3 May
2005
3 May
'05
11:39 a.m.
At 09:40 AM 5/3/2005, Vintage Computer Festival wrote:
Actually, at $128,000, and assuming the revenue figure
is accurate, it's
priced about right. As long as one can maintain the contracts (i.e. keep
existing customers) and the contracts aren't based on some legacy
technology that's being quickly phased out of the marketplace, it wouldn't
be a bad investment.
Just to keep it vintage, I've seen a few eBay auctions of small
old one-owner software companies who made interesting products
Back In The Day, and they have generally highly overestimated the value
of their company.
If their software can only be used in California, that limits the
value. If the continuity of their contracts is based on personal
contacts and history, they can easily be replaced and revenues
can drop to zero.
But with the ultra-brief description on the auction, we're both guessing.
- John