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VerticalNet chairman predicts profitability soon
VerticalNet Chairman Mark Walsh (us:VERT) says his business-to-business marketplace will soon reach profitablity. He also predicted the Pennsylvania company will reach a market capitalization of $40 billion to $50 billion in the next two to three years. "We expect to be profitable this year and do hundreds of millions of dollars in revenue," said Walsh, speaking to a group of technology executives Thursday in Prague. VerticalNet`s market cap has fallen to about $2.5 billion on Nasdaq from a peak of about $11 billion. Walsh says the market "got it wrong" on many Internet valuations earlier this year. Still, he said VerticalNet, which has bought about 20 companies in the past 18 months, will help industrial manufacturers to market and sell their goods online and offline. "There will be an E (earnings) in our P-E, and when that happens, it should be gargantuan."


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aus der Diskussion: Verticalnet - Only the hard facts
Autor (Datum des Eintrages): GANGSTA1  (12.10.00 17:04:30)
Beitrag: 3 von 5 (ID:2057914)
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