Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Tom DuBois who wrote (30431)	4/1/1999 1:13:00 PM
From: Lane Hall-Witt	Read Replies (3) of 120523

I agree. I think iTurf could be huge, so I used the dip into the 28s to establish a position. (I missed the preceding run.) iTurf is a profitable company, according to its registration statement. It's positioning itself as the leading portal and e-commerce center for Generation Y, with an especially impressive effort to reach out to girls. The demographics are ideal. The financials are impressive: 1998 revenues of $4.014 million ($2.1 million in the fourth quarter) versus 1997 revenues of $134,000. FY98 EPS was $0.04/share. The underwriting team is first-rate: BT Alex Brown and Hambrecht & Quist co-leads; J.P. Morgan, CIBC Oppenheimer, and Wit Capital are also on board. DLIA's earnings pre-announcement suggested that the IPO will be out before April 15. I'd be surprised if the run to 36 1/4 is the end of the story for this pre-IPO play. There's far too much to like here.

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