BancBoston Robertson Stephens has GREAT things to say about NETP in today's weekly Web Report...
<<NETPERCEPTIONS ACCELERATING - Net Perceptions reported strong Q2 results yesterday. Revenues of $2.8 million were well ahead of our $2.0 million estimate. NETP added 26 new customers during Q2, up from 17 new customers in Q1. Twenty-five of the new customers signed up for volume-based contracts which make NETP's model more scalable, providing the potential for bigger upside surprises. The company also added Lycos as a customer, which marks the first big eNetwork to sign up for NETP's products. We view this as a milestone for the eCommerce product, as it appears to be proving scalable if Lycos is using it. New product rollouts are on schedule, with several customer implementations of the call center product. We have raised our 1999 revenue estimates from $10.6MM to $11.6MM and our 2000 estimate from $20.0MM to $22.0MM, and believe there could be additional upside to these estimates. We continue to believe that Net Perceptions, given the uniqueness of its products and its 110 customers, remains an attractive partner in the continuing eMarketing consolidation, although it appears capable of supplying technology to a wide range of customers as well. >>
Boy, this stock is so UNDER-appreciated in this market....it is even tough for me to understand. NETP is executing and EXCEEDING expectations....nothing like growing revenues over 180%, bringing in 26 new clients (including the global portal Lycos). Hmmmm.....where are the fund managers when you need them? <G>....They must be infatuated with some other dot.com stocks that have been bid up into the nose bleed levels...right now the bandwidth stocks (like EFNT) seem to be the big rage. Oh well, maybe one of these days some of the BIG money will discover the value of what NETP is actually doing <G>... We could use some serious volume and IMO we even deserve it..!!
Have a great weekend everyone.
Best Regards,
Scott |
