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Microcap & Penny Stocks : XSNI - X-Stream Network -- Ignore unavailable to you. Want to Upgrade?

To: donkeyman who wrote (1978)	7/12/1999 10:25:00 AM
From: Jeffrey D	Read Replies (1) \| Respond to of 3519

Dman, more Freeserve. Things of interest. One, this article tells us what percentage of the on-line call fees go to the ISP instead of the phone company. According to the article, it is 10% of these charges. So, I assume that is the same for XSNI. Two, article says Freeserve is the "self proclaimed" #1 ISP. Hmm, I guess the real numbers are still in question? Jeff << Posted 12/07/99 12:46pm by Sean Fleming How much is that Freeserve in the window Pre-float speculation on the final value of Freeserve is mounting with only two weeks to go before trading begins. Reports out today indicate that the UK's self-proclaimed No 1 ISP is likely to be valued at around £1.5 billion. This is substantially less than the claims of £2.5 billion that began to circulate when talk of a Freeserve IPO first came up. Nonetheless, it would make the Dixons-owned ISP the largest publicly quoted Internet business in Europe. A value in the region of £1.5 billion could reflect the need to discount the company's shares by as much as 30 per cent to give initial trading the fillip it needs given the absence of a trading history. So, the final value of Freeserve could in fact be more like £2 billion. One of the financial houses working behind the scenes on the Freeserve float, Credit Suisse First Boston (CSFB) has put together some impressive looking earnings forecasts for Freeserve. At the moment, the bulk of Freeserve income is generated from that portion of the call charge it retains. This is a fairly small amount as things stand, with Freeserve bagging only around 10 per cent of the money generated by its users going online. Ecommerce will change this picture though. CSFB reckons that: "Freeserve's ecommerce revenues will rise ninefold from £900,000 in 1999 to £8.2 million in 2000," according to today's Financial Times. Kerrching! Freeserve has said that around one-in-12 of its users have applied to take part in the share offering. Around 18.25 per cent of Freeserve is being floated by Dixons. ®

To: donkeyman who wrote (1978)	7/12/1999 10:41:00 AM
From: Jeffrey D	Respond to of 3519

Dman, another XSNI competitor that can't get it right. I love the last sentence where the reporter for The Register tried to call this ISP but couldn't get through because the line was "engaged". Pretty funny stuff. Jeff Posted 12/07/99 12:12pm by Sean Fleming LocalTel restricts free Web calls to two hour blocks Embittered users of LocalTel, the telco offering free calls to ISP Screaming.Net, have reacted angrily to their free access being restricted to two hour blocks. The service restriction is the latest in a long line of problems that have plagued the LocalTel/Screaming.Net service since it began, leading to users taking direct action and threatening to lay siege to the telco's Godalming HQ if improvements weren't forthcoming. An announcement on LocalTel's Web site said: "We have introduced (10/07/99) a two hour timeout on internet connections to screaming.net. This is a trial to improve accessability to all of our customers." It goes on to explain that this doesn't mean you can only go online for two hours, but that you can only go online in two hour blocks. Either way, this is a major reversal on the 'free unlimited access' promise made to the many thousands of subscribers who signed up for the service. Complaints of poor service are nothing new to LocalTel, and while the company's MD, Jeremy Stokes, has promised that service levels will improve, complaints keep flooding into The Register from Screamers who cannot access the service. One Screamer emailed The Register over the weekend with comments he had made to LocalTel. His note said: "Congratulations are in order guys. I have eventually managed to logon after trying for twelve and a half hours! What a service. Wait until I tell everyone that it only takes 657 attempts and 65 reboots of my PC to access your wonderful service." Another wrote saying: "It is now impossible to connect to screaming net without re dialling at least 50 to 100 times and sometimes more." And yet another disgruntled Screamer emailed The Register with this: "This, on top of the complete lack of response by LocalTel to emails, faxes, letters and phone calls is the last straw. A 24 hour boycott has been organised (see here) and an online petition set up to gather customer complaints (see here)." The Screaming.Net/LocalTel service was hindered at first by the problems some customers had swapping their phone service from BT to LocalTel. Since then, a catalogue of problems and mishaps has dogged the venture. Last week, LocalTel said it would be seeking to gain compensation from BT for delays which stopped people getting on to the Screaming.Net service. Presumably, this means the telco will sympathise with those of its customers who now feel they are owed some for of financial recompense after this latest set back in the service. Despite trying to get through all morning, The Register was unable to speak to anyone at LocalTel about this latest setback, as the line was engaged. ®