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Michael Eisenberg
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Michael Eisenberg is a venture capitalist with Benchmark Capital, who also writes his own blog Six Kids and a Full Time Job (http://sixkidsandafulltimejob.blogspot.com/). He adds a perspective -- often on Internet stocks -- from an earlier-stage professional investor. Disclosure: Benchmark... More
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Benchmark Capital
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Sixkidsandafulltimejob.blogspot.com
  • Babylon Up Almost 5% On Tel Aviv Stock Exchange Today! 0 comments
    Jul 20, 2009 12:22 PM | about stocks: PERI

     I have written a lot about Babylon and Incredimail, which are driven by the same fundamental business model: Google ad clicks and search. I am not sure what drove it, but Babylon (on Tel Aviv Stock Exchange) had a huge move today, closing up 4.59%. I can only assume that Tel Aviv is finally starting to catch up with the move in MAIL. MAIL will pay out its dividend 8 days from today to Shareholders of record as of July 13th. I wonder whether Babylon may follow the same path, given the cash on the balance sheet and the profits it is throwing off. See today's Babylon chart below.

    Chart of Babylon from July 20, 2009

    Full Disclosure: Long Babylon and MAIL

    Stocks: PERI
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