Trung, so far the mainstream media has been negative on CUST, Motley Fool has joined WSJ, LA Times, Individual Investors, ZDNet.
From Motley Fool:
With the ongoing proliferation of upstart
Internet ventures, it's not surprising that some
of these companies have shaky business
models and that some are simply weak in light
of the competition. After all, as in any industry,
not all companies can succeed; many will fall
by the wayside, and some will likely suffer a
painful demise. Here we offer a review of
companies we call "InterNOT" companies --
companies we believe aren't likely to dominate
or even leave much of a mark on the Internet.
CustomTracks Corp. (Nasdaq: CUST)
www.customtracks.com
1998 Revenues: $0
1998 Earnings: Loss of $1.5 million (from continuing operations)
Number of Employees: 15
The Lowdown: This Dallas-based company originally sold off its
Electronic Security (Cardkey), Interactive Data, and Transportation
Systems groups and changed its name to CustomTracks from Amtech to
focus on selling customized music online. But the company ran into
problems getting rights to distribute music and is now trying to get a piece
of the secure Internet transaction market. As far as I can tell,
CustomTracks has no products to speak of, though it is developing a
secure Internet messaging system called ZixMail as well as an online
transaction payment system. It's still early for this company as it continues
"exploring additional Internet-related businesses." |
