Archived posting to the Leica Users Group, 2002/02/04

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Subject: RE: [Leica] Re: OT> PayPal update
From: "Austin Franklin" <darkroom@ix.netcom.com>
Date: Mon, 4 Feb 2002 15:39:10 -0500

Pretty much, these days, it's a way for the initial investors and employees
to "cash out".  It used to be they actually had to work for their
money...and hopefully, the PayPal IPO will sink like a lead balloon.

IPOs used to be to raise cash to operate/expand the company...which I don't
know what PayPal needs to expand, and I would hope they are operating at a
profit as of now...

Austin

> Hey, wait a minute. All the IPO thing means, as we can see from the
> deflation of the balloon, is that someone thinks they have a way
> to get rich
> quick - ;-)
>
> B. D.

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