| To: Manx who started this subject | 9/30/2000 4:30:54 PM | | From: Duke-N-Duke | | | | Hall of Shame Time, Congratulations PaineWebber
12/20/1999 14:13
Juno Online Services Reiterated `Buy' at PaineWebber
Juno Online Services Inc. (JWEB US) was reiterated ``buy'' by analyst James Preissler at PaineWebber Inc. The 12-month target price is $120.00 per share.
Last Trade
Sep 29, 2000 · $4
Quarterly cash burn based on most recent 2 quarters = 45 MM/Quarter.
Cash on hand as of 6/30/2000 = 85 MM.
Expiration date scheduled for December 2000 based on above stated rate of cash burn, ironically the same date we're due for $120/share as per James Preissler at PaineWebber Inc.
The following is from the SEC Division of Enforcement Complaint Center and may prove useful:
How Do I Submit My Complaint?
Our Email Address is: enforcement@sec.gov
Our Mailing Address is:
SEC Division of Enforcement
Enforcement Complaint Center
450 Fifth Street, N.W.
Washington, D.C. 20549-0202
Our Fax Number is:(202) 942-9570 |
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| To: Manx who started this subject | 10/11/2000 12:32:32 AM | | From: Duke-N-Duke | | | | Freei Files for Bankruptcy
Friday October 6, 8:20 pm Eastern Time
TheStandard.com
By Dominic Gates
Freei Networks, also known as FreeInternet.com, a free ISP that operates nationally and is based in Federal Way, Wash., filed for Chapter 11 protection Friday and announced that NetZero will acquire its assets.
It is expected that Freei users will be referred to NetZero's service. "Our intent is to provide maximum continuity for FreeInternet.com users," NetZero CEO Mark R. Goldston said in a statement. "NetZero intends to help FreeInternet.com users transition as smoothly as possible, so they can continue to enjoy the benefits of free Internet and e-mail." NetZero is based in Westlake Village, Calif.
The move comes a week after the company laid off 90 employees because it was having trouble meeting its payroll.
At the time, Freei CEO Bob McCausland refused to confirm rumors of a buyout.
As with the earlier layoffs, Freei employees who had lost their jobs were given scant notice to pack up their things. "They gave everyone 3 minutes to get out, and those were their exact words," said one former staffer who had been laid off in a previous round.
Freei was the fifth-largest free ISP in the U.S. after 1stUp.com, NetZero, Spinway and Juno. It launched December 1998 in the Seattle metropolitan area before expanding nationwide. Since then, it has registered 3.2 million users, though only 40 percent to 45 percent of them actively use the service.
Like other free ISPs dependent on ad revenue, Freei had tried to broaden its revenue base through partnerships, affiliate programs and by offering private-label and co-branded versions of its service. Nevertheless, it burned through money. In 1999, the company lost $19 million on revenue of only $983,000.
The free ISP's demise came despite strong financial backing. It raised an initial $10 million in August 1999 from Sequoia Capital, a venture capital firm in Menlo Park, Calif. That investment also added Mark Stevens, managing director of Sequoia, to Freei's board. In November, Freei raised an additional $25 million, almost half of which came from MP3.com, where Stevens also is a director. In March, the company raised a hefty $53 million in private financing, including approximately $5 million from InfoSpace. Naveen Jain, CEO of InfoSpace, also took a seat on FreeInternet's board. Freei filed for an IPO on March 31, just before the market turned south.
The free-ISP model has proved popular with customers, but it has raised doubts among investors about a company's ability to sustain itself on advertising revenue alone.
Check out The Standard's Dot-Com Layoff Tracker for a look at which sites have cut workers or closed up shop. Also, e-mail any tips on layoffs or closures to layoffs@thestandard.com. |
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| To: Fuzzy who wrote (492) | 11/15/2000 1:46:28 PM | | From: im a survivor | | | | Anybody buying JWEB in here........Looks like a deal with AOL/TW is near. At this level, seems live risk level is low while potential is tremendous. I dont think anybody see's jweb revisting it's $85 or so high in the near future, but certainly a naz rally, and deal with the new giant aol/tw, could certainly propel this to $7 for a double.....$20 for a 6 bagger...$30 for a ten bagger......
JMO
keith....looking for bargains with minimum downside and possible explosive upside |
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| To: im a survivor who wrote (496) | 3/1/2001 4:07:38 PM | | From: AJ Berger | | | | Anyone know where you can get free Email Access?
Juno used to do Free Email including the ISP connection to the InterNet, but only for Juno Email, not for Browser Access. Well, somehow they must have discontinued this service cause now their Free Basic includes a Browser with tons of Marketing pumped into your screen. Does anyone know of a genuine Email only Access system for people who don't want to expose their kids to Internet Access, but at least want them to still be able to use Email!? |
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| To: im a survivor who wrote (498) | 4/27/2001 11:12:24 AM | | From: Ms. Baby Boomer | | | | Juno to hook up with AOL
By Erich Luening
Staff Writer, CNET News.com
April 26, 2001, 6:45 a.m. PT
Internet service provider Juno Online Services said on Thursday it has inked a deal with AOL Time Warner to deliver high-speed Web access over the Time Warner Cable network.
Time Warner Cable will agree to market and sell Juno Express, a high-speed Internet access service, to its customers.
Under the terms of the agreement, which is subject to approval by the Federal Trade Commission, the deal will go into effect after Time Warner Cable modifies its network to accommodate multiple ISPs. The companies expect the service to begin in the second half of the year.
The Juno deal is the second ISP agreement reached by Time Warner Cable. In November, the company signed a pact with EarthLink.
The Juno deal ends a trial program conducted by Time Warner Cable and the ISP in Columbus, Ohio, that began in July.
In the wake of the government scrutiny that surrounded the merger of America Online and Time Warner, many ISPs have benefited as a result of demands put on the company to keep its cable networks open to competing Internet service providers.
news.cnet.com |
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