Technology Stocks | eCollege going to IPO (ECLG)


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To: KENNETH DOAN who wrote (13)12/16/1999 5:55:00 PM
From: BigAppleBoy   of 27
 
Mr.Kenneth,your OPTO looks like it has a sinking momentum rather ECLG which almost recover.What ECLG has,is what we call Wall street love and that is the most important thing in a stock,in other words,you know how some CEO's go to CNBC and get hammered,ECLG instant was promoted,and,to top it off the most important of all is the underwriter which in this case is Bank of American(The largerst Institution on Earth).They are the ones that will push or pull a stock to whatever direction they like to.
I think based on float and Wall street support ECLG will fly some time soon.Unique idea with no competition,realistic plan with no hype and speculations,and already establish customers.

Keep an eye on it,this will be the stock that some days will be on the top list of the most gainers of the day.

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To: KENNETH DOAN who wrote (13)12/16/1999 7:57:00 PM
From: buckhead26   of 27
 
I sold this morning at 14. I will check out the OPTO.

Thanks,
buckhead26

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To: Frank Chu who wrote ()12/16/1999 11:32:00 PM
From: buckhead26   of 27
 
Article from ForbesECollege needs Business 101

By Nicole Koffey

NEW YORK. 4:35 PM EST-ECollege (nasdaq: ECLG) opened today at $13, slightly above its $11 price. The company's lukewarm reception may be a sign of a saturated IPO market, but more likely it reflects concerns surrounding this distance learning company's ability to turn a profit in such a low-margin business.

The company is aiming to capitalize on a trend that has been garnering a lot of attention lately, both from academics as well as Wall Street. Distance learning engages students in interactive classes over the Internet, eliminating geographic boundaries that constrain the education industry.

The concept of being "present" in class is changing as the Internet and certain software applications enable companies to leverage technology to bring the classroom experience virtually everywhere. By using the Internet to host online classes and simulate university campuses, eCollege is expanding the market for many of the universities with which it partners.

ECollege partners with colleges and universities to create classes and campuses over the Internet. In 60 days, the company claims to deliver an online campus, complete with faculty and administration training. Services include instructional design, course development, course certification, evaluation and research services, enrollment marketing and a 24-hour help desk.

The company charges $30,000 for the comprehensive service and then collects an incremental fee for each additional course that the university adds. ECollege also charges a fee for each additional student that enrolls in the class. Because the upfront cost to its clients is low, eCollege reaps the benefit of a performance based revenue model that takes advantage of its access to students across a vast geographic expanse.

The market for distance learning originally targeted people living in rural areas who were looking to take classes, either for career advancement or to finish an uncompleted degree. The idea was that by using the Internet, people who would not usually have access to education could attain it simply by logging on from their own PC or a library computer. Recently, however, companies such as eCollege have recognized the need for their service at universities where students want a broader choice of classes.

"For classes that demand face to face interaction, such as business administration or science, there is a serious element that is eliminated by the Internet," says John Dalton, an analyst at Forrester Research. "But for classes in the humanities where there is less interaction, its simply not necessary to teach the course in an actual classroom."

In addition, many professors today are focused on research and don't spend a lot of time interacting with and thinking about students, especially at the undergraduate level. The added value of being in a physical classroom for some classes is minimal.

Although the service undoubtedly offers value to students looking to enhance their education, it does so at significant costs. Developing and implementing school curriculums are expensive. Education companies such as the reputable Academic Systems (which was bought by Lightspan, a private company) have rolled out well designed curriculums which nonetheless failed to be financially successful.

ECollege's cost of revenue is also absurdly high. The line item, which represents the cost of designing and developing courses, was $2.1 million in 1998. Revenue, for the same period, was $1.1 million, bringing the company?s gross margin to a loss of $400,000.

"The costs associated with developing curriculums have always been outlandishly high. Ultimately overcoming those costs will be this company's biggest challenge," says Dalton.

Moreover, eCollege assumed $7.0 million in operating costs for the same period; $3.4 million of which was marketing expense. If eCollege wants to grow its top line substantially, it will need to establish a stronger brand name and more recognition among universities. This is especially important in an industry where brand name is very important.

In terms of getting the big names it needs, the company is making headway. Within the last two months, both Harvard and Princeton have hinted that they are considering signing on with eCollege.

The company currently has contracts with over 80 schools. They include California State University, Hayward, University of Colorado, Drexel University, Keller Graduate School of Management, University of Pennsylvania, Seton Hall University, and the National Association of Realtors.

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To: Frank Chu who wrote ()12/20/1999 4:35:00 PM
From: Steve Simmons   of 27
 
E-College was not the first. Here is a little company from Ottawa (semi-spinoff from Newbridge Networks) that does the same thing and even more that went public just days before ecollege and its market cap is MUCH LESS !: Learnsoft Corporation announces successful initial public
offering

Symbol: LT
Industry: CPR
Subject: INI
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS

FOR: LEARNSOFT CORPORATION

CDNX SYMBOL: LT

DECEMBER 10, 1999

Learnsoft Corporation announces successful initial public offering

OTTAWA, ONTARIO--Learnsoft Corporation, a world leader in delivering
management training programs to the advanced technology industry, announced
today that it has successfully closed its initial public offering. The IPO consisted of 3,750,000 million units at a price of $0.20 per unit, for
proceeds of $750,000 and 6,350,000 common shares issuable upon exercise of
6,350,000 special warrants for an additional $1,270,000 in equity funding.


Learnsoft's common shares and special warrants are listed on the Canadian
Venture Exchange (CDNX) under the symbol "LT" and began trading this
morning. Canaccord Capital Corporation acted as the underwriter for
Learnsoft's initial public offering.

The net proceeds from this offering will be used for development of
courseware for Learnsoft's executive Master of Business of Administration
(eMBA) programs, Internet-based Electronic Management Training (eMT), and
Linux- and Java-based application software for the company's One World
Schoolhouse, a software technology platform that supports interactive
Internet and Intranet courses. In addition, proceeds will be used for
marketing and distribution of these products.

"We are extremely pleased with the outcome of this initial public
offering," said Michael Gaffney, president and CEO of Learnsoft Corporation. "We feel that we have developed the world's best technology
platform for computer-based distance learning and the money raised enables
us to continue development of our products.

"Our initial public offering also enables us to launch a national and
international marketing campaign," Gaffney said. "And it provides a
mechanism for our shareholders to recognize the value of both Learnsoft and
its leading-edge technology."

About Learnsoft Corporation

Formed in 1996 by Michael Gaffney, after leaving Newbridge Networks
Corporation, Ottawa-based Learnsoft Corporation (CDNX: LT) was created in
response to the growing training requirements of the fast-paced high
technology industry. Learnsoft has quickly become a highly respected
education provider and a world leader in designing and delivering
educational products and software. The company has tapped into the growing
market for electronic learning by offering online education products,
ranging from individual interactive business courses to an entirely
Internet-based university. Clients have included: Bell Canada, Nortel Networks Ltd., Cisco, Telus, Newbridge Networks Corporation, and Aliant
Communications. For more information, please visit Learnsoft's Web site at
www.learnsoft.ca.

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To: Steve Simmons who wrote (17)1/11/2000 9:00:00 PM
From: Candle stick   of 27
 
Time to BUY ECLG...yesterday BofA Securities put a "strong buy" reccomendation on the stock with a 30 dollar 12 month target, and today ECLG signed a deal with Microsoft....the stock has done nothing (still 11) probably due to the large drop in Nasdaq today....but once the market discovers it , ECLG should pop to 15-17 in one day....here is the MSFT news link:

biz.yahoo.com 

eCollege.com Partners with Microsoft to Deliver
Office 2000 Faculty Productivity Courses

DENVER, Jan. 11 /PRNewswire/ -- eCollege.com(SM) (Nasdaq: ECLG - news) today announced that it has been selected
by Microsoft (Nasdaq: MSFT - news) to deliver online Microsoft Office 2000 productivity courses for faculty members.
These courses will be offered through the eCollege.com eCourse(SM) management system and are intended to create
greater awareness of how Office 2000 can be used to create richer, dynamic course content for both on-campus and online
delivery. The series of productivity courses is scheduled to begin in February with a two week course in Microsoft
PowerPoint© 2000, designed to educate faculty on the world of possibilities the software has to offer.

``This initiative is yet another extension of the deep partnership we have established with eCollege.com over the last few
years,' said Joe Powell, marketing manager for higher education online learning initiatives at Microsoft. ``Recent research
indicates that helping faculty make effective use of instructional technology is often cited as one of the biggest challenges
facing higher education. These online workshops, focusing on the latest products, Office 2000 and Windows 2000,
demonstrate our continued commitment to supporting educators in applying information technology to improve education.
eCollege.com's expertise and reputation for high quality delivery will enable us to meet that commitment.'

Microsoft will provide the qualified instructors and content to teach the courses while eCollege.com will build an online
Microsoft campus, allowing potential faculty members to log in and register for these courses online. Space is limited and
acceptance into each course is on a first come, first serve basis. Faculty can also sign up now for a trial demo of
eCourse(SM), a complete online delivery system for distance education, and they can try eCompanion(SM), an online
supplement to enhance the teaching process in the traditional classroom and increase student interaction outside the
classroom, at the eCollege.com Web site (http://www.eCollege.com).

``In partnering with Microsoft in this endeavor, we are confident we will all be able to achieve our goal -- to successfully train
faculty members to create the richest and most dynamic learning environment possible for their students,' said Rob Helmick,
president and CEO of eCollege.com. ``Through the Office 2000 online courses, we will give faculty members the necessary
training and tools to further advance the entire teaching and learning experience.'

For more information, please visit ecollege.com 

About eCollege.com(SM)

eCollege.com(SM) is a provider of technology and services that enables colleges and universities to offer an online
environment for distance and on-campus learning. Comprised of educators and technologists, eCollege.com partners with
institutions such as Rutgers University; Johns Hopkins University; University of Colorado; Drexel University; San Francisco
State University; and Seton Hall University to deliver course content in a highly interactive and engaging educational manner.
eCollege.com's eTeaching Solutions(SM) help educators incorporate the Internet into their courses, from basic course
management, to online components, to full online course delivery. They are available for single and multiple course or
campus-wide adoption. eCollege Campus(SM) is the company's comprehensive online campus offering. eCollege.com's
professional services include intensive faculty training and support in course development and instructional design, evaluation
and research services, enrollment marketing, and 24x7 Help Desk support. The company was founded in 1996 and is
headquartered in Denver. For more information, visit www.eCollege.com.

This release may contain forward-looking statements as well as historical information. Forward-looking statements may
involve known or unknown risks, uncertainties and other factors that may cause the company's actual results and
performance to differ materially from the company's outlook. Such forward-looking statements speak only as of the date of
this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein
to reflect any changes in company expectations or results or any change in events.

eCollege.com, eTeaching Solutions and eCollege Campus are servicemarks of eCollege.com. All other trademarks or
registered trademarks are the property of their respected owners.

SOURCE: eCollege.com


and the upgrade link:

biz.yahoo.com 

...its at the bottom of the list......;^)

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To: Candle stick who wrote (18)1/12/2000 12:39:00 AM
From: BigAppleBoy   of 27
 
I have bought over 3k shares of ECLG and I am very surprise the stock is not trading near 20 after the news we saw today.Looks like MONT had a huge sell order on line today...he stay at 12 selling like there is not tomorrow!!!!

Well I am holding for the big run!!

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To: Frank Chu who wrote ()1/13/2000 9:26:00 AM
From: Steve Simmons   of 27
 


NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS



FOR: UNEXSUS UNIVERSITY

CDNX SYMBOL: LT

JANUARY 13, 2000

First-ever online Orientation Week underway

FREDERICTON, NEW BRUNSWICK--Unexus University Executive MBA
program begins classes as scheduled; Early adopters of Unexus
University's Internet-based Executive MBA begin classes on Jan.
17.

Students of Unexus University, the world's first private,
Internet-based, degree-granting university, are participating this
week in the first-ever virtual Orientation Week in preparation for
the Jan. 17 start of Unexus's inaugural program, the Executive
Master of Business Administration (eMBA).

Unexus University's online eMBA program, a 2.5-year program
targeted at managers in the advanced technology and information
technology sectors, is providing its first students with an online
Orientation Week that includes introductory information about the
program, as well as ways for students to connect with faculty
members and other students.

"We are extremely pleased to welcome our first set of eMBA
students," said Michael Gaffney, president and CEO of Learnsoft
Corporation, the Ottawa-based company which owns and administers
Unexus. "We hope the Orientation Week that we have organized
enables students to comfortably ease into the start of the
program."

A dozen early adopters from such high-profile companies as Nortel
Networks, Maritime Tel & Tel, Cisco Systems, GE Capital, and
Atomic Energy of Canada are participating in the Orientation Week
and will go on to start classes next week.

"We are excited about the launch of our inaugural class and look
forward to communicating the benefits of online education to the
more than 25,000 individuals and potential students that have
called us or visited our Web site," said Gaffney.

"Orientation Week allows the students to get accustomed to their
online working environment, and it helps facilitate communication
- which is critical to the educational success of the students,"
said Gaffney. "Much of the work in the eMBA is done in groups. By
familiarizing themselves with other students before class begins,
students can build a rapport and start to build their teams."

Students logging onto the Orientation Week site can correspond
with other students or staff via threaded discussions groups,
online synchronous chat, e-mail, and voice-over IP. Students can
even log onto a "Virtual Pub" discussion group and socialize with
each other.

The Orientation Site hosts the students' first mini course on such
topics as ethics, the nature of management, and how organizations
function. Students complete various readings and activities based
on themes set each day. Students can also get practical
information on how to use the Unexus online system, including how
to submit assignments and get technical support. As well, the site
provides students with advice on how to succeed academically, and
successfully manage an online education.

The eMBA students begin class on Jan. 17 with an interactive
Financial Accounting course that runs until Feb. 25. Other courses
on a variety of topics, including Principles of Economics in the
Knowledge Economy, Technology Marketing Strategy and Electronic
Commerce, follow.

"The students who have signed on for the first Unexus eMBA are
trend-setters prepared to forge into new territory," said Gaffney.
"We are confident that we will be able to exceed the expectations
of our current and future students in terms of course quality and
delivery."

About Unexus

Unexus University is the world's first private, Internet-based,
degree-granting university. Based in Fredericton, New Brunswick,
Unexus University is owned and run by Learnsoft Corporation (CDNX:
LT), a world leader in designing and delivering management
training programs with an emphasis on the advanced technology
industry. Unexus University was launched in fall of 1999. The
university provides its students with access and support 24 hours
a day, 7 days a week. Most of its course material, textbooks and
classroom sessions are Internet-based, with students logging on at
their convenience. More information on Unexus University is
available on the Internet at www.unexusu.com.

The Canadian Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.

-30-


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To: BigAppleBoy who wrote (19)1/21/2000 5:51:00 PM
From: Eric Lee Smith   of 27
 
I bought a few shares of eclg last week. My brother-in-law works there and is positive about their prospects. I bought the shares mainly so I'd have a subject of conversation with him. We'll see how it goes. I'm skeptical about the whole idea of distance learning for colleges.

E

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To: BigAppleBoy who wrote (19)6/14/2000 7:29:00 PM
From: Eric Lee Smith   of 27
 
Still holding on to eCollege? I hope you got out before the collapse.

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From: cmg3/16/2005 9:01:50 AM
   of 27
 


How Much Is an Online Degree Worth?
by Emily Wengert
In a time not so long ago, online degrees were questionable, frowned upon, even considered worthless. Could someone really sit at home, stare at a screen, and learn as much as someone sitting in a classroom?


Many educators doubted it. It seemed the lazy man's way of learning. But new research suggests that stigma is not only fading, but transforming into eLearning accolades. Recently, an in-depth study from Sloan Consortium, a group supporting online education, confirmed what advocates of cyber-academics had been saying for years: Online learning can be just as good as -- if not better than -- a classroom degree.


"A majority of academic leaders (57 percent) believe learning outcomes for online education are equal to or superior to those of face-to-face instruction," proclaims the Sloan study.

TAKE ACTION
Leading online schools:

University of Phoenix Online
Kaplan University
AIU Online
Capella University
Walden University
View All
One of those academic leaders -- James Sherwood, Ph.D., dean of University Extension, the continuing education branch of The University of California at Berkeley -- elaborates. "Coming out of World War II and getting into the '60s and '70s, there was a kind of stigma associated with distance education. That has certainly changed," says Sherwood. "Because of video streaming, chat rooms, and all the other kinds of technological advances, traditional faculty is becoming more comfortable."


Both Sides of the Coin


Dr. Michael Otaigbe has had the unique chance to compare both types of learning. A classroom professor for 15 years, Otaigbe began teaching online two years ago through Strayer University. And, this semester, he's teaching the same course -- Sociology of Comparative Religions -- both online and in a classroom at Strayer's Woodbridge, Va., campus.


Though he initially struggled to adjust to not having face-to-face time with his students, he has found that his online class generates a level of motivation he hadn't expected.


"Online, I have the freedom to require contributions. Every week, my students have to submit essays and participate in group discussions," Otaigbe says. "I get a better sense of the learning process."


Whereas in a classroom setting, students must respond instantly during discussions, he explains, the online students have more time to research an answer and reflect on what to say before posting a response.


"In fact, what I have learned from the online class, I have used to improve my class teaching," Otaigbe says.


Otaigbe has also found inspiration from his online students, some of whom -- unlike his classroom students -- come from all over the world, which benefits the other online students as well.


"I have students from Japan, from China," says Otaigbe. "I know my student from India contributed a lot when we were talking about Hinduism."


Recruiter's Perspective


The online degree may get respect from educators now, but that's not enough if the rest of the world doesn't follow suit. In some ways, a degree is only as good as the opportunities it affords. Fortunately, recruiters have already begun to recognize the value of an online degree, says John Dooney, manager of strategic research for the Society for Human Resource Management, an association of HR professionals.


"Typically, a person with an online degree is someone who is also working in an organization, so they have experience," says Dooney. "You're getting someone who has the total package."


Formerly an employment manager for 15 years, Dooney admits that online degrees weren't always looked upon positively. "Ten years ago, people just weren't sure," Dooney says. "But now, I don't think people say 'Oh, they're not working hard.'"


As corporations have started using distance learning in their continuing education offerings, it has become more and more accepted as a way to earn a degree as well, he says. Sherwood, who has 20 years of experience running distance learning programs, however, does caution that not all programs are equal.


"One factor is the institution itself," Sherwood says. "If the institution offers on-site degrees and those degrees aren't worth anything, then obviously their distance degrees aren't either." He also advises a level examination of an academic discipline. "Some fields lend themselves to distance education, and some are more difficult to do at a distance." For example, advanced degrees with a serious lab work component might be a struggle to complete through an exclusively online format, he says.


As online learning continues to evolve into a well-respected educational option, perhaps the Sloan Consortium was on to something when it stated that almost one-third of academic leaders "expect that learning outcomes for online education will be superior to face-to-face instruction in three years." Perhaps your online degree will be worth even more than you think!

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