Steve looks like the Street will have to reevaluate soon.
internetstocknews.com
"Internet Ready Appliances - Not Just Phones Anymore
Wednesday, September 29, 1999 7:57 PM
"...Another company active in interactive television is Actv, Inc. (IATV), who recently signed deals with FOX (FOX) Sports and Viacom's (VIA) Showtime channel. Actv offers a front-end solution, namely branded software, set top box and cable hookup. Unlike widely used WebTV, the interactive TV enabled by firms like LBRT and IATV go beyond simple Internet access by providing interactivity within the programs that are broadcast through them. In October, TV Guide Interactive will begin targeted advertising on its programming guide portal to 2.3 million digital subscribers and joint venture partner Liberty Media will offer Individualized TV enhanced pay-per-view national events, to a test segment of its 4 million digital subscriber base. Since last fall, IATV has seen its stock rise from 2 to a high of 20 in April. Now settled comfortably at 13, IATV has been given a buy recommendation from Small Caps Online. One reason for this is IAVT's small market cap compared with LBRT ($490 million vs. $1.0 billion), whose business plan, analysts claim, suggests comparable revenues and earnings."
Money Talk: What is your opinion of ACTV's chances of catching up with the likes of WINK, WGAT etc. Since others have actually rolled out there products to the consumer, it appears to me that ACTV is behind the "power curve".
ACTV {IATV} teamed up with Showtime for HyperTV (combines TV and Web) with a target of debuting the service Q4 this year. Once (if) that happens and gets market acceptance, then I think Wall Street will reevaluate ACTV's prospects. For now at about $500 million market cap, I believe it's fully valued until a service starts to gain users.
cnbc.com. |
