LBRT, market cap added 1.6 Billion today, now 5 Billion and they only have 43,000 customers at C&W at $10 or $20 a head(one time license fee).
Do the math. Under 1 million in revenues.
Looks much better on the short side.
Liberate CEO Says Pact With Cable & Wireless Sent Shares Soaring
Wednesday, November 10, 1999 06:36 PM
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NEW YORK -(Dow Jones)- Liberate Technologies Inc. and Britain's Cable & Wireless Communications PLC will offer the first-ever deployments of interactive, Internet-based services on digital television, Mitchell Kertzman, Liberate's chief executive officer said Wednesday.
Kertzman attributed Liberate's soaring stock price to excitement about the new service. Liberate's Nasdaq-listed stock (LBRT, news, msgs) soared $40.125, or 51%, to close at $118.625, on volume of about 1.6 million, compared with average daily volume of about 311,000.
Liberate makes software to bring Internet services to digital television.
Kertzman said Cable & Wireless (CWZ, news, msgs) delivered the software platform to 46,000 of its United Kingdom subscribers.
He said the platform lets customers find information about broadcast programming, make online purchases and play along with game shows - all through their digital televisions. Sony Corp.'s (SNE, news, msgs) Sony Entertainment has already launched a television game show play-along service with Liberate's software platform, Kertzman said.
When a company like Sony or Cable & Wireless enlists a new subscriber for a service using Liberate's software platform, Liberate receives between $10 and $20, he said.
Quote for referenced ticker symbols: CWP, CWZ, LBRT
¸ 1999 Dow Jones & Company, Inc. All Rights Reserved.
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