Let the competition begin.
I believe that much of the tremendous increase in today's volume in due to Ask Jeeves. Yesterday Ask jeeves (ASKJ) filed an S-1 Registration Statement with the SEC to sell an additional 2.1M shares of ASKJ. The closing price for ASKJ today was $77 ó and it had reached a high today of $87
In their SEC filing, Ask Jeeves states:
Our Corporate Services Group competes with a number of companies that are addressing the same need to improve automated or online customer service for corporate clients. While various companies are addressing this problem through a range of solutions, none competes directly with our approach of combining automated technology with human intelligence to deliver customer service for company Web sites. The companies that provide automated online customer products and services against which we compete can be categorized as follows:
Customer Relationship Management
Customer Service,
Call Center Applications,
Customer Service Knowledge Management
Siebel Systems, Inc.,
Remedy Corporation,
PeopleSoft, Inc.,
Silknet Software Inc.,
Octane Software, Inc.,
ServiceWare,Inc.,
Servicesoft Technologies,Inc.,
Answers.com,
Primus Knowledge Solutions, Inc.,
Advantagekbs, Inc.,
Nortel Networks Corporation
Ask Jeeves also stated concerns over their competition
Our ability to compete depends on many factors, many of which are outside of our control. These factors include: the quality of content, the ease of use of online services and the timing and market acceptance of new and enhanced online services. We believe we compete favorably with respect to each of these factors. Many of our existing competitors, as well as potential new competitors, have longer operating histories, greater name recognition, larger customer bases and significantly greater financial, technical and marketing resources than we do. This may allow them to devote greater resources than we can to the development and promotion of their services. Many of these competitors offer a wider range of services than we do. These services may attract users to our competitors' sites and, consequently, result in a decrease of traffic to our site. These competitors may also engage in more extensive research and development, adopt more aggressive pricing policies and make more attractive offers to existing and potential employees, partners, advertisers and electronic commerce partners. Our competitors may develop products and services that are equal or superior to ours or that achieve greater market acceptance. In addition, current and potential competitors have established or may establish cooperative relationships among themselves or with third parties to better address the needs of advertisers and businesses engaged in electronic commerce. As a result, it is possible that new competitors may emerge and rapidly acquire significant market share.
I believe that Net Shepherd/Answers.com will realize tremendous value as a result of this filing. Take a look at some of the competition's market values and current stock prices:
Siebel Systems, Inc., $24.959B $134 3/4
Remedy Corporation, $ 1.992B $64 7/32
PeopleSoft, Inc., $ 4.928B $20 1/16
Silknet Software Inc., $ 3.924B $229 5/8
Nortel Networks Corporation $159.3B $117
As the market becomes aware of Answers.com together with the combined infrastructure that Net Shepherd has established with Knowledge Plus, ClickChoice, The Vanenburg Group and Jan Baan, I believe we will see a nice rise in our share price. I further believe that this is just the beginning. Hopefully, we will soon see some really nice revenue contracts.
I believe that the market is just beginning to learn about Net Shepherd, and I look forward to exciting times ahead.
Regards,
Barry
ps. Here is the link to the SEC filing I referenced
freeedgar.com |
