Subject: Re: Netflix
Here is a comparison of NetFlix and Youtube

          Netflix     Youtube
Q1        $10.54B      $ 8.93B
Q4        $10.25B      $10.47B
Q3        $ 9.82B      $ 8.92B
Q2        $ 9.56B      $ 8.66B
          -------      -------
          $40.17B      $36.98B

Multiple    11.5x        11.5x?
Value       $464B        $425B?