Yipes! Its back!

We know gigabit ethernet services are in fashion these days, but does it make sense for Yipes to come back from the land of the living dead! And with another $64 million in venture capital. (When will the VCs learn for god sake!)

bq. Revenues went up 83 percent between July 2002 and June 2003, (CEO Dennis) Muse says. The company expects to see revenues double between this year and next, and Muse predicts profitability in 2004. Further, there will be even more funding to keep things going: The next round’s expected no later than March 2004, Muse says [Light Reading].

Despite high-octane optimism by the management, I am still skeptical of the Yipes and its business model