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Technology Stocks : E*TRADE IPO ALERT THREAD -- Ignore unavailable to you. Want to Upgrade?

To: Gerald Walls who wrote (3620)	6/5/1999 1:15:00 PM
From: neverenough	Respond to of 15145

This company is far from profitable, Summary Financial Data The following table summarizes our statement of operations and our balance sheet as of December 31, 1998. See our financial statements and the notes to those statements included elsewhere in this prospectus. February 26, 1997 (Inception) to Year Ended December 31, 1997 December 31, 1998 ------------------ ------------------ (In thousands, except per share data) STATEMENT OF OPERATIONS DATA: Revenues.................... $ -- $ 1,531 Cost of sales............... -- 1,098 Total operating expenses.... 13,905 46,465 Operating loss.............. (13,905) (46,032) Net loss.................... (13,862) (46,039) ================== ================== Basic and diluted loss per common share (1)............ $ (26.17) $ (7.27)

To: Gerald Walls who wrote (3620)	6/5/1999 1:23:00 PM
From: DebtBomb	Read Replies (1) \| Respond to of 15145

Gerald, I read through the S1, these are the reasons I don't like it. It's a not a pure net play, so what, they have a website. The street generally doesn't like environmental stocks, because to be environmentally friendly, you usually have to pay more for it. GMTN generally states in their S1, they are in the business of providing "green products" and not in the business to be price competitive. The shares offered is a huge amount. If they were to save people money and the environment at the same time, then they would have something, IMO. No, they have no profit.