Working All Day, But Trading Behind the Bosses Back Thread Message Board

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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread

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To: Mark[ox5] who wrote (295)	1/29/1999 9:00:00 PM
From: puborectalis	Read Replies (1) of 779

Mark..I just love this new IPO (TUTS)today.............................................................................................It is also targeting the home networking market, a now nascent industry that is forecast to surge. Market research firm Yankee Group forecasts there will be about 5 million new home networks by 2000. Tut's 1998 loss widened from the $9.2 million it lost in 1997 on revenue of $6.2 million. Also boosting interest in the Tut's IPO was backing from heavyweights such as Microsoft Corp ., which owns a 9.9 percent stake in Tut and an alliance with Intel Corp ., the world's largest maker of computer chips. Kevin Hause, an analyst at International Data Corp., said earlier this week that Tut will also benefit from the emergence of home networks and continued acceptance and roll-out of DSL technology and services. "We definitely believe that phone line-based networking has the most momentum today and it will continue in the foreseeable future," Hause told Reuters.

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