MAKE MONEY NOW — DON’T ASK ME HOW

“Yeah, yeah, very hot, blah blah blah. I like businesses that make money now.”

James J. Cramer, infamously goateed hedge fund manager and chairman of TheStreet.com, responding to a question about Internet auction house eBay (not his own unprofitable financial publishing venture), TheStreet.com/Yahoo Chat transcript, 19 August 1998

Advertisements

A BAILOUT – THAT’S A STRATEGIC BENEFIT, RIGHT?

“From the standpoint of CitySearch’s IPO, the strategic benefits of the merger are even more compelling than the prospect of pursuing an independent path as a public company.”

CitySearch CEO Charles Conn, on the merger of his company with USA Networks’ interactive division, which spared him an embarrassing Wall Street debut, News.com, 13 August 1998