EWBX here's artical from my past three weeks experiance on trading BW picks it's best to hold till monday and with ncnt it would have been best to hold a couple of weeks..this may be the case with EWBX TO..BUSINESSWEEK INVESTOR -- INSIDE WALL STREET
EarthWeb Gets Down to B2B
What's hot these days is B2B. That's Net shorthand for business-to-business service. So most Net companies are seeking niches in that zone. EarthWeb (EWBX) aims
to be the dominant B2B provider of online services to information-technology (IT) companies, says CEO Jack Hidary, through its flagship services, such as
ITKnowledge.com and dice.com. For its ITKnowledge, which provides internal IT staffs access to technical books and source codes, clients include AT&T, Cisco
Systems, Intel, IBM, and Merrill Lynch. And for EarthWeb's dice.com, a national job site for IT professionals, Bank of America, Hewlett-Packard (HWP), Gap (GPS),
and Walt Disney (DIS) are among its subscribers.
Several Net giants are expected to sign up soon, including Yahoo! (YHOO), Amazon.com (AMZN), MCI WorldCom (WCOM), Excite@Home (ATHM), and the
Nasdaq.
Analysts expect EarthWeb, which has yet to post profits, to show revenues of $30 million in 1999 and $51 million in 2000.
'EarthWeb's third-quarter results highlight the strength of B2B Internet business models,' says Charles Wittman, an analyst at First Union Securities. B2B has brought
traffic that EarthWeb has taken advantage of with ads and sponsorships, says Wittman, who rates the stock, now at 35 a share, a 'strong buy.'
By GENE G. MARCIAL
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