At the risk of being a bit one-eyed, doing a bit of a comparison...

At the risk of being a bit one-eyed, doing a bit of a comparison between SWT and DFT as similar capitalization ISP's.

They may have had 4 quarters of positive cashflow. HOWEVER, in their annual report DFT say they lost .86 cents per share last year. When your shares were around the 1 cent mark most of that year, thats big loss. Like BHP losing $10.00 per share. Even now, when DFT shares are 2 cents, thats a lot.

On the other hand, SWT have provided earnings guidance, which they seem to be exceeding, that will put them on a PE of around 3 by end of financial year, at this share price.

DFT say they have doubled their customers since DEC 2002. SWT have added 50 % of customers just in the last month.

DFT have achived customer growth through aquiring very small ISP's. SWT has generally done it via internal growth.

By the way, where did you get the 4 quarters of positive cash flow. Annual report says 2, and only one quarter elapsed since then.

I still think DFT is going to need to do a rights issue or raise capital somehow before it runs out of cash.

From what I can see, DFT has potential, but financially and growth wise, since they are similar size in market cap, SWT the better bet.