[11-01-99 11:58 AM ET] SAWTOOTH CAPITAL ON CSCC IN 30 OCT EDITION OF INTERNET FINANCIAL CONNECTION...
"...One direct benefit of using WeCanTalkFree is that its software allows users to interact directly from PC to PC. Bart notes that PC to PC is important because Internet users that interact using America Online must do so through a server. Microsoft's software, in a widely publicized case, was prevented from going through AOL's servers because (among other issues) AOL was concerned about the extra resources the Microsoft application would consume. PC-to-PC connections reduce this resource constraint on CenterSpan servers.
CenterSpan's stock has been nothing short of a rocket ship, trading at a low of 2 3/4 in October of 1998, hitting a high of $26 last summer and now trading in the $15 range. CenterSpan has a float of about 2.5 million shares. Out of that float, as of Oct. 15, its short interest was 756,000 shares. Blout explains that many short players thought CenterSpan was shorting a peripheral company, which CenterSpan sold off at the end of September. Since CenterSpan's software was originally derived from Intel, he contends, "In shorting CenterSpan, you are shorting Intel... It is probably not a good bet. The people betting against CenterSpan will only have to wait a few months (when Launch & Connect is released) in order to see how wrong they are." Bart believes the shares of CenterSpan offer 'tremendous upside'...."
Source: 30 Oct 1999 internet financial Connection with Mark Johnson
siliconinvestor.com
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