from dotcomscoop. It impacts you holders... What happens when you give credit cards to a bunch of dotcommers? They get laid off and miss their payments. Which brings me to NextCard, the subject of so many shareholder lawsuits that the Capital One mob is chasing the company. The Feds have told NextCard to clean up its act and become respectable. So NextCard is up for sale and one of my killer sources says the San Francisco-based NextCard is finding no takers and will most likely shutdown during the first quarter of 2002. The company needs to have enough cash on hand to manage fradulent charges and such; it ain't looking pretty. One has to wonder how a company's quarterly revenue chart looks like this: Sep 30, 2001: $54,546,000 Jun 30, 2001: $105,107,000 Mar 31, 2001: $53,331,000 Sep 30, 2000: $48,289,000 (Dates listed indicate end date of quarter)
