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Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ) -- Ignore unavailable to you. Want to Upgrade?

To: William F. Wager, Jr. who wrote (17)	6/26/1999 11:51:00 AM
From: Mohan Marette	Respond to of 838

William here is a blurb from Upside on Jeeves. Ask Jeeves is getting attention for providing a new way to search the Web. Instead of random keywords, users type in natural language questions such as "Where can I buy shoes?" or "What is the weather like in Alaska?" Ask Jeeves will then tell users where to find the answer. Anyone who's used a search engine can appreciate Ask Jeeves' usefulness. The company is offering 3 million shares at $9 to $11 each under the symbol "ASKJ." AskJeeves.com answered nearly 1 million questions a day in April 1999, and its user numbers grew from 425,000 in September 1998 to more than 1.9 million in March 1999. Ask Jeeves also has signed big names such as Compaq Computer, Dell Computer and Toshiba for its customized corporate service. Ask Jeeves' finances aren't stellar, but that's nothing new for a Net company. In 1998, it lost $4.3 million on revenue of $593,000. Its Q1 '99 revenues grew from $14,000 in 1998 to $1.1 million in 1999, and its primary investors include venture capitalists CPQ Holdings and Highland Capital Partners.. upside.com