CustomTracks Corporation (CUST) Message Board

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Technology Stocks : CustomTracks Corporation (CUST)

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To: Crystal ball who wrote (466)	5/29/1999 9:54:00 PM
From: Rajiv	Read Replies (1) of 2514

CUST Customtracks wants 1% of $350Million (= VRSN 1% )share of Digital Signature and Secured Transactions marketshare, realizing they have a patent, and realizing the marketplace needs this for E Commerce, CUST does not have any patents. They have only said that they plan on filing for patents... BTW, last year they bought a start-up company owned by David Cook himself to help in their customized-CD/internet-music venture. This company even had a patent. This project was dropped. So far what I can see is that CUST has spent less than 2 MM on the internet transaction and DSS venture (as of March 31, 99). The net value of their property and equipment (which includes furniture) is around 1 MM. If achieving their targeted market share would have been so easy, by now there would have been hundreds of competitors. Cook must have made a friend in SF for the stock to pop to $90, IMO the talk of Cook's visit to SF causing the pop to 90 is BS. Last monday the stock made an intra-day high of 90 as momentum players jumped on the stock. The trigger was the Joseph Charles report. This had nothing to do with hypothetical buying from SF. Regards. Rajiv

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