Non-Tech
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EXTRA EXTRA -- I FOUND VALUE IN THE INTERNET
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| An SI Board Since December 1998 |
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I have recently invested in a great undervalued internet stock called Nettaxi, Inc. (Symbol NTXY) that is ideally similar to the Globe and GeoCities. I found the company on the Hot 100 list (www.100hot.com) and it has been fluctuating between 17 and 26 for the recent past. I then checked to see if it was public -- and low and behold it was, at a whopping cheap price of $7 per share. With regard to Geocities and The GLobe, Nettaxi is far better situated in a fundamental sense. I contacted the company and inquired about revenues and they told me that they were ahead of projections and growing 30% month to month. When discussing the revenue model, management also alluded to the recent agreement with Cybereps. This agreement will have Cybereps as a sales rep firm to sell banner ads on the site at a higher CPM than in past. While Nettaxi has shown resilience in moving up the Hot100 list, The Globe has significantly dropped down the list to the mid 40's. Nettaxi has recvently announced an agreement with Infospace (who happens to be content provider for MSN), who has recently become a public company as well, to use content from Infospace on their site. Management also believes that this increased content will drive more eyeballs to the site thus creating a higher valuation. Nettaxi has also become the first portal site to sign an agreement with E-Charge, who is a e-commerce solutions company that will charge items to your phone bill insttead of your credit card. Nettaxi is also pursuing furhter opportunites that will greatly enhance their ability to offer premium services to its members. There are currently receiving 62 million page views per month. It is a great find to be able to invest in an Internet company at such a bargain price.
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