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Technology Stocks : Ticketmaster-Citysearch (TMCS)
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To: R Hamilton who wrote (625)6/28/1999 6:35:00 PM
From: Mad Duck   of 803
 
From Keith Benjamin's Weekly Web Report, Volume 2, Issue #25, dated June 25, 1999:

"TMCS: We believe TMCS stock has lagged the group because of lack of
news and the general glut of new stocks. We expect the stock will
recover sharply, helped by strong numbers. TicketMaster-CitySearch and American Express announced a new program which we believe will further increase the growth of the CitySearch CityGuides by getting more small and medium size businesses online and into the CitySearch network. Currently piloting in New York, the program provides merchants who purchase a CitySearch Web site with a free Dell computer. Merchants receive a Dell Computer with a monitor, installation and other services, and a 3-year warranty when they purchase a $390/month web site package with a 2-year commitment. We believe this program fits with TMCS' strategy and will further contribute to the growth of its network as well as the depth of its content. We continue to be impressed with the strong growth not only in the ramp of CityGuide rollout but also in ticket sales and other eCommerce activities. We have seen a constant flow of positive announcements beginning with positive Q1 earning results when ticket sales were double our estimates, continuing with the acquisition of two leading online dating sites, and most recently the announcement of this partnership."

Benjamin is a well-known tech stocks analyst with Robertson Stephens.
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