Software company for sale on eBay

[John Foust]

At 09:40 AM 5/3/2005, Vintage Computer Festival wrote:
>Actually, at $128,000, and assuming the revenue figure is accurate, it's
>priced about right.  As long as one can maintain the contracts (i.e. keep
>existing customers) and the contracts aren't based on some legacy
>technology that's being quickly phased out of the marketplace, it wouldn't
>be a bad investment.

Just to keep it vintage, I've seen a few eBay auctions of small
old one-owner software companies who made interesting products 
Back In The Day, and they have generally highly overestimated the value
of their company.  

If their software can only be used in California, that limits the 
value.  If the continuity of their contracts is based on personal 
contacts and history, they can easily be replaced and revenues 
can drop to zero.

But with the ultra-brief description on the auction, we're both guessing.

- John