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Technology Stocks : WorldGate Communications, Inc. (WGAT)
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To: Triffin who wrote (200)5/25/1999 1:41:00 PM
From: John F Beule  Read Replies (1) of 589
 
Triffin...from Multex.com:

The shares of Worldgate Communications (WGAT) are rated a STRONG BUY by Preferred Capital Markets, with a 12-month to 18-month price target of $75. The company provides proprietary networking technology to cable companies, allowing them to offer consumers digital Internet services through their televisions. The company completed its IPO on April 15, selling shares to the public at $21. The brokerage forecasts that Worldgate Communications subscriber base will grow from 50,000 this year to 250,000 in 2000 and 650,000 in 2001. Preferred Capital Markets expects the company to post a loss of $1.61 per share for 1999 and a loss of $1.24 per share for 2000. In 2001, the company is forecast to post a loss of $0.40 per share. In 2002, the brokerage expects Worldgate Communications to finally attain profitability, forecasting EPS of $0.48.
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