UKNM: Freeserve: "a colossal gamble" (FT/Lex)

[Ray Taylor]

Anyone going to admit to setting aside some funds for a flutter?


Will the flotation be followed by a UK version of the US Internet South

Sea bubble?


And how long does anyone give it before it bursts?


Dixons will no doubt make a killing regardless, but is the City doing us 

any favours by its wild guessing of Freeserve's market value. One 

wonders whether the gents in stripy trousers have got a clue what it all 

means anyway.


Loyal customers of a "portal" may well be worth �1500 a head (purse) 

but can Freeserve subscribers be regarded as loyal customers?


If anyone cares to stump up a mere 1% of Freeserve plc's projected value 

(for the first few weeks of its existence) I would be delighted to be 

able to help them launch a UK portal that will piss all over Freeserve 

by Christmas.


Ray Taylor

NMC/Adplan


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