Gordon Tomlinson (gordon++at++paradigmsim.com)
Thu, 01 Apr 1999 14:16:19 -0600
Avi Bar-Zeev wrote:
>
> Silicon Valley Internet Startup Wows Wall St.
>
> [Wall St. Journal -- Paid subscription required]
>
> March 31, 1999 -- San Jose -- Silicon Valley is
> full of people who want to be just like Jeff --
> Jeff Bezos, that is -- with his nearly $20 billion
> dollar valuation. It's the e-craze. The Interet
> Gold Rush(tm). And it seems everyone and their dog
> now has a dot com website, poised to go public on
> the NASDAQ.
>
> In the latest e-business to make the climb up Wall
> St, a quiet computer graphics engineer has hit pay
> dirt.
>
> Angus Dorbie used to spend his days answering
> obscure customer questions on a small technical
> email list. Now he's President and CEO of
> Dorbie.com, featuring "e-Angus"-- automatic
> interactive Q&A on any topic and the newest thing
> to take the web by storm.
>
> "Dorbie.com used to be about specialized computer
> graphics techniques," says Angus from his posh
> Palo Alto offices. "We added an auction site for
> used SGI computers as a favor to some folks. It
> tooks off so well that we added books, games, and
> even movies -- all featuring computer graphics."
>
> Indeed, very quickly Angus Dorbie was getting
> flooded by requests for more computer graphics
> material. He hired a small staff and moved his
> web site out of his office and into a lush four
> story building. Today, the empire is worth nearly
> half a billion dollars.
>
> Profits?
>
> Following the model of profit-less Amazon.com and
> early Yahoo, Dorbie took his concept to Wall St
> internet power-broker Cooperstein Brandish. "It was
> a marriage made in heaven," notes Cooperstein's
> chief analyst, Harvey Wallenbach. "Dorbie.com was
> poised to be the next Go. It was like Inktomi for
> graphics. I knew it would be a smash."
>
> Indeed it was. Dorbie.com (Nasdaq: ADRB) finally
> went public yesterday after months of rumor and
> speculation. In its first eight hours of trading,
> It nearly tripled it's IPO price of $17 per share
> to settle in at a cool $51.
>
> And traders are eagerly awaiting tomorrow's
> opening bell. Will the stock resume its upward
> climb and take its place among the heavyweights?
> Amazon, AOL, and now Dorbie. Only time will tell.
>
> -22-
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--
Regards
Gordon.
Gordon Tomlinson | Multigen - Paradigm Inc Vega Software Engineer | Suite 400, 14900 Landmark Blvd Email: gordon++at++paradigmsim.com | Dallas, Texas 75240, USA Tel: 972 960 2301 | Fax: 972 960 2303 ______________________________________________________________
'Smoke me a kipper skipper, I'll be back for breakfast' ______________________________________________________________
640K of ram should enough for anybody. Bill Gates 1981
There is no reason anyone would want a computer in their home (Ken Olson, president of Digital Equip Corp 1977 ) ______________________________________________________________
This archive was generated by hypermail 2.0b2 on Thu Apr 01 1999 - 12:09:23 PST