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Sunday, February 18, 2007 2:38:02 AM
About seven years ago, I was your age. :)
Here is something I posted on a financial message thread regarding a company poised to spearhead the convergence of the internet and television -- a company that held a significant portfolio of patents at that -- a derivative of what we now call "on demand".
.:
Anyone that knows anything about the Internet knows that the convergence of TV and the Internet is the next step.
One, think about the marketing possibilities for advertisers.
Two, think about the consumer demand for "interactive" or in this case Hyper-TV. (Although a more marketable name would seem relavant, I will not question the management at this point as they have made me alot of money).
Three, the average American does not, and I repeat does not use the Internet. The only way it will expand to increasing consumer usage is through leveraging Televison.
:.
The stock of the company in question went parabolic in 2000, as did most "technology" stocks, before eventually crashing to the sub-penny level and taken out by it's creditors for pennies on the dollars. All "LTBH" (long term buy and hold) shareholders were left in the dust.
What's the moral of the story? Learn how to read a financial statement. I eventually did.
Respectfully,
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