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LookSmart, Ltd. Message Board

  • mentges mentges Apr 12, 2000 4:28 PM Flag

    Max - more on the demise of etailing

    here is an analysts report - note the part about
    "this isn't a temporary situation." I don't think I am
    overstating the case that there will be no more IPOs for
    etailers this year. As for LOOK - I've stated before, I
    don't care if it goes to $5 - I'm in for the long haul.
    Everyday their deal with BT expands their reach -

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    • there are plenty of other interesting sectors. My
      financial advisor says that The Street is still very
      interested in pre-IPO companies, particularly in the "eBay"
      tradition - services, etc - with potential for profit. He
      says they are increasingly intolerant of companies
      that don't show a profit. I am in for the long haul
      with LOOK as well - got in at IPO, so still doing
      fine. I do think they have made a few mistakes in
      recent months. I don't like all the insider selling,
      starting with the Thornleys. I don't like the fact the CFO
      left and they promoted from within. I don't like the
      rumors I hear from friends in SF that employees are
      leaving because of poor pay. The Net is here to stay, and
      so is LOOK. I just think they need to watch their
      step. As my dad used to say, "climbing up the ladder of
      success, you are always looking at the seat of someone
      else's pants." There are going to be many more great
      companies in the future, and the way LOOK runs their
      business now will affect their success ratio in the coming
      years. As a long-term investor in the company, I hope
      they think long and hard about where they want to go.

0.950.0000(0.00%)Dec 17 3:59 PMEST

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