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Wednesday, July 23, 2003
Just Got a Hot Stock Tip from a Cab Driver Named "Jeeves"
No question, Teoma's a nice search engine. The butler character's always been cuddly and well-dressed, even though pretty easy to stump. But you just know valuations are getting out of hand when a competent business journalist (who also plays one on television) "discovers" ASKJ and says it "might not be too late" to own the stock... while remaining vague on such business fundamentals as earnings history, earnings projections, market share, and the volatility of online advertising prices.
Disclaimer: I'm not a business reporter. Nor do I play one on TV. Nor am I a telegenic investment adviser. Do your own research. But just so you know, Ask Jeeves processed 3% of US-based online searches in May 2003. This is pretty much all they do since selling off their enterprise division for pocket change. This company is not setting the world on fire.
Posted by
Andrew Goodman
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D'oh!
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