Hoover's Inc (HOOV) Message Board

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Technology Stocks : Hoover's Inc (HOOV)

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To: A.L. Reagan who wrote (783)	6/13/2001 6:57:38 PM
From: John Finley	Read Replies (1) of 848

They like us.... They really like us!! Hoovers, (HOOV: news, msgs, alerts) which operates an online business information Web site, is Lewis' top pick. The company has 2.5 million unique users to its service, and it charges $2,750 per 10-seat license to its information. It claims a market of 1 million to 3 million business accounts. Hoovers is expanding, as it opened four additional sites in Europe in January. The company repurchased 175,000 of its shares last quarter at an average price of $2.63, and it's stock has consistent insider buying. Hoovers recently announced partnerships with Microsoft, IBM, AOL, Fortune, and Sprint PCS. Hoovers should be EBITDA positive this quarter, meaning they'll not burn any of its $2 in cash per share, Lewis says. Hoover's largest shareholder, AOL, owns nearly 17 percent. It rose 45 cents to $4.20. JF

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