QUOT - Quotesmith Message Board

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Technology Stocks : QUOT - Quotesmith

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To: Gary Metzer who wrote (2)	7/28/1999 1:57:00 PM
From: Jack Hartmann	of 75

Some Quotesmith Facts. - Major competitor is INSWEB which is in its fourth day of public trading. IPO was low teens, started in the high 30's and dropping. - Company is in a business park in Suite 102. (I've been there) - Employment has doubled from 40 people to over 90 now in one year. - per www2.ipo.com, 1998 revenues were $5,576,000, Net loss was ($196,000). (INSWEB has lost money every year since 1995) - Very lean management to employee ratio. Most people are customer service reps. IMHO the battle for market share between QUOT and INSWEB will help and hurt the stock. It hurts in that they spending $$$ advertising heavily in the Chicago area on radio. It helps because one will attract the attention to the other. I think the management of QUOT is good and controlling losses will be key. I plan to buy if IPO doesn't start above $22, otherwise I'll wait.

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