To: Ken Whiteside who wrote (189) | 6/29/1999 10:29:00 AM | From: rdmsqito | | |
From MarketWatch marketwatch.multexinvestor.com
*bold mine
Change of Opinion OMKT, EWBX, JWEB among Upgrades
by Dean Tomasula June 29, 1999
The following article was featured in the June 24th edition of Multex.com, Inc.'s weekly newsletter, The Internet Analyst.
PaineWebber on June 21 upgraded the shares of Open Market Inc. (OMKT) to a BUY rating, from NEUTRAL. The brokerage also raised its 12-month price target to $25, from $14. The brokerage said it raised its rating because of Open Market's "continuing growth and visibility in e-commerce" and the improving demand for e-commerce products.
The company has grown its e-commerce products revenue to $8 million in 1Q99, from $3 million a year earlier. For 2Q99, the company is forecast to show a loss of $0.10 per share. This is expected to decline in 3Q99 to $0.03 per share and to a loss of $0.01 per share in 4Q99. For 1999, analysts forecast Open Market will post a loss of $0.22 per share. There were 14 new reports about the company added to the Multex.com database for institutional investors last week. In May, research on the company was accessed 50 times.
The shares of EarthWeb Inc. (EWBX) were raised by Volpe Brown Whelan to a STRONG BUY from a BUY on June 18, with a price target of $68. "We believe that IT professionals will increasingly turn to EarthWeb as a 'one-stop-shopping' source for more and more of their information and service needs," said the brokerage.
Volpe Brown Whelan forecasts a loss for 2Q99 of $1.15 per share and a loss for 3Q99 of $0.92 per share. For 1999, the brokerage expects the company to report a loss of $3.68 per share. That figure is expected to decline to a loss of $2.28 per share for 2000. The brokerage noted that EarthWeb looks very cheap at current levels and recommends purchase of the stock. There were 10 new reports about the company added to Multex.com's institutional database last week. In May, research on the company was downloaded once.
Goldman Sachs on June 16 added the shares of I2 Technologies Inc. (ITWO) to its RECOMMENDED LIST, an upgrade from its previous rating of MARKET OUTPERFORMER. "We believe that I2 is strategically positioned to capitalize on the emerging business-to-business e-commerce market," the brokerage said, "but investors will likely continue to be apprehensive at the end of each quarter, as large deals wait to be closed." For 1999, the brokerage forecasts EPS of $0.32 and EPS of $0.71 for 2000.
PaineWebber on June 21 initiated coverage of Juno Online Services Inc. (JWEB) with a BUY rating and a 12-month price target of $56 per share. "We believe Juno, like America Online (AOL), is a hybrid between the subscription-based ISP model typified by Earthlink Network Inc. (ELNK) and MindSpring Enterprises Inc. (MSPG), and the advertising-based model of Yahoo Inc. (YHOO), and is developing a richer model of subscription plus advertising that positions it well for long-term growth and sustained profitability."
For 2Q99, the brokerage forecasts a loss of $0.58 per share for Juno, and a loss of $0.49 per share for 3Q99. For 1999, it forecasts a loss of $1.85 per share and a loss of $1.76 per share for 2000. |
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To: tsunami who wrote (180) | 6/30/1999 10:42:00 AM | From: tsunami | | |
<JWEB>
I covered in 21 1/2 - 22 1/2 range.
I guess as long as the takeover rumour is out there without either company denying it (although it doesnot make any sense to me), stock might trade in this range.
IMO JWEB is not worth 1/10th of where it is trading at.
good luck all, t |
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To: rdmsqito who wrote (195) | 7/1/1999 9:51:00 AM | From: rdmsqito | | |
Juno Becomes Charter Member of iAdvance; Industry Leaders Join Forces to Promote Open Access to the Internet NEW YORK--(BUSINESS WIRE)--June 29, 1999--Juno Online Services, Inc. (NASDAQ: JWEB) today announced that it has become a charter member of iAdvance, an Internet advocacy group headed by former Representative Susan Molinari (D-NY) and former Presidential press secretary Mike McCurry. iAdvance was formed to promote public policy initiatives to ensure the availability of high-speed Internet access, and of greater choice among high-speed access providers, to all Americans. Other charter members of iAdvance include Bell Atlantic and Gateway. In addition to its efforts in support of widespread, high-speed Internet access, iAdvance plans to work toward establishing universal standards for Internet interfaces, lobby for legislation to eliminate federal regulations that limit the development of nationwide broadband services, and promote large-scale corporate investment in all aspects of national and global telecommunications markets. Its primary focus will be to support the development of a safe, efficient, and inclusive Internet architecture that will serve all segments of the U.S. population. With millions of subscribers throughout the United States, Juno brings to iAdvance considerable experience in creating and maintaining large-scale, national Internet services. Since Juno works with several carriers to provide its subscribers with access to more than 1,900 dial-up points of presence across the country, the company also brings to the coalition experience in converting multiple local and regional network components into a coherent national user experience. "We're delighted to be a part of iAdvance," said Roger Stone, who heads the Juno Advocacy Network, the Washington, D.C.-based division of Juno that focuses on public policy issues. "By promoting open competition, by lobbying against restrictive legislation, and by working toward nationwide standards that make accessing and using the Internet simpler and cheaper for everyone, iAdvance can do much to ensure that the Internet revolution doesn't leave out large segments of the population." About Juno Online Services, Inc. Juno Online Services, Inc. is a provider of Internet-related services to millions of computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail--which is provided to the end user for free--to full, competitively priced access to the World Wide Web. Since the launch of Juno's basic e-mail service in April 1996, more than 7 million total Juno accounts have been created. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of advertising, and from the direct sale of products to Juno subscribers. This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including without limitation any statements as to future events or future financial results of Juno, may be significantly and materially impacted by risks and uncertainties. In evaluating such statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation factors described in Juno's reports and documents filed from time to time with the Securities and Exchange Commission. --30--flb/ny* CONTACT: Edelman PR Worldwide, New York Anna Svaldi 212/704-8288 prsupport.juno.com or Juno Online Services, Inc., New York Becky Yeamans 212/597-9005 yeamansstaff.juno.com |
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To: SJS who wrote (198) | 7/2/1999 12:39:00 AM | From: rdmsqito | | |
Volume has tailed off, up a point yesterday and almost another one today. It even flirted around 25 this afternoon. I'm comfortable unless it was to go under 20, which I doubt at this point. If JWEB or AOL wanted to deny the rumors I really think they would've done so by now. I'm not saying I think the takeover rumor is true, but maybe some kind of strategic alliance. PW target of $56 gives us plenty of room to move. Looking good to me at the present, don't like to see too much volatility. I think we will know by Wed or Thurs if this uptrend the past 2 days is for real. |
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To: SJS who wrote (198) | 7/2/1999 11:06:00 AM | From: freeus | | |
Maybe.. VVVBG I'm still in: Brown cancelled by sell at 26 because Fidelity hadnt sent over the shares. (I still dont have control of the shares) So I'll wait, who knows we may get a triple. We are coming into a short bull market so anything goes!!!!! Freeus Happy Independence Day to all....wish we could have our bill of rights back in force for July 4th and all the days after. |
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To: freeus who wrote (200) | 7/8/1999 3:47:00 PM | From: freeus | | |
wow this is a quiet thread....mine from days ago was still the last message. Got out at 26 so still got my double: Juno is holding up well, I think. Good luck to all longs. Freeus |
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To: SJS who wrote (202) | 7/8/1999 7:11:00 PM | From: freeus | | |
Congratulations...on the profitable juno sale. I'll have to go see what GALT is. I just got into today's for a little while too..init. Freeus |
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To: SJS who wrote (202) | 7/10/1999 11:19:00 AM | From: rdmsqito | | |
Juno Launches Major Branding Campaign and 'Everybody's Getting It' Business Wire - July 09, 1999 17:09 NEW YORK--(BUSINESS WIRE)--July 9, 1999--Juno Online Services, Inc. (NASDAQ: JWEB) today announced the launch of a major new brand advertising campaign--its largest ever, and the company's first in more than two years. Called "Everybody's Getting It," the campaign was conceived and designed by DDB Worldwide in New York, and reflects the history of intense pass-along activity that has helped Juno grow into one of the largest Internet audiences. Juno provides Internet-related services to millions of people throughout the United States, many of whom were first introduced to Juno by a friend or relative.
The new campaign, which began early last month, includes television, radio, and outdoor advertising. Total billings for 1999 are estimated to be in excess of $25 million. DDB, which was awarded the Juno account in December 1998, is responsible for Juno's external marketing communications including advertising, interactive marketing, and direct marketing.
"Extensive consumer research showed us that many potential Internet users suffer from something we call 'connection paralysis,'" said Patrick O'Hare, group planning director at DDB New York. "People want to go online, but they don't know how, or they're afraid to take the first step. Juno makes that first step unusually easy, and has already done so for millions of people. That's the key fact the campaign was designed to communicate."
"People look to other people they trust when deciding which Internet service to choose," said Steve Landsberg, co-chief creative officer at DDB New York. "The message in the 'Everybody's Getting It' ads that 'Doug gave it to Madeline' and 'Jeff gave it to his mom' and 'Dr. Marsh gave it to his patients' is a tongue-in-cheek way of letting people know Juno members like the service enough not only to use it themselves, but also to recommend it to friends and family."
"Ever since the service was launched, Juno has benefited hugely from word-of-mouth," said Bob Cherins, executive vice president of sales and marketing for Juno. "Our members are very vocal in expressing their positive feelings about the service: they tell their friends and family that Juno is simple to use, reliable, and uniquely user-friendly. This is exactly the message we are now spreading to a wider audience, through advertising on television, on radio, and through other media."
About DDB Worldwide
DDB Worldwide is the largest advertising agency in the United States and the third largest agency worldwide (based on consolidated gross income). The agency has 206 offices in 96 countries and is acknowledged as one of the most creative of the industry's multinational networks, based on its dominance of advertising award competitions.
About Juno Online Services, Inc.
Juno Online Services, Inc. is a provider of Internet-related services to millions of computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail--which is provided to the end user for free--to full, competitively priced access to the World Wide Web. Since the launch of Juno's basic e-mail service in April 1996, more than 7 million total Juno accounts have been created. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of advertising, and from the direct sale of products to Juno subscribers.
This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including without limitation any statements as to future events or future financial results of Juno, may be significantly and materially impacted by risks and uncertainties. In evaluating such statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation factors described in Juno's reports and documents filed from time to time with the Securities and Exchange Commission.
CONTACT: Edelman PR Worldwide Anna Svaldi, 212/704-8288 E-mail: pr@support.juno.com or Juno Online Services, Inc. Becky Yeamans, 212/597-9005 E-mail: yeamans@staff.juno.com or DDB Worldwide Jeffrey De Francesco, 212/415-2036 |
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