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Microcap & Penny Stocks : IATV - ACTV Interactive Television

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To: art slott who wrote (4600)6/5/1999 11:04:00 AM
From: art slott  Read Replies (1) of 4748
 
From SoundView's research 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 on June 14.

www2.nordby.com

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