IPO Madness.It's no surprise mere rumors of an Internet strategy at Mexican media giant Televisa gave its share price a boost recently: Wall Street doesn't care about the financial fundamentals, it's just starving starve v. starved, starv·ing, starves v.intr. 1. To suffer or die from extreme or prolonged lack of food. 2. Informal To be hungry. 3. To suffer from deprivation. for Latin American Internet startups. Since Spanish-language portal StarMedia paved pave tr.v. paved, pav·ing, paves 1. To cover with a pavement. 2. To cover uniformly, as if with pavement. 3. To be or compose the pavement of. the way with its US$105 million initial public offering, Quepasa.com ($48 million), Spain's Terra Networks Terra Networks, S. A., usually referred to as "Terra", is an Internet multinational company with headquarters in Spain. Part of Telefónica Group (the former Spain's public telephone monopoly and now one of the most important telecommunications companies in the world), Terra ($334 million) and El Sitio Latin internet portal founded in 1997, by Roberto Vivo-Chaneton and Roberto Cibrian-Campoy. Founded in Argentina, El Sitio was considered one of the principal Spanish language internet companies of the late 1990s dot-com boom. ($131 million) have followed suit.
JANUARY-SEPTEMBER 1999, IN US$ MILLIONS
Net Loss Revenues
StarMedia -62.9 11.1
Terra networks -39.7 18.1
Quepasa.com -21.1 0.1
EI Sittio -13.9 1.5
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