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December 30, 2004

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Rex Hammock

To clarify my "tens of millions" comment referenced above. I did not say anyone was investing tens of millions in a blogging business. I was referring to the majority owner of a certain "blogger" company that sold it for stock to a certain pre-IPO search engine company. When that certain search engine company went public, that persons resulting share value is estimated (by certain people who know) to be valued in the "tens of millions." So, you are corrrect. No one is "putting in" tens of millions in blogger companies. But at least one blogger company person has "taken out" tens of millions.

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