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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW)
VEEV 242.54+0.7%11:36 AM EST
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To: Stock Watcher who wrote (10042)6/4/1999 8:03:00 PM
From: mike.com  Read Replies (1) of 52051
 
SW- regarding IATV - on June 2 Soundview put out a BUY rating. Here's a couple paragraphs from the report:

"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
(interactive TV) 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
oppertunitues for ACTV. The stock has gone up 300% year to date
because of Liberty Media's (100% owned by ATT) 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."
"Based on the above considerations, we believe ACTV has the potential
of becoming a multi-billion market cap company during the next few
years. Based on the prospects of immediate opportunities and the
long-term potential of ITV and HyperTV, we would conservatively put
ACTV's valuation at 1 Billion, with significant upside potential."

Today Soundview reiterated their BUY rating and stressed that shares should be purchased before the Cable 99 show in Chicago which gets under way next weekend. Sounds like some great news may come out of this show. It's very unusual for a firm to reiterate a buy so soon after they recommend it.

I also like the fact that they say outright that they are being conservative and say the market cap has significant upside potential. The story continues to unfold and just gets better and better.
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