Stock Watcher's Thread / Pix of the Week (POW) Message Board

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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)

VEEV 296.13

+0.1%

11:03 AM EST

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To: Stock Watcher who wrote (9903)	6/2/1999 9:54:00 AM
From: whitephosphorus	Read Replies (1) of 52051

ACTV- New Recommendation 08:23am EDT 2-Jun-99 SoundView Financial Group SNDVW ASDV GLW IATV SRCM SUMMAR SoundView Morning Research Highlights for June 2, 1999 SoundView Morning Research Highlights Trading: (800) 243-4443 Sales: (203) 462-7224 ACTV (IATV) Price: $15.07 Buy F99E: ($0.34) F00E: ($0.31) Truc Do 203-462-7217 We are initiating coverage of ACTV with a buy rating. The company's Individualized TV and HyperTV technologies could enable compelling and pervasive applications in interactivity and convergence with significant commercial potential. During the next 12 months, both ITV and HyperTV should be commercialized and start to drive revenue growth. Longer term, the growing acceptance of interactive TV and TV/Internet convergence should create several growth opportunities for ACTV. The stock has gone up more than 300% year-to-date because of Liberty Media's (100% owned by AT&T) increasing interest and investment in ACTV, but we believe the current stock price is far from fully reflecting the potential of ACTV's technologies, programming, and distribution relationships. We set a 12-month price target of $25.

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