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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (45556)	6/22/1999 8:29:00 AM
From: genejockey	Read Replies (2) \| Respond to of 120523

Small Fry, Regarding CUST and DD, start here 0 Revenues, 0 Products, and 0 years management experience in the field of digital E-Commerce security. CUST's original business plan was to have kiosks where consumers could make custom CD's, they had to cancel their operations when they realized that the music industry was not receptive to this "revolutionary" idea. Then the CEO Cook decided to sell off all assets and announced that CUST was going to become a player in the digital transaction/E Commerce space citing key patentable technologies that he "had" that could be used to gain penetration into this field... I guess he "found" these key technologies under his pillow one day. Regardless, In his most 2 recent ventures -Amtech (CUST's precursor company) and CUST the music company- he has failed miserably. Regards---- Not Howie. P.S. Another positive blurb on CUST, there's many more of these CustomTracks Stock Soars, Yet No Business In Sight (CUST) - Report Newstraders - May 25, 1999 11:28 (NewsTraders.com)-- Shares of Internet payment system developer CustomTracks (CUST) have been on a tear lately and soared to a new high yesterday when an unknown analyst boosted his price target on the stock, yet the company "has no current business to speak of," according to a report by Individual Investor Online's Dave Sterman. Report Highlights: - The company's value has reached $1 billion on paper, largely because Blockbuster Video founder David Cook is leading the firm. - Cook has taken CustomTracks shareholders on a wild ride as he has changed its focus to his latest idea of providing an Internet payment transaction system, which is certainly a hot field. - Problem with this is that there are a number of reputable companies -- VeriSign (VRSN), Critical Path (CPTH), Netegrity (NETE) and CheckPoint Software (CHKP) to name a few -- already developing similar systems to provide secure communications and transactions over the Internet. These firms also have combined sales in the hundreds of millions, while CustomTracks has none. - Analyst David Weinstein of tiny Joseph Charles yesterday reiterated his "short-term/long-term buy" rating on the stock while raising his "interim" one year price target to $230 from just $17. This is why the stock bounced more than $15 to a new high of $79.50. Its low is $3.50. - Sterman recommends waiting on the sidelines until the stock hits a plateau, then it should fall hard as more reputable analysts that follow CustomTracks' competitors "lend a dose of reality" to the company's business prospects. Copyright 1999 NewsTraders Inc. All Rights Reserved 11:32 Tuesday, May 25, 1999