because investors up here tend to be conservative by nature, which makes the Internet a very scary place. That said, Tucows Inc.
stands out because it's based in Toronto and it's the fourth largest domain
name supplier in the world. (Makes me want to belt out a rousing rendition of "Oh Canada"). The company gained a big supporter earlier this year when Mark Cuban acquired an 8% stake. This is Cuban's second stab at a Canadian dot-com. His initial foray - Mamma.com Inc.
- ended rather inauspiciously when Cuban abruptly sold his 6.6% stake after taking issue with a private equity offering
done by Mamma. It probably didn't help that Mamma is being investigated
by the SEC. Anyway, I'm digress. Tucows picked up analyst coverage -
well, one analyst - after long-time shareholders decided to unload 22
million, or about 30% of the company, three months ago. One of the reason that Desjardins Securities
analyst David Shore is bullish on Tucows because of its Blogware blog publishing tool, which competes against TypePad,
Blogger, etc. What makes Tucows interesting is it doesn't sell
directly but through a 6,000 network of ISPs and Web hosting
companies. The stock is selling for less than $1 a share, which means
Cuban probably spent his daily per diem on his stake. For more details
about Tucows, check out my story in today's Financial Post.
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Tucows Looking for Love
by
Mark Evans
on Thu 24 Nov 2005 02:37 PM EST | Permanent Link
Canada doesn't have too many exciting dot-com plays - perhaps
because investors up here tend to be conservative by nature, which makes the Internet a very scary place. That said, Tucows Inc.
stands out because it's based in Toronto and it's the fourth largest domain
name supplier in the world. (Makes me want to belt out a rousing rendition of "Oh Canada"). The company gained a big supporter earlier this year when Mark Cuban acquired an 8% stake. This is Cuban's second stab at a Canadian dot-com. His initial foray - Mamma.com Inc.
- ended rather inauspiciously when Cuban abruptly sold his 6.6% stake after taking issue with a private equity offering
done by Mamma. It probably didn't help that Mamma is being investigated
by the SEC. Anyway, I'm digress. Tucows picked up analyst coverage -
well, one analyst - after long-time shareholders decided to unload 22
million, or about 30% of the company, three months ago. One of the reason that Desjardins Securities
analyst David Shore is bullish on Tucows because of its Blogware blog publishing tool, which competes against TypePad,
Blogger, etc. What makes Tucows interesting is it doesn't sell
directly but through a 6,000 network of ISPs and Web hosting
companies. The stock is selling for less than $1 a share, which means
Cuban probably spent his daily per diem on his stake. For more details
about Tucows, check out my story in today's Financial Post.
Comments
Re: Tucows Looking for Love
by
Toby Ward
on Fri 25 Nov 2005 03:17 AM EST | Profile | Permanent Link
Have I just not noticed or has Microsoft been quietly waiting on the blogging sideline? Of all the things they dominate, you have to think this is going to be one are that they will jump on one day... in some form or another whether through an existing product like FrontPage, SharePoint or as a stand-alone...
Keep up the good work mark! -Toby Re: Re: Tucows Looking for Love
by
Mark Evans
on Fri 25 Nov 2005 08:03 AM EST | Profile | Permanent Link
MSN Spaces has come out of nowhere - i think it has more than 4M users. The problem with MSFT, at least recently, is they get into new areas late in the game and often can't get themselves into the lead - look at search, paid-search, blogging.
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