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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: art slott who wrote (4714)2/9/2000 7:38:00 PM
From: art slott  Read Replies (1) of 4748
 
Salomon SB initiates coverage.....

-SUMMARY:--ACTV, Inc.--Interactive Entertainment
*We are initiating coverage of ACTV, Inc., a leader in digital media, with a 1S (Buy, Speculative) rating and a $50 price target based on our discounted cash flow model. *With its Individualized Television and HyperTV products, ACTV is poised to be a prime beneficiary of two key developments in the media sector--the explosive growth of digital television and the accelerating convergence of the PC and TV. *The long term financial profile appears compelling w/EBITDA margins in the 50% area and returns on capital in excess of 35% projected. *In addition, ACTV has
lined up an impressive roster of sponsors and partners including Liberty Digital and General Instrument, providing further confidence. *For further details, please see our upcoming 52-page report, "ACTV-Blazing a Trail in the Digital Revolution."

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
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