Just saw a write up on briefing on IWOV...much of their observations applicable to SBAS, with the exception of different product (content management vs. SBAS's web site/software development management) and of course, size of float. But didn't SBAS have over 100 new clients last quarter? Not to say SBAS will follow this path, but there seem to be many comparisons to be drawn.
excerpt from briefing...
...Of course, behind the improving technical tone is one very exciting fundamental story... IWOV provides software products and services that help businesses and other organizations manage the information that makes up the content of their Web sites... Doesn't take a rocket scientist to figure out that this is a dynamic growth business, and IWOV takes a back seat to no one... Company added 67 clients last quarter alone, a 100% increase over the previous quarter... Briefing.com impressed not only by the number of new accounts but by the diversity as well -- new names include American Airlines, AskJeeves.com, Baxter Healthcare, Canon Computer System, Charles Schwab & Co., Monster.com, PlanetRx.com, and Whirlpool... Company also added a number of new international clients... Not surprisingly, with all these new customers came a surge in top-line growth... IWOV's revenues last quarter grew to $7.5 mln, a 295% year/year and 74% sequential jump... There is no reason to expect this well-managed, well-positioned company to experience a material let-up in business any time soon... Company expected to post loss of $0.47 in FY00, but look for it to turn profitable in FY01... Projected long-term growth rate is 50%... Stock followed by 5 analysts, 1 rates it a STRONG BUY, 4 rate it BUY... Plenty of room for new coverage and/or ratings upgrades... Another factor in stock's favor is lack of float (4 mln shares) - music to ears of daytraders. |
