Doesn't make sense to me. Excite didn't buy because it's placing a bet on Throw, a service it acquired which allows small bands of people to create communities. The amount of clicks on Angelfire home pages doesn't matter as much as you may think. It's the person or persons behind the Web page that matter as potential customers. An ad-network model provides a better way of leveraging the Web than a software application model.
Services win over apps.
In the future the distinction will be gone as services engulf apps altogether. Software becomes the invisible means to the end goal. Although I have failed to understand the historical absolute valuation of equities for the last two years, your recent work on quantifying the next economy equities has been clear and ground breaking. And the beat goes on . . . Information contained in this newsletter is provided as an information service only.