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Technology Stocks : Modem Media . Poppe Tyson (Nasdaq: MMPT)
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To: Mark Woolfson who wrote (450)3/9/1999 9:21:00 AM
From: Lane Hall-Witt  Read Replies (1) of 821
 
The CEO's appearance on CNBC was good overall. He emphasized MMPT's blue-chip clientele, international presence, and relatively long tenure in this burgeoning field. CEO is comfortable with analyst projections for operating profitability by 3Q99. I wish he would have done more to detail the relationship with True North, which I believe is a great competitive advantage: TNO is the 6th largest advertising firm (a holding company) and provides MMPT with a tremendous pipeline of blue-chip prospects.

The only concern that may come out of the interview is the high concentration of revenue from a small number of top clients: T alone generates about one-third of MMPT's revenues.

The interview included sidebar graphics that stated MMPT's market cap as $120+ million (which I think is incorrect, as it fails to account for the Class B shares held by TNO), listed several of MMPT's clients (all blue chippers: AT&T, Sony, etc.), and gave basic information from the IPO (2.6 million shares on February 5, 1999).

All in all, I'm impressed. I imagine we'll see some selling from the folks who trade on CNBC events, but I'm comfortable that MMPT is a great value with explosive upside potential: 2.6 million float with significant top-line growth on record and operating profitability later this year.
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