| To: rdmsqito who wrote (206) | 7/12/1999 10:18:00 AM | | From: rdmsqito | | | |
Juno and Splitrock Sign Agreement to Expand Access to Web; Juno
Will <JWEB.O>
Juno and Splitrock Sign Agreement to Expand Access to Web; Juno Will Add Hundreds of New Access Numbers for Its Members NEW YORK--(BUSINESS WIRE)--July 12, 1999--Juno Online Services, Inc. (NASDAQ: JWEB) announced today that it has signed a three-year agreement with Splitrock Services, Inc., a leading network provider, to make additional local Internet access numbers available for connection to its online services. This agreement will benefit Juno users in multiple ways. First, more users will be able to get online for the cost of a local phone call. The addition of Splitrock's network will provide access numbers in many new cities across the United States. The increase in Internet access numbers will also help ensure that Juno's users continue to have fast connection times. "Our agreement with Splitrock will increase ease of access and will help us continue to provide a high-quality service to our subscribers," said Wendy Rosenberg, vice president of telecommunications at Juno. "By expanding our network of local access numbers, our goal is to ensure that our members have the quick and affordable access to the Internet they expect from Juno." "We are pleased to provide Juno the additional access they need to expand service to their customers," said Bill Wilson, president and CEO of Splitrock Services. "Our access platform expands their reach today and has the capacity to grow with their customer base in the future. We look forward to delivering first-rate service to Juno's customers." About Splitrock Services Headquartered near Houston, Texas, Splitrock Services is building the first ATM-to-the-Edge(TM) network placing an ATM switch in every point of presence (POP ). Splitrock is completing a network that will have approximately 370 ATM-based POPs targeting 90% of US businesses and households through a local call. This ubiquitous nationwide coverage combined with an ATM switching fabric designed to carry data, video, and voice on one platform allows for the execution of a "carry anything, anywhere" business strategy. Because of the unified nature of the network platform, Splitrock offers the same level and quality of service in markets like Cheyenne, WY and Billings, MT as it does in Chicago, Boston, and other major markets. Splitrock's products and services include dial and dedicated Internet access, dial and edicated VPN, frame relay, and ATM to corporate end users, ISPs, and other telecommunications carriers. For more information, visit the company's Web site at www.splitrock.net (http://www.splitrock.net). 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 or Splitrock, 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 or Splitrock's reports and documents filed from time to time with the Securities and Exchange Commission. --30--tia/ny* CONTACT: Edelman PR Worldwide Anna Svaldi, 212/704-8288 E-mail: prsupport.juno.com or Juno Online Services,Inc. Becky Yeamans, 212/597-9005 E-mail: yeamansstaff.juno.com or Splitrock Services,Inc. Carol Singh, 281/465-1249 E-mail: csinghsplitrock.net Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire
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| To: rdmsqito who wrote (207) | 7/13/1999 9:46:00 AM | | From: rdmsqito | | | |
Juno Announces Expanded Nationwide Internet Coverage, Hundreds of
New <JWEB.O>
Juno Announces Expanded Nationwide Internet Coverage, Hundreds of New Access Numbers Increase Juno's Points of Presence to More Than 2,300 NEW YORK--(BUSINESS WIRE)--July 13, 1999--Juno Online Services, Inc. (NASDAQ: JWEB) announced today that it has added more than 400 new access numbers across the nation for use by members of its Internet services, bringing the total number of points of presence (POPs) that Juno offers to more than 2,300. This expansion reinforces Juno's position as a leader in offering local coverage throughout the United States. The rolling out of new POPs comes in part as a result of an agreement recently announced between Juno and Splitrock Services, Inc., a leading network provider. In addition, Juno has recently begun making available new POPs from other wholesale network vendors. The new POPs increase the number of distinct geographic locations where Juno(R) users can access the service with a local call by more than 40%, and bring the total number of places where Juno offers one or more POPs to more than 1,300, including more than 400 cities in which Juno did not previously offer local access numbers. "With these new points of presence, Juno can offer users a greater choice of access numbers than ever before, and more than almost any other access provider," said Wendy Rosenberg, Juno's vice president in charge of telecommunications. "No matter where in the country you live or travel to, the chances are excellent that Juno is there, and that you'll be able to use Juno to connect to the Web through a highly reliable 56 kbps v.90-compatible local connection." In combination with the release of version 3.0 of the Juno software (as announced in June), the new access numbers will make it easier for Juno subscribers to use all three levels of the company's Internet services. 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--mj/ny* CONTACTS: Edelman PR Worldwide Anna Svaldi, 212/704-8288 prsupport.juno.com or Juno Online Services, Inc. Becky Yeamans, 212/597-9005 yeamansstaff.juno.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire
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| To: SJS who wrote (205) | 7/14/1999 7:23:00 PM | | From: rdmsqito | | | | |
JWEB moves up 4 points(18%) today and not one single post here all day? Am I the only one that is happy to be still holding this stock? Any idea for the movement today? Nice vol too. |
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| To: rdmsqito who wrote (209) | 7/14/1999 7:55:00 PM | | From: SJS | | | |
Congrats. No...I still didn't re-enter. I wondered myself about it's move, but I'm sure you're happy!
Let me know what you find out.
Steve |
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| To: Bruce Dorval who wrote (211) | 7/15/1999 12:50:00 PM | | From: CoffeePot | | | |
Anyone care to explain why JWEB is selling for such a large premium over similar ISP's?
JWEB
market cap: $910,000,000
Billable services $5,806,000
Total revenues: $9,720,000
as of March 31, 1999,JWEB had approximately 207,000
billable service subscribers, consisting of approximately 86,000 Juno Gold subscribers and approximately 121,000 Juno Web subscribers. Since the launch of our billable subscription services, billable services revenues have increased, both in absolute terms and as a percentage of our revenues.
We currently offer our billable subscription services under a number of pricing plans, ranging from $2.95 per month for Juno Gold, billed annually in advance, to $19.95 per month for the Juno Web
*****************************************************************
FLAS
FLASHNET COMMS
Market cap $380,000,000
Consumer access services last quarter: $7,150,000
Total revenues $8,100,000
As of March 31, 1999, the Company had accumulated a subscriber base of
approximately 190,000 users, including approximately 3,000 customers for its business services.
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| To: CoffeePot who wrote (212) | 7/15/1999 7:10:00 PM | | From: Glenn Petersen | | | |
I have also been a bit puzzled about JWEB's valuation but I have now come to understand that it is about eyeballs. Think about it, they have over 7.0 MM people using their e-mail service. The following is Steve Harmon's take on NetZero, a U.S. based free ISP that filed its S-1 yesterday. He is suggesting that JWEB may switch to a free service.
fnews.yahoo.com
Thu Jul 15
NetZero IPO, More Than Zero?
By Steve Harmon
Senior Investment Analyst internet.com
"Where Wall Street Meets The Web"
Another of idealab's ideas is making its way to Wall Street: NetZero filed its first papers yesterday for IPO. The 'freebie give you Internet access if you'll view the ads and fill out a personal profile form service' has 1.17 million users in its first 8 months of operation. That just about matches the subscribers of oldtimer ISPs Earthlink (NASDAQ:ELNK - news) or Mindspring (NASDAQ:MSPG - news) --without the subscriber revenue, however. Big difference.
NetZero's claim to fame is it gives users a free PC, "free" being the focus word. Free if you consider sharing your personal info and enduring ad impressions in return for the box and net access.
In its latest quarter NetZero posted $903k revenue and $7.1 million net loss. Under 'Sources of Revenue' in the filing it's interesting to note the wording: SOURCES OF REVENUE..."We generate, or plan to generate, revenues from the following services."
Planning to generate revenue via sources. Hmmm. Maybe not so far-fetched if you think about 1 million users eyeballs glued to the PC getting ads, commerce pitches, sponsorship offers, direct marketing emails, bombarding them.
Consider that AOL basically sells sponsorships, displays ads, does some direct marketing. 17 million people subscribe to AOL. And pay AOL $21.95 per month.
While the early documents I reviewed don't specify the number of shares outstanding I estimate NetZero may find a market capitalization in the aftermarket in the Juno (NASDAQ:JWEB - news) range, about $900 million, despite Juno having substantially more revenue and users at this point. Juno provides free dial-up email services (an ESP, email service provider). I expect Juno to turn the switch on for free Internet access also since it's not difficult for Juno to do.
As far as pricing this at IPO I would value each user of NetZero at about $250 each, which is the median value per unique user for the top 10 Web sites.
NetZero is a long way off being a top 10 Website but I think the value per user applies somewhat. For comparison, in the pay ISP space, EarthLink is valued at about $1,400 per subscriber or about 470% more on a user to subscriber basis.
But keep in mind, and it should be stressed again, that the comparison is not apples to apples, more apple leaves to apples, with the pay service generating much more cash flow. In fact, EarthLink reported its second-quarter revenue July 14 of $78 million vs. $37.9 million 2Q98.
Without a monthly subscriber fee NetZero will have to deliver many more than the current 830 million ad impressions delivered in June to 613,000 active users that month. I expect that idealab's $7 million acquisition of defunct Pointcast could serve some advantage with NetZero as a way to deliver and track results. idealab owns 31% while Draper Fisher Jurvetson owns about 16% before the IPO. Compaq owns 8.7%.
Overall, I've always thought that the value of the entire food chain from ISP to user and back lies with the user. If NetZero can get to the 5 million or more level then I think it has something. Getting there from here requires that AOL, EarthLink or Mindspring sits still and does nothing to change their fee system, that NetZero can grow its brand recognition, and that it can maintain its users to deliver those ads and marketing impressions--its bread and butter.
If not then the term NetZero could take on a whole new meaning. Overall I think NetZero may get there, just as Dixon's in the UK (another upcoming IPO) has changed access in the UK forever. |
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| To: rdmsqito who wrote (209) | 7/22/1999 11:05:00 AM | | From: rdmsqito | | | | |
Juno Rolls Out Strategic Marketing Alliance With WingspanBank.com NEW YORK--(BUSINESS WIRE)--July 20, 1999-- Bank One's new Internet-only bank to market credit cards and banking services to millions of Juno(R) subscribers Juno Online Services, Inc. (NASDAQ: JWEB) and WingspanBank.com today jointly announced the rollout of a five-year strategic marketing alliance. This alliance could generate multimillion dollars of revenue for Juno if certain performance thresholds are met and the alliance runs to term. The alliance, originally entered into with First USA, gives WingspanBank.com certain exclusive rights to market credit cards and a selected set of banking-related services to Juno's millions of subscribers. The WingspanBank.com campaign, which began appearing over Juno in May, includes a coordinated campaign of interactive advertisements targeted to specific segments of Juno's subscriber base. Subscribers receive offers for a variety of WingspanBank.com products, including credit cards and certain consumer banking services ranging from checking accounts and CDs to consumer loans and financial planning tools. Subscribers can complete and submit applications for these products and services over Juno's secure proprietary network. "By working with WingspanBank.com, we can provide our subscribers not only with a wide range of top-quality financial services, but also with a level of convenience they can only get through the Internet," said Jordan Birnbaum, Juno's senior vice president of business development. "As more and more people bring their financial lives online, Internet and financial companies represent valuable business allies. We are excited to be working with WingspanBank.com." About WingspanBank.com WingspanBank.com (www.wingspanbank.com) is a subsidiary of Bank One Corporation (NYSE: ONE). WingspanBank.com is the new powerhouse in personal finance, offering consumers unparalleled freedom and choice in managing their money. WingspanBank.com provides consumers with a wide range of financial products and services brought together at one Web site, including traditional banking, investment and planning services, and objective search tools. 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--jc/ny* CONTACT: Edelman PR Worldwide Juno Online Services, Inc. Anna Svaldi Becky Yeamans (212) 704-8288 (212) 597-9005 prsupport.juno.com yeamansstaff.juno.com WingspanBank.com Jeff Unkle (302)594-8233 jeffunklewingspanbank.com Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com (c) 1998 Business Wire |
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| To: Burgoo who wrote (215) | 7/27/1999 9:36:00 AM | | From: Glenn Petersen | | | |
JWEB partners with Covad:
biz.yahoo.com
Tuesday July 27, 8:26 am Eastern Time
Company Press Release
Juno and Covad Communications Sign Broadband Agreement
Two-Year Agreement Marks Juno's Entrance Into the High-Speed Internet
Service Market
NEW YORK and SANTA CLARA, Calif.--(BUSINESS WIRE)--July 27, 1999--Juno Online Services, Inc. (NASDAQ: JWEB - news) and Covad Communications (NASDAQ: COVD - news), the leading national broadband access provider of Digital Subscriber Line (DSL) services, today announced an agreement that will make it possible for Juno to deliver high-speed Internet access nationwide. Juno users will be able to enjoy all the benefits of broadband access, including access to high-bandwidth multimedia content such as streaming video and audio over the Internet. Juno plans to launch Juno Express, the company's broadband service, in a pilot program later this year, with wider release planned for 2000.
Juno Express will add broadband services to Juno's current range of service offerings, which are designed to offer users a gradual migration path onto the Internet. Subscribers can start using Juno at any of three service levels, ranging from basic dial-up e-mail to full Internet access, and then ''graduate'' to higher levels of functionality as their familiarity with the Internet and their needs grow. With Juno Express, subscribers ready to upgrade from conventional dial-up access to broadband access will be able to do so from within the Juno user environment they are already comfortable using and without having to change their Juno e-mail address.
''Juno is known for its ease of use, and making a broadband service that is genuinely consumer friendly is one of our top priorities,'' said Charles Ardai, Juno's president and CEO. ''With Juno Express our goal is to offer a simple-to-use, reliable broadband service that appeals to mainstream consumers, not just to technophiles and 'early adopters.' Our agreement with Covad represents a major step toward realizing this goal.''
DSL technology provides high-speed Internet access over the copper telephone wires found in nearly all residences today. By using DSL technology, Juno Express can offer users data transfer speeds many times greater than those possible with ordinary modems, as well as a connection to the Internet that remains on continuously, eliminating the need for users to dial into Juno's central computers each time they want to use the Web or send and receive e-mail. Covad's DSL network, the largest in the U.S., already brings high-speed Internet access to 15.4 million homes and businesses, and the company plans to expand its reach to more than 28 million homes and businesses by the end of 1999.
''This agreement will meet the growing demand for today's always-on, higher speed access for delivering media-rich applications for a large number of Americans,'' said Robert Roblin, Covad's executive vice president of marketing. ''Juno Express will help users have access to the unlimited potential of the Internet as an avenue for personal and business growth and success.''
As part of their agreement, Juno and Covad have agreed to jointly fund research into consumer preferences with regard to broadband services, through surveys of both the Juno subscriber base and potential subscribers.
About Covad Communications
Covad Communications Company is the leading provider of high-speed Internet access to large enterprise customers and (through Internet Service Providers) to small and medium-sized businesses and home users. Covad services are currently online in 16 regions, encompassing 37 Metropolitan Statistical Areas. Service is available in the San Francisco, Los Angeles, Seattle, Sacramento, New York, Boston, Washington D.C., Baltimore, Chicago, Philadelphia, San Diego, Atlanta, Detroit, Minneapolis/St. Paul, Denver and Portland metropolitan areas. Covad has announced its plans to offer its services in a total of 22 regions encompassing 51 Metropolitan Statistical Areas nationwide by the end of 1999. Covad Communications Company and its affiliates, doing business as Covad Communications Company, are wholly owned subsidiaries of Covad Communications Group, Inc. (Nasdaq: COVD - news). Its corporate headquarters are located at 2330 Central Expressway, Santa Clara, CA, 95050. Telephone: 1-888-GO-COVAD. Web site: www.covad.com.
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.
For more information about Juno, or to get a free copy of the Juno software, visit the company's Web site at juno.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts may be deemed to contain forward-looking statements, including, but not limited to, deployment of the Company's network in new and existing regions and the timing and breadth of coverage in each region. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the Company's dependence on strategic third parties to market and resell its services, intense competition for the Company's service offerings, dependence on growth in demand for DSL-based services, availability of collocation space and facilities, ability to manage and scale operations, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. The Company disclaims any obligation to update information contained in any forward-looking statement.
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, New York
Anna Svaldi, 212/704-8288
pr@support.juno.com
or
Juno Online Services, Inc., New York
Becky Yeamans, 212/597-9005
pr@support.juno.com
or
Covad Communications, Santa Clara
Suluh Lukoskie, 408/844-7754
slukoski@covad.com |
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