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Tuesday, January 25, 2005

Don't buy.com's new IPO

The great wall street bilking machine is in full effect now. Remember buy.com? Sure you do, they were one of the internet B2C poster boys back in the late 90's. The went public for $182MM, lost a lot of money buy selling products below cost and then went private for $23MM. Bad deal for investors and I'm sure they have learned their lesson. Right?
Well if you didn't get enough of being bent over a barrel, they're back! That's right, buy.com is planning on going public - again! Never mind that professional investors are still questioning Amazon.com's valuation. Ignore the fact that being an internet retailer is a lot like -- get this -- being a bricks and mortar retailer. And please, please, please ignore the fact that buy.com has lost almost $40MM over the last couple of years.
If you can see through to the 'real buy.com, the please, by all means, buy away.

4 Comments:

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At 11:40 PM, Blogger cc Infopage said...

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Yahoo News - Oct. 13, 2005


Yahoo Japan steps up mobile content distribution (Reuters via Yahoo! News)
Yahoo Japan Corp. said on Thursday it had launched a mobile content distribution service, in which cellphone users can buy games, ring tones, news and other entertainment and information from 59 content providers.


Microsoft, Yahoo to link instant messages (USATODAY.com via Yahoo! News)
Microsoft and Yahoo will make their instant-messaging programs work together, a partnership that could give the companies more power to compete against market leader America Online. The companies expect the service to start by June 2006.


Yahoo to Bar Minor-Adult Sex Chat Rooms (Washington Post)
NEW YORK -- Yahoo Inc. said Wednesday it will bar chat rooms that promote sex between minors and adults and restrict all chat rooms to users 18 and older.

Today's News From & About Yahoo


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Have a nice day,

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