RE: @home to buy excite...

Stefan Savage (savage@cs.washington.edu)
Tue, 19 Jan 1999 11:17:57 -0800

Since its well established that the market cap of an Internet stock is
inversely proportional to how much money they earn, I suggest we
incorporate Detour, announce our intention to buy @Home, then IPO. The
resulting debt that we've taken on will swiftly bring our market cap to
a range where we can actually afford it.

BTW, while I am joking, this isn't so far-fetched... the junk bond
takeover folks did pretty much exactly this in the 80's.

- Stefan

-----Original Message-----
From: Geoff Voelker [mailto:voelker@cs.washington.edu]
Sent: Tuesday, January 19, 1999 11:11 AM
To: savage@cs.washington.edu
Cc: syn@cs.washington.edu
Subject: Re: @home to buy excite...

UW people making money off of repackaging:

Web Crawler --\
---- Excite --- @Home
NetBot --/

begs the question of who is going to buy @Home. Appliant :-?

-geoff

Stefan Savage writes:
> http://www.techweb.com/news/story/TWB19990119S0003
>
> Raj may be bp's boss by the next retreat... ;-)
>
> - Stefan