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![]() StarMedia (STRM) (Page 2)
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| Author | Topic: StarMedia (STRM) |
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dude |
Microsoft announced this week that it's buying 27% of the #1 cable company in Brazil, Globo Cabo. This should help the internet's growth in Latin America, which means more demand for portals, which means more traffic for StarMedia... |
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InvestorGuide Weekly Administrator |
Article about the IPO: http://www.redherring.com/insider/1999/0526/inv-starmedia.html |
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Lee R |
The good news: StarMedia.com's page views grew from 7 million a month in December 1997 to about 61 million in December 1998. The bad news: They lost $45 million on revenues of just $5 million last year. Summary: Too early to tell much about this company's long-term prospects, but definitely worth watching... |
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Mayor of Investorville Administrator |
StarMedia Network's starmedia.com web portal is the world's largest Spanish-language Web site and features local content from Latin American and U.S. newspapers as well as email, bulletin boards, and home pages. StarMedia generates revenue through ecommerce and advertising. Chase Venture Capital Associates owns about 27% of the company. CEO Fernando Espuelas and president Jack Chen, who co-founded StarMedia Network in 1996, each own about 14% of the company. The company filed to go public in March and the IPO is expected in late May. (source: SEC filing) |
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