Ryan Jacob
Ryan Jacob
forward frankly fund hold internet mean names quite terrific tremendous
I think we've had a tremendous run. I mean Nasdaq had a terrific year. A lot of the Internet names that we hold in the fund had terrific years and quite frankly I think going forward it's going to be more challenging.
acquired companies continue customers growing impressive issues last looking number page people percent post
Everyone's expecting, and should expect, that these companies will continue to post very impressive gains. A lot of these companies are still growing 30-50 percent per quarter. There will be other issues that people will be looking at. With Yahoo!, it may not be just revenues, it may be page views. With an Amazon, it may not just be revenues, it may be number of new customers they've acquired over the last quarter.
biggest change companies five late obviously past reasonably starting
The biggest change in the past five years is that you can find very reasonably priced companies and most are making money. That's obviously a big change from the late 90's when these companies were just starting out.
activity gain leaders leaders-and-leadership
In 1999, we'll see more consolidation activity as leaders gain more scale.
blue chip companies deal level market size
The IPO market right now is very weak. However, when you have a deal this size and this level of recognition, a blue chip company, generally, companies like this can supersede market conditions.
changed craziness internet wild
Something has changed (with Internet investing). You don't have the craziness of a wild IPO market.
earnings glass investors looking rather reports
Right now investors are looking at any earnings reports as the glass half-empty rather than half-full.
clear companies leader online potential sell space
Software.net has the potential of being a leader in this space and there are clear comparisons to Egghead.com, and also to some of the online companies that sell CDs. They're really not that much different.
bounce clear fourth last post quarter year
It's pretty clear the fourth quarter of last year was pretty horrific, and we didn't need much of a bounce to post these kind of returns.
growth high higher internet modestly paying
For many of the Internet leaders, you're paying a high valuation with only modestly higher growth prospects.
expecting people positive
It was a very positive sign. I think a lot of people were expecting a little sell-off.
flow news quite
The news flow (from companies) is still quite negative.
companies focusing players
We're focusing on companies that will be long-term players on the Internet.
internet nobody three took
Three years ago, nobody took the Internet seriously. We're in it for the long term.