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Technology Stocks
SPYG in the mid-teens
An SI Board Since August 1996
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219 1 0 SPYG
Emcee:  Daniel DuBois Type:  Unmoderated
I'm having trouble understanding the under performance of this stock, and thought maybe people in this forum would have opinions as to why it's price is so (relatively) low.

Spyglass has announced they'll be releasing a proxy server with SurfWatch filtering. First, SurfWatch is the filtering market leader, so this product should do well in schools, and family-oriented ISPs. Then, you have the corporate Fortune 100 companies that don't want their employees spending all their working hours at the ESPNet (or techstocks :) website. Acording to the press release "Organizations may also create customized profiles of sites they wish to block or allow". I would think there will be great demand for this functionality.

Spyglass also announced record earnings for the tenth quarter in a row, something foreign to most if not all of the Internet plays out there. Course, that announcement came out right around that huge NASDAQ tech plummet, so maybe the good news fell on deaf ears.

And, finally, they recently announced deals with Wells Fargo Bank, NASA, and Ohio State University, and while that's none of these are in and of themselves a huge deal, because Spyglass announces those sorts of things all the time, it's like the market didn't even notice or care.

I was looking through an analysts's old review of the stock and they had forecasts for earnings expectations over the next 2 years. So far SPYG is on track. (Last summer Alex Brown thought 96 sales would be 16mil, and Duff and Phelps thought they'd be 23mil -- through 3 quarters Spyglass is at 15.7mil already. Typically the 4th quarter is the best as last year 4th quarter sales were over 1/3rd of revenues.) Based on these numbers, Duff and Phelps thought we'd be at $28 (actually $56, but the post split equivalent is $28). So if a fair price is mid twenties, what's the heck is the stock doing at $15?!?

I guess I'm just peeved that I bought at $34, and again at $20, each time thinking it was a steal. ;)
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219 LLOYD, SPENT LAST TWO HOURS DECIDING WHAT IF.... for fun only...what would you paul goldstein-5/9/1998
218 Spyg makes the Saturday online version of the Wall Street Journal. Bullish arlloyd bashaw-5/9/1998
217 LLOYD, great detective work. appreciate it.. i think we will see a reaction monpaul goldstein-5/9/1998
216 As a bonus it appears that Reuters called SPYG late in the day about the activilloyd bashaw-5/9/1998
215 The following release was picked up by daytraders. Spyg went to 12 on 5 times lloyd bashaw-5/9/1998
214 HI ROSALIE,, so it appears there are two spyg bulls. you and me<grin> welpaul goldstein-5/8/1998
213 IMO, the low 10's looks good to me. I, too, am positive about the company.mrc-5/8/1998
212 january 30,19997 did i miss anything in the last 15 months?? o well, i am into paul goldstein-5/7/1998
211 Here is a interesting article on Navio. techweb.comUriel Yepes-1/30/1997
210 To all: Today's disclosure is definitely in favor of Spyg. Not only is theUriel Yepes-1/22/1997
209 UY- What European operations ? Do you consider England as Europe ? I don't s palermo-1/16/1997
208 Today's announcement seems good , although i don't know much about intUriel Yepes-1/16/1997
207 Here is a nice article from, Tuesday January 14 9:24 AM EST SRay Jacobson-1/14/1997
206 Here is a quick article released this morning, cross licensing agreement. VieCurtis Gruber-1/9/1997
205 GH- I think you can post by sending to yourself. SP-s palermo-1/8/1997
204 Anyone care to offer an opinion on how Windows CE, Pocket Internet Explorer etGreg Hodgins-1/8/1997
203 I think the reason is pretty simple. did you ever price their proxy server ? George R Janz-1/7/1997 Try this URL, it got me to the article quicker..... Thanks RobertCurtis Gruber-1/7/1997
201 " Internet Appliances Will Rise While PC Sales Slow, IDC Says" bloomRobert Giambrone-1/7/1997
200 JB,I agree. May buy 100 more SPYG this week myself.GARY SIKORSKI-1/7/1997
198 Spyg up again today. Today as well as Friday SPYG trading on the upside only, Curtis Gruber-1/6/1997
196 SPYG not afraid to take on the MSFT gorilla. Good for them--they deserve whatGARY SIKORSKI-1/5/1997
195 You're right, Nick. They do have a good cash position, as well as a good cKhris Vogel-1/3/1997
194 You might want to look at previous financial statements to see what SPYG has asNick Witthaus-1/3/1997
192 I think you are right in that MSFT and SPYG will work this out. I do have a liKhris Vogel-1/3/1997
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