VVTV - "Home Shopping Network" of the Internet Message Board

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Technology Stocks : VVTV - "Home Shopping Network" of the Internet

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To: Taby who wrote (306)	7/9/1999 2:24:00 PM
From: HEXonX	of 350

Here's one: uesday June 22, 6:16 pm Eastern Time RESEARCH ALERT - ValueVision gets a buy CHICAGO, June 22 (Reuters) - Craig-Hallum Capital Group Inc. said Tuesday it initiated coverage of ValueVision International Inc., the third largest home shopping network, with a buy rating. ValueVision offers its programming at about 15.4 million full-time equivalent (FTE) homes in the United States. It also operates a couple of small catalog companies that are in the process of being sold. ValueVision also holds a 15 percent stake in NetRadio, an online broadcasting company. Craig-Hallum said ValueVision's new chief executive was brought in to turn the company around and forge a new business strategy. Since that time, Gene McCaffery has increased distribution, significantly raised average revenue per household, sold off non-core assets and made the company profitable. Shares of ValueVision closed up 7/16 to 19-3/4. HEX

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