Shopping.com Went Public / Shares Soar 60% On IPO
 

http://story.news.yahoo.com/news?tmp...o&sid=95573501

Looks like the Net is red hot again. :)

What is the advantage of being based in Isreal, but having your headquarters in the US?

No particular advantage. It was probably just founded there and corp. headquarters placed in the US to better faciliatate the long term plans for their IPO.

Company's market value soared to over $800 Million and their net is only about $7 Mil.

you can sell SCUD missles at a big discount.

camels are cheap also.

and you can buy a lottery ticket on the 380 tons of missing explosives.

you're an idiot

there are more Israeli companies listed and traded on US stock exchanges than from any other foreign country.
Chinease are quickly catching up tho

it's always been like that

I hope that it is getting hot again. Back in the hayday before the dot com crash I was making huge money in mainstream for an Internet company. Damn I miss those days especially since the exchange rate was mighty fine at the time too

I said a few months ago the internet bubble is coming back might be a smaller version but it will still be a bubble where people will lose their pants all over again.

See when I start getting calls from people asking "I have money what can I invest in" when it starts burning holes in peoples pockets the stupid investments follow.


Whats causing it well everyone is like "shit I should have invested in google" everyone is now motivated to invest in the next google even thou few will make the cash they make but they just want to be part of the next big thing, most companies will burn and die quick they run thru cash like its water.

gotta love Israel :thumbsup

yup, i'm seeing a lot of that now too
I said 18 months ago we're in the early staged of the next internet boom.
I bought shit loads of Overture and and findwhat stock, made a real nice penny :)

As far as the bubble we're not close to it yet but getting there.
There is a lot of good things happenin on the web and tech for this growth to continue for some time.
It does feel like 98-99 all over again :thumbsup

how long is always ??
i dont think this was true 10 years ago.

Agreed, I think the thing most analysts & investors are missing is that there are no Barriers to Entry on the Web. Competitors can pop-up, copy your idea (or improve it), and catch on like wildfire all from the comfort of a basement or garage.

What does Google have that justifies a PE of 225?
Were they first to market with a 17 year patent on their product?
Where is their unique business proposition? They've already got competition in every segment of their business.
Google isn't going to corner the market on Web traffic or ad revenue, they're just going to be hot for a while until the competition catches up and shares in the profits.


Shopping.com? I don't know much about the company but I do know that a company by the name of Shelron has released a beta version of ActiveShopper, comparative shopping software that claims to provide the same service as Shopping.com but runs in the background while you surf.

>> Shopping.com? I don't know much about the company

PRIME DOMAIN
its the largest shopping comparison site online
was known as dealtime.com
Bizrate.com and NexTag.com are its biggest competitors
other than that nothing unique or original here

ICQ came from Isreal. I think ICQ's contribution to the internet and instant messaging is under appreciated and recognized. It was my first instant-messaging program.

As for another bubble... pay very close attention to profitability of the companies. Some companies may be overvalued, but I seriously doubt Google is going to 0.

Anyone have any finacials for shopping.com other than what the article states?

"Shopping.com lost $6.6 million through the first half of this year, but has demonstrated it can turn a profit, earning $6.9 million last year on revenue of $67 million. Revenue so far this year has increased by 70 percent. "

It will be interesting to see where the dictionary-domain companies go. Are they really the equivilant to generics in marketing?

Just taking a quick peak at shopping.com... looks like their site is getting some good SE traffic. Interesting stuff.

Anyone with $5 million to invest want to do a $400 million plus IPO in the next 2 years? Let me know.

I agree, its under appreciated.
It was started by 2 young guys in Israel and sold early on to AOL.
I believe it was in 98 for around $300 mil. They had zero revenue at that time, just a large userbase.

whos buying? :)

pornstar2pac? :)

yeah i saw this yesterday when it went public, and was looking into it the week or so prior.

Amazing. The site looks like shit, yet its fucking hot on the market.

a little history lesson:

full article:
http://searchenginewatch.com/searchd...le.php/3080171


history repeats itself?

but I am glad that the tech/ipo/vc market is back. :)

damn, not bad, too bad I missed it :-/

Slav,

I think we can both appreciate this domains value. Amazing domain,
however prime or not, the company's assessed value is over inflated.

But hey, the end justifies the means. See what these dildos can do.

They will tank after a week on open market I bet.

Additionally - The origins/success story surrounding ICQ's development is great. Intriguing to say the least. However as to why it is under appreciated these days? Simply because it's a piece of shit.

Actually, I think Canada is the foreign country with the most listings on US stock exchanges, and Israel is next