From SectorPlay.com...on GNET..
Go2net Profile
Go2Net offers a network of technology and community driven Web sites focused on: personal finance, search, games and commerce. Go2Net also develops Web-related software. It owns Silicon Investor, StockSite, MetaCrawler, WebMarket, HyperMart and PlaySite. Its stock has traded between the range of $3.50 to 99.50, however, most recently it has been trading around $64. Its revenue has been increasing in 100% multiples over the last few quarters. Its losses has been increasing just like the other internet startups as it tries to build up its lead over other portals. The next quarterly earnings are expected around November 2, 1999. Go2net internet portal site ranks ninth in page views among the internet portals.
Here are some of the most recent news highlight titles:
Hello Direct to be the telecom product provider for Go2Net's HyperMart small business center.
Go2net Announces joint venture with Vulcan Ventures, Charter Communications, RCN Corporation, and High Speed Access Corporation.
Audio Book Club expands marketing alliance with leading internet portal, Go2net.
Go2net launches small business web service, HyperMart Small Business Center.
Go2net hires Casey Long as Managing Directory, International Business to oversee Go2net's international Market strategies.
Go2net signs advertising pact with HomeSmart.com.
Network Solutions and Go2net announces advertising agreement for online web address registration and directory services
Analysis
With its steady news releases of important alliances and new e-commerce directions, this company seems to be poised for even further expansion and continued multiple increases of revenue growth. When you take into account that Paul Allen has taken a very sizeable interest in this company; and we all know that he has deep pockets and a proven track record with taking start up high tech companies and making them a successful gorillas, just the guidance alone of Paul Allen warrants the attention this company should be getting. Some of the web sites it owns are the leaders in their field. For example, Silicon Investor and HyperMart Small Business Center. Silicon Investor was one of the first chat groups created by the stock investors and it has a huge following and registered user base. Go2net seems to have cornered the market for the small and medium sized business sector with its HyperMart web site. HyperMart Web site offers free one-stop access to a wide range of services geared toward small and medium sized business, i.e. payroll processing, trademark searches and credit reports. This should prove to be a huge profitable venture as it already has 500,000 online business members and growing at the rate of more than 1500 new member businesses per day. The e-commerce is expected to keep growing by leaps and bounds and Go2Net has positioned itself in a perfect position to reap the benefits.
Other Buy recommendation
Black & Co., Inc has issued a report on Go2net Inc. Jennifer Jordan has increased 1999 EPS estimate from $0.13 to $0.17. The company reported 3Q99 EPS of $0.07 versus ($0.05) a year ago quarter. A BUY rating was reiterated based on an accelerating revenue outlook borne of the company's top 10 portal reach ranking with Media Metrix and the e-commerce capability available on its HyperMart site.
The earnings for the next quarter is expected around November the 2nd. There should be good news coming out from the company with good numbers. The stock is considerably off from its all time high. The stock should do quite well provided the sentiment towards the internet stocks stay healthy. |
