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Downside® press reports

Excerpts from reviews
1.15.2001

Deathwatch:
Sites in Free Fall

COMPANY
2001 PROJECTED
DEATH DATE*
ESTAMP.COM FEB. 11
DRKOOP.COM MAR. 4
PRICELINE.COM MAR. 18
ETOYS.COM APR. 1**
DRUGSTORE.COM JUNE 26

* Burn rates computed from SEC filings
Jan 1 to Sep 30, 2000

** Based on SEC filings information
April to September 2000

DATA: WWW.DOWNSIDE.COM/DEATHWATCH.HTML

This box appeared on page 10 of Business Week for January 15, 2001. One of the companies mentioned was somewhat annoyed. We'd prefer a bit more explaination of how Deathwatch works when quoted in the press.

10.31.2000
"Click on the depressing Downside.com, which tracks the "death dates" of Internet companies, and look up two of the sector's biggies -- Engage and 24/7 Media. Downside examines the cash in the business, the quality of the revenue coming in the door, and the costs walking out the door. Unless these companies go out and raise new money -- and this is the toughest, harshest market for doing so in a decade -- Downside.com reckons outfits like Engage and 24/7 Media won't be around this time next year."
11.30.2000
" GO TO: www.downside.com/deathwatch.html immediately!!!!!!!"
(Andrew Serwer, "Daily Rant")
12.6.2000
"Who among us can't help but revel in the misery? For the survivors and sufferers alike, there's no better place to experience the God-awful truth than www.downside.com/deathwatch.html, home to cartoons of leering vultures, dopey daytraders, ledge-jumping maniacs, and the hard-nose investing sensibilities of John Nagle, an Internet pioneer and Silicon Valley-based new-media animator, who transformed his incredulity over wild-eyed dot-com valuations into a lusciously arch and informative Web site."
   
11.27.2000
"Following last summer's fuckedcompany.com, a host of sites sprang up to toll the bell for businesses that had exhausted their venture capital. This page - part of a larger site devoted to market-related pessimism - offers a less giddy variation on the same theme; it uses S.E.C. reports to calculate the date when a company's cash flow will peter out. By Downside's calculations, the search engine AskJeeves.com will run out of money in April of next year, and the digital-music giant MP3.com in May. Still, poisoning the well is a tricky business. Remember Mithridates; he died old."
10.30.2000
"Downside, 'the investor's reality check,' was chosen mainly on the strength of it's opening graphic, which is equally disturbing and hilarious. You'll also find an array of downward curving charts, discussions of Danish tulip crazes, and obituaries masking as business reports. "