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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: Jenna who wrote (46544)6/25/1999 4:16:00 PM
From: Rose K  Read Replies (1) | Respond to of 120523
 
Jenna, if you have a chance, what is your opinion of TMSC at this point?

June 25, 1999 2:45pm

Ticketmaster rallies on outlook, coverage

By Larry Barrett ZDII

Shares of Ticketmaster-CitySearch Online Inc. (Nasdaq: TMCS) shot up 2 7/16, or 11 percent, to 25 7/16 Friday after Thomas Weisel Partners started coverage of the stock with a "buy" recommendation.

The rally comes a little more than a week after its shares hit an all-time low of 21 9/16 on June 15. The stock was trading at 80 1/2 shortly after its initial public offering in March.

Although the three-way merger between it, USA Networks Inc. and Lycos Inc. (Nasdaq: LCOS) went up in smoke, some analysts believe Ticketmaster is on the right path.

Keith Benjamin, an Internet analyst at BancBoston Robertson Stephens said he expects the stock "will recover sharply, helped by strong numbers" in its second quarter.

Last quarter, Ticketmaster topped Street estimates when it reported a loss of $17.7 million, or 28 cents a share, on sales of $15.9 million.

First Call consensus expects it to lose another 37 cents a share in its second quarter and $1.42 a share in the fiscal year.

"We believe TMCS stock has lagged the group because of lack of news and the general glut of new stocks," Benjamin said in a research note. "We continue to be impressed with the strong growth not only in the ramp of CityGuide rollout but also in ticket sales and other e-commerce activities."

Ticketmaster has also expanded its breadth of services through the acquisitions of CityAuction, a leading local Internet auction site, and Match.com and oneandonly.com, two popular online personals sites.

"We have seen a constant flow of positive announcements beginning with positive first-quarter earning results when ticket sales were double our estimates, continuing with the acquisition of two leading online dating sites, and most recently the announcement of this partnership," Benjamin said.

Ticketmaster shares are rated either a "buy" or "strong buy" by three of the four analysts following the stock.

Thanks, Jenna. The BVSN call was beautiful and there was still plenty of time to get in.

HAVE A FANTASTIC WEEKEND!!!

Rose




To: Jenna who wrote (46544)6/25/1999 8:58:00 PM
From: violatrader  Read Replies (1) | Respond to of 120523
 
Jenna
Trying to figure out what to make of the action in vrsn yesterday and today. It was down today, but the volume was light and my stockedge
shows momentum indicator higher. Yesterday the action was so gorgeous
on such a down day - I bot twice yesterday and at the end of the day was up on both my purchases, but now I have a little loss. Didn't want to sell today because I didn't trust the action and didn't want to give up on this prematurely - I had thought yesterday it would be
a stock I could hold for a while. Anyway, you can probably tell, I'm confused and worried. Please tell me how vrsn looks to you. Thanks muchly. Emily