Concentrate Your Money On Wireless! Axxel Knutson's VTAR Top Stock Picks
BusinessWire, Monday, June 21, 1999 at 05:23
by Interactive Business Channel
IRVINE, Calif.--(BUSINESS WIRE)--June 18, 1999--Ibchannel.com (OTC:IBCI) Friday announced that it is once again featuring Axxel's Knutson's buy and sell recommendations in its weekly newsletter ibchannel.com.
IBC Featured Company Web Sites
intelliquis.com (OTC BB:INTQ) -- E-Commerce
intermost.com (OTC BB:IMOT) -- Asian Web Portal
http:/www.cytation.com (OTC BB:CYTA) -- Online Learning
wrdp.com (NASDAQ:WRDP) -- Telecom
noyr.com (OTC BB:NOYR) -- ISP Rollup
IBC Feature Company Coming Soon ... Wireless Industry Leader
usrf.com -- Internet Media (OTC BB:USRF) had already received inquiries from over 100 local dial-up Internet Service Providers (ISPs) servicing over 200 cities concerning USRF's new Quick-Cell(TM) program, announced March 10. The Quick-Cell program is designed to facilitate the rapid deployment of Internet Media's two-way broadband Wireless Internet access system, on a nationwide basis, under license arrangements with local, independent ISPs.
Quick-Cell is a turnkey, plug and play Wireless Internet access system that can be deployed by a local ISP in about one week. Quick-Cell will give the local ISPs the ability to offer two-way broadband Wireless Internet access at T-1 equivalent speeds, while charging between 40% to 50% less than below the price of traditional, hard-wire T-1 service.
IBC's Current Feature Company Update -- Internet Healthcare
nutritioncafe.com, the Internet's premier nutrition portal -- TrimFast (OTC BB:TRIM) has entered into a letter of intent with Leisure Concepts, the licensing group for WCW Wrestling. WCW/NWO is backed by Turner Broadcasting and Time Warner Inc., (NYSE:TWX) the two most influential and powerful names in entertainment. TrimFast Group Inc. and Leisure Concepts are expected to complete the definitive agreement by July 1, 1999.
Investors are at awe with the size of the online health care market. More telling than DrKoop.com's (NASDAQ:KOOP) impressive IPO run-up is the amount of money that well known institutions like Healtheon (NASDAQ:HLTH), News Corp., ETrade, GE Equity, Soros Fund Management and Sequoia Capital have invested recently in the online health care arena. According to Cyberdialogue.com, approximately 45% of health intensive Internet users are interested in purchasing vitamins or supplements online. This is higher than prescription drugs, OTC drugs, and other medical supplies.
VTAR By Axxel Knutson
Note: You can also pose questions to Knutson direct at AOL.com on AOL's MarketTalk hosted by Sage at AOL on Tuesdays at 2 p.m. EDT. Go to AOL and hit Keyword "PF Live" about 1:55 p.m. EDT and you will get right in.
WIRELESS -- Concentrate your money here for the moment!
ASM Lithography Holding (NASDAQ:ASML) (49 3/4) POSITIVE. Buy
all the under $50.
Broadcom (NASDAQ:BRCM) (106) a buy right here and a Strong Buy
on any break of $100. Important stock.
PRI Automation (NASDAQ:PRIA) (35 1/2) strong buy. Appears
important.
RF Microdevices (NASDAQ:RFMD) (53 2/4) strong
buy ... particularly under $50.
Sierra (NASDAQ:PMCS) (61 1/4) Buy. Continues even stronger than
before according to VTAR(TM) stuff.
Uniphase (NASDAQ:UNPH) (151) buy any stock under $150. Very
powerful, accumulate weakness and the dulls.
QUALCOM (NASDAQ:QCOM) (110 1/4) positive.
THE INTERNET -- THE GUTS
3Com (NASDAQ:COMS) (25 3/4) new coverage ... big roller coaster
from the 20's to the 50 level and back. Well here it is back.
Probably worth accumulating. But don't go nuts.
Cisco Systems (NASDAQ:CSCO) (113 3/4) rated a "buy." An
important stock to own so buy this on days following total daily
volume in the stock under 8 million shares on minor price
deterioration.
CNET (NASDAQ:CNET) (52 3/8) a very important stock in the long
term and worthy of ownership. But we like the potential of a
break of $50; so buy the break of $50.
Earthlink Network Inc. (NASDAQ:ELNK) (50 1/4) watching only.
Globix (NASDAQ:GBIX) (34 3/4) we played before ... we are not
playing now.
IBS Interactive (NASDAQ:IBSX) (22.5) no interest in the
20's ... see me in the teens ... maybe ... watching only.
Linear Technology (NASDAQ:LLTC) (59 1/16) strong buy and
important.
Harmonic Light (NASDAQ:HLIT) (54 1/4) just a magnificent
Internet-related issue ... totally ignoring the Internet crunch
and still not suggesting evidence of danger. However, we are some
distance off the base and that suggests caution.
Inktomi Corporation (NASDAQ:INKT) (96) With the base $70-80
and the spike to $150 plus and now a break of the even number of
$100, let's buy. New Coverage.
Intel (NASDAQ:INTC) (53 15/16) "... we have no strong opinion on
this stock. We are NOT players in Intel." No change. We are not
impressed. But the very short term? A likely lift. We don't
care.
Internet America Inc. (NASDAQ:GEEK) (17 1/2) new coverage. On
Monitor list -- positive but we are not there yet. (Internet
service provider in the southwestern United States.)
Lucent (NYSE:LU) (60) Buy only breaks and that means a break
of $60. Very acceptable.
Macromedia (NASDAQ:MACR) (39 11/16) accumulate weakness.
Anywhere in here is fine. It has the products ... yes it does.
Microsoft (MSFT) (82) we will buy this base.
Mindspring Enterprises (NASDAQ:MSPG) (69 11/16) Negative and no
interest $50+.
Novell (NASDAQ:NOVL) (23 3/4) coming back to NOVL. Accumulate
the dullness ... the duller the better as far as the acquisition
point. Internet stock? Well, not quite ... but I am the one
making the definitions.
Nortel Networks (NYSE:NT) (82 1/4) You can put your Microsoft
money here. Still. We rate this stock a strong buy ... here and
on any break of $80, we would lean on it with call options for
those knowledgeable about options and are aware of the important
risks involved in options and have STUDIED the Options Clearing
stuff. Price objective: triple digits. To get extraordinary price
movement and to not pay much for it in terms of risk is the
endeavor worth working for.
Open Text Corp. (NASDAQ:OTEX) (31 1/8) nice step -- progressions
and relative lack of speculative interest. I like that. Enuf to
jump up and down to buy it? No. But under $30 ... maybe, but for
the moment I am thinking about more important things like is my
John Deere lawn tractor ready for a new paint job ... should it
be green ... sort of icky color, don't you think? Open Text is
application software for use on Intranets, extranets and the
Internet that allows users to find electronically stored
information. Maybe black with white polka dots ... maybe. I will
discuss with the Mrs. (actually, Ms.)
Realnetworks (NASDAQ:RNWK) (67 9/16) well, that probably enuf
of a concession from $130 ... and the stock is IMPORTANT ... but
will not step in here. So ... neutral/positive.
Spyglass (NASDAQ:SPYG) (17 5/8) sell short-term. LT: OK.
ICC Technologies -- name change from Rare Medium Group Inc.
(RRRR) (12 5/8) new coverage. Buy. A break of $10 would be
wonderful ... but we will take some here. Internet strategies, to
improve business processes and develop interactive content using
Internet-based technologies. Interesting client base.
SunMicrosystems (NASDAQ:SUNW) (59 13/16) It was a very nice run
from about the 70's? I think so. But here? Accumulate the fifty
stock. Important to own in portfolios LT.
PORTALS
America Online (NYSE:AOL) (106 3/4) buying AOL in triple digits
is not for us. How about $90? Nah, not at $90 ... OK, how about
$85 ... ah ... nah, not at $85 ... WELL THEN WHEN? Stay tuned ...
that's all I can say. (Why am I talking to myself?)
Excite (NASDAQ:XCIT) (133) Negative. Buy the break of $100.
Go2Net (NASDAQ:GNET) (107) no triple digits for us ... no
interest at the moment. Negative.
Infoseek Corp (NASDAQ:SEEK) (46 3/4) enuf destruction and now
we will buy the break of $40.
Lycos (NASDAQ:LCOS) (92) no current interest.
Prodigy (NASDAQ:PRGY) (23 1/2) fell off the cliff with the
Internets. Still to have its day in the sun. Accumulate the
dulls. Off that and worthy of accumulation. Spanish niche.
PSINET (NASDAQ:PSIX) (43) ISP new coverage. With a recent high
of 75+, we will wait a little. Stock in the 30's should work and
it DOES look cheap. Go do your fundamental stuff on this.
Sportsline, USA (NASDAQ:SPLN) (33 1/4) neutral.
TheGlobe.com (NASDAQ:TGLO) (16 1/8) here is an example of a
pre-mature split. Negative. A break of $10 ... OK, then.
Yahoo (NASDAQ:YHOO) (144) Negative. No triple digits for us.
WEB COMMUNITIES
Ivillage (NASDAQ:IVIL) (40 1/4) appears lower. Negative.
XOOM.com (NASDAQ:XMCM) (48) on Monitor list -- Positive.
NEWS AGGREGATORS
Infospace (NASDAQ:INSP) (48 1/2) trading only ... buy the $30
and sell the $50
Newsedge (NASDAQ:NEWZ) (8 1/16) Buy.
E-MALLS
Cybershop (NASDAQ:CYSP) (7 1/2) neutral.
Creative Computers Inc. (NASDAQ:MALL) (7 5/16) no strong
opinion.
IMALL (NASDAQ:IMAL) (16 1/2) "... take the profit here as
well ... We are not playing. Looks alike a break of $10. Not a
contender and want no involvement." WELL, MAYBE NOT $10 ... but a
reputation problem. Just neutral.
RETAIL -- INTERNET
Amazon (NASDAQ:AMZN) (113) was OK for trading, but this is
looking tired. Now we need a break of $100. So, short-term
negative.
Audio Book Club (AMEX:KLB) (14 9/16) probable dribble back to
the base at $11-12 ... neutral negative.
Auto by Tel (NASDAQ:ABTL) (20 1/2) doubtful mover in the
short-term ... under $15 by the looks of it.
Audio Highway (NASDAQ:AHWY) (15 3/4) single digits.
AutoWeb (NASDAQ:AWEB) (13 1/16) single digits, please.
Barnes & Noble (NYSE:BKS) (26 3/4) not happening. Teens, by the
looks of it.
Beyond.com (NASDAQ:BYND) (23 1/2) negative.
CDNow (NASDAQ:CDNW) (17 1/4) a price to pay for that May move
to the upside, so we will be negative and await a crunch under
$15 ... for now Monitor List Neutral
Cheap tickets (NASDAQ:CTIX) (33 5/8) no current interest.
Watching only.
Cyberian Outpost (NASDAQ:COOL) (10 3/4). We are not interested
in double digits.
Digital River (NASDAQ:DRIV) (27 1/8) no interest in the
twenties. Negative.
Getty Images (NASDAQ:GETY) (21 3/4) in the teens perhaps ... but
not here.
Intimate Brands (IBI) (50 1/2) rolling negative. Not for us.
Navarre (NASDAQ:NAVR) (10 3/4) a break of $5 and we will
re-evaluate. Negative.
Onsale (NASDAQ:ONSL) (16 7/16) neutral.
Peapod (NASDAQ:PPOD) (8 7/8) neutral-positive only.
Preview Travel (NASDAQ:PTVL) (17) we will go with a buy
here ... below the base. But not a lot, please.
Ticketmaster B (NASDAQ:TMCS) (26 1/2) no current interest.
Market-related. I am not on board.
AUCTIONS
EBay (NASDAQ:EBAY) (178) the gorilla in the group. It is very
doubtful that his stock can continue to take the pressure. Sell.
Look for double digits.
Sotheby's Holdings (NYSE:BID) (37 5/16) step aside. Neutral.
UBID (NASDAQ:UBID) (34) we are not bidding. Negative.
BUSINESS TO BUSINESS
Broadvision (NASDAQ:BVSN) (57 1/4) Buy. (Develops, markets and
supports application software for ecommerce.) Strong Buy on a
break of $50.
Check Point Software Technology (NASDAQ:CHKP) (52) it is likely
that the fifties will no longer be available. Buy. Policy based
enterprise security and traffic management solutions that protect
information assets and enhance the performance of enterprise
networks
Cybercash (NASDAQ:CYCH) (12 13/16) we will look again on a
break of $10. Not here.
Earthweb (NASDAQ:EWBX) (31 1/2) negative.
Exodus Communications (NASDAQ:EXDS) (91 1/4) new coverage.
There is some real power here and it was demonstrated in the
recent move this week $60 to almost $110. It was fun to watch.
Appears very important. Internet system and network management
solutions for enterprises with mission critical Internet
operations -- That's what they say.
Global Crossing (NASDAQ:GBLX) (51) new coverage the base is in
the 20-30 range so jumping on here after that run seems spooky
... however, there has been about two months of sideways movement
(with an up bias, unfortunately) and diminished spec activity. We
will gently buy the breaks of $50. Global Internet & long
distance telecommunications.
Rowe (NASDAQ:ROWE) (15) negative.
Sterling Commerce (NYSE:SE) (33 7/8) New coverage. Develops,
markets and supports electronic commerce software products.
Provides electronic commerce business to business electronic
communications and transactions. Fell out of bed earlier in the
year. Has consolidated that decline and now appears ready to
press up to the previous highs and push through later this year.
Buy breaks of $30. Fairly important stock.
VeriSign (NASDAQ:VRSN) (133) New coverage of this provider of
services needed by websites, enterprises and individuals to
conduct trusted and secure electronic commerce and communications
over the Internet, intranets and extranets. The market crunch in
Internets defined the lower level at $101. The bounce here is
perhaps a bit much, but we would accumulate any signs of weakness
from this point. Buy.
VerticalNet (NASDAQ:VERT) (58) "... appears very strong Own
it ... somehow.
FINANCIAL SERVICES
Ameritrade (NASDAQ:AMTD) (84) this was our favorite ... but we
have no interest north of $50.
CMGI Inc. (NASDAQ:CMGI) (102 3/16) another stock that should
not have split. We have no interest north of $50. Sell.
E-Trade (NASDAQ:EGRP) (40) again another split ... and a price
to pay for it. Possible 1/2 price sale coming. Sell.
Market Guide (NASDAQ:MARG) (18 1/2) very, very constructive.
Buy.
Multex (NASDAQ:MLTX) (32) Neutral.
Schwab (NYSE:SCH) (99) not North of $50 ... Sell.
Marketwatch.com (NASDAQ:MKTW) (58) neutral.
Secur Dynamics (NASDAQ:SDTI) (17 1/4) dull and no interest.
Neutral/Negative.
Security First Tech (NASDAQ:SONE) (37 1/4) new coverage and no
interest. Negative.
Winfield Capital (NASDAQ:WCAP) (22 3/4) negative. Been there,
done that.
ADVERTISING RELATED
24/7 Media (NASDAQ:TFSM) (31 1/4) a break of $20 would interest
us. Negative short-term.
Double-Click (NASDAQ:DCLK) (95 1/4) an important stock last
year ... but not this. Negative
Netgravity (NASDAQ:NETG) (21 1/2) certainly the discount is
here from the highs ... with that the case, accumulate gently.
TIN BOXES WITH WEIRD LOOKING STUFF LOOSELY PACKED INSIDE
Apple Computer (NASDAQ:AAPL) (47 1/2) it's done the work.
Buy ... the only tin box for us.
Compaq (CPQ) (22 7/16) "... unacceptable. Teens, I guess. The
'People Express' of PCs." I don't care who they fire ... the guy
doing the firing should be fired along with the Board of
Directors, the receptionist and the executive bootblack.
DELL (NASDAQ:DELL) (35 1/4) I do not want it. I still do not
want it ...
Gateway (NYSE:GTW&server=trading10.schwab.com/trading&signature=yes">NYSE:GTW) (61) VTAR(TM) numbers = blah. But give is a
quick slap under $50 with some real panic following that, and we
will buy. So ... Short-term negative and Intermediate-term (IT)
but the break of $50.
Micron Electronics (NASDAQ:MUEI) (9 13/32) nope. Neutral.
Ben & Jerry's Homemade (NASDAQ:BJICA) (26 15/16) "Internet
flavored Ice Cream.?" Accumulate anyway.
MISC. INTERNET
@Home (NASDAQ:ATHM) (96) no interest North of $50 ... so
goodbye.
Banyan (NASDAQ:BNYN) (10 1/4) we remain constructive.
CD Radio (NASDAQ:CDRD) (25) starting to work its way out of
the base here in the twenties. Positive.
Healtheon (NASDAQ:HLTH) (86) positive. Buy it here.
Network Solutions (NASDAQ:NSOL) (62) accumulate. A nice
discount for us.
Quest Communications (NASDAQ:QWST) (44 3/8) strong buy.
Seagram Co. Ltd. (VO) (53) buy the break of $50.
Ziff - Davis (NYSE:ZD) (12 1/8) accumulate.
Continued ... ibchannel.com
In the News -- Local and long distance telephone company Frontier Corp. (NYSE:FRO) late Thursday spurned an unsolicited $11.6 billion takeover offer from Qwest Communications International Inc. (NASDAQ:QWST). Frontier reaffirmed its plan to be bought by Global Crossing Ltd. (NASDAQ:GBLX) for about $11.4 billion. Qwest, the No. 4 long-distance carrier in the United States, has also launched a separate bid to woo Baby Bell US West (NYSE:USW). BellSouth (NYSE:BLS) may join the auction as well.
Daniel Schulman, who was AT&T's (NYSE:T) executive vice president and president of consumer long-distance marketing, will become Priceline.com's (NASDAQ:PCLN) president and chief operating officer. Schulman said the opportunity to join such a leading e-commerce effort was irresistible, especially after having commandeered AT&T's Worldnet Internet service.
Gillete Co. (NYSE:G) shares could be active after the company warned late Thursday that it expects to report about a 20 percent drop in second-quarter earnings per share versus the year-earlier period and that sales should grow only in the low single digits. Analysts polled by First Call Corp. were expecting earnings of 29 cents per share. The razor and consumer products company cited poor sales of its stationery and toiletries businesses and slower-than-anticipated recovery in several key international markets.
Also making news was Lucent Technologies Inc. (NYSE:LU), which reportedly is close to a deal to buy Nexabit Networks Inc., a privately held maker of high-speed Internet switches. The New York Times interactive edition said Friday that Lucent was near an agreement to pay between $600 million and $800 million for Nexabit. Both companies declined to comment.
Meanwhile, software maker Adobe Systems Inc. (NASDAQ:ADBE) reported better-than-expected results after the market close Thursday. The company reported net income of $45 million, up 60.7 percent from $28 million reported in the year-earlier period. Diluted earnings per share totaled 70 cents, compared with the First Call estimate of 65 cents and earnings of 41 cents per share in the year-earlier period.
Computer products maker Micron Technology (NYSE:MU) is expected to post third quarter earnings of 6 cents per share.
RagingBull.com's Most Active Message Boards are an indication of what momentum stocks are hot. The most active boards include: (OTC BB:SNMM), (OTC BB:GGNC), Wave Systems (OTC BB:WAVX), (OTC BB:FIBR), (NASDAQ:NXTL), (OTC BB:KANA), (OTC BB:SNRS).
Disclaimer: IBC has received compensation for services and has acquired: 40,000 shares of Intermost and $265,000 cash. 500,000 Sims Communication (SIMSC) shares, 80,000 Intelliquis International presplit shares and $40,000 cash; 75,000 WorldPort Communications (WRDP) shares of common stock; Cytation.com paid 40,000 shares of common stock, 25,000 (144) restricted stock and 150,000 warrants; TrimFast Group paid 50,000 shares of common stock and 20,000 (144) restricted stock. IBC has been compensated to assist in the development and launch of its clients new web sites to be lauched soon including commercegroupcorp.com (OTCBB:CGCO) 500,000 shares, Primesource (OTCBB:PSCM) 2500,000 shares, and Finelineproperties.com (OTCBB:FNLN) 100,000 shares.
CONTACT: Interactive Business Channel
Matthew Marcus, 949/442-8919
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