-geoff
Stefan Savage writes:
> 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