Well, something's happening... WEBB's just quietly and gently crept up and above $10. Rather snoozy down there at the 8-9 band. wonder if this STRONG BUY will influence?
I'm out, and have been for some time. Any advice on this beginning to be interesting again?
Here are the news:
DENVER, March 20 /PRNewswire/ -- Cohig & Associates, Inc. research analyst
Dave Lavigne increased the rating of Online System Services, Inc.
(NASDAQ:WEBB) to a Strong Buy, with a twelve month target price of $20 per
share.
In a release today, Online announced that it has entered into an agreement
to acquire Durand Communications, Inc. of Santa Barbara, California. Lavigne
notes that this acquisition positions Online favorably to take advantage of
the tremendous business opportunity presented by the proliferation of the
Internet as well as by the inroads Online has already made with respect to
existing business relationships including cable companies, wireless operators
and both E-commerce and E-banking entities.
Online System Services, Inc. (http://www.ossinc.net), based in Denver,
Colorado, develops a turnkey product and service package that puts broadband
operators in the high-speed Internet service and local Web content business.
The product offers customers new revenue streams from access and interactive
services, including content, commerce and online transactions. Online System
Services' clients include TINTA, TCI's international group; InterMedia
Partners; American Telecasting, Inc.; RE/MAX International; and Rockwell
Federal Credit Union.
Founded in 1993, Durand Communications, Inc. has built a strong reputation
for creating and supporting online communities and electronic commerce
applications. Durand's principal offerings include CommunityWare
(http://www.communityware.com), an advanced set of tools, applications and
services for building virtual communities on the Internet; and Pangaea Network
(http://www.pangaeanetwork.com), a distance learning network serving colleges,
schools, associations, and businesses.
Information and statements contained herein, other than historical
information, should be considered forward looking, which involve risk and
uncertainties. Cohig and Associates, Inc., its officers, directors and
affiliates may maintain positions in the securities referenced which may
change at any time without notice. Cohig is a market maker in the common
stock of WEBB. Cohig acted as managing underwriter of a public offering of
WEBB's common stock and warrants in 5/96. The securities referenced are
speculative in nature and may not be suitable for your investment objective.
Additional information is available upon request.
SOURCE Cohig & Associates, Inc.
-0- 03/20/98
/CONTACT: Billi Hart or Dave Lavigne, both of Cohig & Associates, Inc.,
303-694-0295/
/Web site: pangaeanetwork.com
/Web site: communityware.com
/Web site: ossinc.net
Kim |
