The only thing that draws me to this company is the industry they are operating in -online advertising which is expected to boom along with technology to capture worthwhile eyeballs.But I would give any stock a very very low PE unless I am sure it has really found a niche which will give it a sustainable leadership.Perhaps Buffet's joke about failing the candidate who attempted to value an internet company is valid here because neither the shape of technology to come nor future/existing competition is known except the fact that its all likely to be disruptive?

All the same we can investigate further-maybe?

Congrats....

Plz have a look at this company....

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Northgate Technologies(CMP: 851)

 

Globe7 – A Web 2.0 Application

Globe7 is the World’s first (patent pending) VoIP powered Internet TV. Globe7 users can make Free International Calls across the Globe by watching Free Videos on Globe7.

Milestones

Successfully Launched on February 26, 2006 More than 22 Million Downloads More than 1.9 Million Users World wide Users spreading in more than 187 Countries including Antarctica Generating Billions of Ad-Impressions Ranked as World’s # 1 VoIP service provider (source: www.myvoipprovider.com) Launched co-branded Lycos phone in partnership with Lycos., USA

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Reliance Growth Fund and the "media" man Prateek Agrawal's ABN Amro Future Leaders is holding this stock in their portfolio.Thats the sole reason behind this post.