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

To: Carl R. who wrote (8836)	5/27/1999 11:05:00 PM
From: Hal Campbell	Read Replies (3) \| Respond to of 17679

Agreed that the growth rate is going to be fast profitable and sustainable, Carl..they have just scratched the surface ...but ...minor correction ( for purposes of your estimates).... the article says I believe they expect 60 channels operational by years end. Not 100. Still...dandy growth for the long run. The Merril Lynch news is wonderful, Jubimer. Truly a natural for the net. Seems likely TVontheweb will participate. Talk about a sticky audience on that one!

To: Carl R. who wrote (8836)	5/28/1999 7:04:00 AM
From: flickerful	Respond to of 17679

Outlook tepid for Net IPOs By Bloomberg News Special to CNET News.com May 27, 1999, 4:55 p.m. PT URL: news.com NEW YORK--Declining prices for Internet company stocks may cause some companies to delay their initial stock sales, while shares of those that do sell may not rise much, bankers said. Recent IPOs of well-known companies such as New York-based TheStreet.com, a financial news publisher, and Santa Monica, California-based eToys, an online retailer, have fallen a third or more from the peaks set in their first day of trading earlier this month. A $10,000 investment in TheStreet.com at its peak now is worth about $5,260, while the same-size purchase of eToys is down to $6,563. Prospects for initial stock sales by other Internet companies were further clouded yesterday when two IPOs--Juno Online Services, which provides free email services, and ZipLink, an Internet service provider--fell below their sale price in the first day of trading. A third company, Edgar Online, which provides online access to filings with the Securities and Exchange Commission, rose only 0.06. There will be "some pain involved in getting from frenzy to a little more sane approach to these things," said Dick Smith, equity syndicate manager for Banc of America Securities. "If that precludes certain companies from accessing the public markets, so be it." The Bloomberg U.S. Internet Index has fallen 30 percent since its April 13 peak, though it is still up 60 percent for the year. "As you get significant drops in valuation for recent public offerings, it sobers people up a lot," said Alan Mendelson, a senior partner with Silicon Valley law firm Cooley Godward in Palo Alto, California. So far this year, 72 Internet-related companies have made their stock market debut, more than all of last year, when 44 Internet companies arranged their initial stock sales, according to CommScan, a New York-based research firm. Internet IPOs account for about 43 percent of the 169 IPOs this year. "There's definitely going to be more selectivity," Smith said. At least 91 Internet companies, a little more than one-third of the total, have filed plans with the U.S. Securities and Exchange Commission to go public but have not yet done so, CommScan said. Copyright 1999, Bloomberg L.P. All Rights Reserved