Hey, Ken!!!! Anything on the SSSS deal yet? What's the holdup (g)?
Also, did you say NETZ or NEWZ? Look at this from briefing.com on NEWZ:
NEWSEDGE CORP (NEWZ) 12 15/16 +2 7/32. Shares of this recently-formed personalized news delivery company were started with a "buy" rating at BA Robertson Stephens. Also catching the eye of investors was the firm's extremely enticing 12-month price target of $20, which is 54% above the stock's current price. The news of the rating sent NEWZ shares roaring more than 3 points higher at the open, to an intraday high of $13.75. This company was formed in February through the merger of Desktop Data (a provider of real-time news) and Individual (a provider of personalized news). With the merger, NEWZ currently has approximately 950,000 business and individual users. "We believe the combined company has the critical mass to provide a competitive edge and build a profitable business based on a high level of recurring subscription revenues. Desktop Data has been consistently profitable," commented Roby Stephens analyst Keith Benjamin.
Description: NewsEdge delivers daily personalized news to knowledge workers across a variety of platforms, including facsimile, electronic mail, intranets and the Internet. The company delivers more than 50,000 stories per day from more than 2,000 information sources. The business model has been subscription-based with marketing efforts focused on enterprise contracts with more than 1,000 customers.
Fundamentals
Earnings Estimates: 1999= $0.45; 2000= $0.65 (+44.4%) Price/Earnings Ratio: 1999= 29; 2000= 20
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