Forum Archive Index - October 2000

["P Maiden" <pmaiden@xtra.co.nz>]

Good site to have a look at - along with fuckedcompany.com.. There are many more companies to go broke yet.

 

Daniel - you might be interested that the founder was offered $10M for his this site a while go. I don't know if the sale went ahead.

 

 Interesting that Ariba (ARBA) is included and has a death date of May31 2001.

 

This is one of the biggest B2B software businesses around. Ariba software is used by many of the large corps in the world.

 

No doubt cash is being used up in a big way.  Deathwatch has done the research that Ariba will run out of cash next May.

 

With a share price over $125 I'll watch with interst developments.

 

I am sure that some (if not many) of the new wave companies in NZ have the same sort of problem coming up, Alright spending big up front but if revenue aspirations do not eventuate the cash has to run out some time - unless a white knight comes along might find themselves in the same boat.

 

Revene aspirations of a lot of NZ companies are pretty high. These aspirations were based on a lot of hype and estimates of the future state of the markets these companies are in. There is also a lot more competitionaround as well.

 

Seeing when cashflows could run out is an interesting sort of exercise  -  especially the sensitivities around receiving less than forecast revenues. An exercise I might have a go at in respect of some NZ companies. When I get around to I'll share the outcomes.

 

Peter