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  Clous, 16 Apr 2001 @ 2:19pm

  
  

  Jackpot Enterprises, Now J Net

  Another company that would be interesting to look at /track is JNet Enterprises (NYSE: J):
  
  http://cnnfn.cnn.com/MGI/snap/4876N.htm
  
  They had completely switched their business model about a year ago, from a slot machine operator to venture fund for b2b businesses. They had a lot of extra cash and thought that turning into a venture fund would provide a higher return-on-equity (ROE) than investing in growing their core buisness.
  
  Now the stock is down to $3.80, and trading at a PE ratio of 3.8. The last investment I could track was eStara, a developer of live Web voice solutions for eBusiness:
  
  http://www.cnbc.com/news/news/conewsstory.html?sym=J&id=307b8478
  
  Wonder if they will switch strategies back to old economoy slot machine operation model or not?
  
  Wonder what their strategy will be.

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• 

  ScooterBoy, 16 Apr 2001 @ 2:42pm

  
  

  zapata?

  does this mean that zap.com (formerly zapata) is going to go back to their ol' fish oil business? i've always thought that fish oil was a growth industry.

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  • 

    Mike (profile), 16 Apr 2001 @ 4:26pm

    
    

    Re: zapata?

    And sausage casings. Don't forget the sausage casings.
    
    I believe the last announcement was that zap.com was (1) separate from the fish oil part of the business and (2) dead dead dead.

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    • 

      Ed, 16 Apr 2001 @ 9:42pm

      
      

      Re: zapata?

      Zapata was responsible for 4 of the 101 dumbest moments in e-commerce history recently posted. According to that, zap.com has been dead for years. And before it died, it was spun off: "The marine protein people don't want to know about the Internet, and the Internet people don't want to know about marine protein..." quoth the CEO.

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