5/14/1999 10:58:00 AM
From: Cesare J Marini	Read Replies (2) \| Respond to of 278

I still think it should hit the 20's, though, as it is a good takeout candidate for someone (i.e. IBM?). Why would IBM want to acquire a company they just spun off?

To: Dirk who wrote (101)	5/14/1999 3:07:00 PM
From: Trevor Goodchild	Read Replies (1) \| Respond to of 278

IBM spun this thing off to maximize shareholder value for its own shareholders. It still owns most of the company. I'm guessing they have enough good press releases in reserve to keep this thing from drying up before 60 days. In fact, rather than dumping a dog like some have inferred, I think they have actually uncaged a potential high flyer (alright...I don't really believe that). Being a software co. in MSFT claimed space constrains NETO's revenue growth potential, however, being freed from Big Blue should allow NETO to respond faster to market conditions. As hard as it is to get a Wit IPO, I don't care if this thing turns into a penny stock, I'm definitely not selling. Worst case scenario is a $1200 loss. With so many people wanting in on IPOs, getting bogeyed by Wit could literally mean being shut out for the rest of your life (at Wit). Imagine missing out on the next eBay, Lu, CSCO, Yhoo, AOL, MSFT companies from the years 2000 through 2050 because your Social security number was black balled way back in 1999.