European Perspective

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I just returned from visiting offices in Budapest, Munich, Berlin, London and Braintree, England. I would have included Paris, but a transport workers strike in France prevented a visit.

I ran into snow in Budapest and Munich. Great weather in London! I packed a lot into four days. I try to chat with as many or my colleagues as possible on these visits. I came away with a feeling of terrific morale and pride in what we are producing at Jupitermedia.

Jupitermedia's stock took a further tumble in the early part of the week but rallied a bit toward the end. It was a good opportunity for me to start buying stock. A member of our Board of Directors was a significant purchaser as well. I plan on buying more. I have done well over the years buying the stock of public companies that I have run on price declines. In the 1990s I did quite well doing this at Mecklermedia. In this decade I was a purchaser when JUPM got to $0.97 in 2001 (at other lows) when nobody believed in the company (it rose to $24 three years later). I cannot guarantee that our stock will rise again, but I believe that our content and related assets are worth significantly more than our present market capitalization of about $140 million. I am a long term believer and player. Good content always wins the day. Jupitermedia is loaded with great content.

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