To: Mohan Marette who wrote (1413 ) 7/15/1999 3:19:00 PM From: stockman_scott Read Replies (1) | Respond to of 2908
<<During the second quarter ended June 30, 1999, Net Perceptions continued to expand its client list, adding 26 new licensed customers, the largest number of customers Net Perceptions has ever signed in one quarter. Online businesses such as Lycos, Petsmart.com, The Children's Place, Musician's Friend and Mammoth Golf were added to the company's customer list, increasing the Net Perceptions customer base to more than 110 licensed accounts worldwide. ''The customer traction we gained this quarter continued to build on our market leadership position'' Snyder added, ''It's also exciting to see new categories of goods and services being offered on the Web -- increasing the opportunities for Net Perceptions to add value to a diverse set of e-commerce offerings. This quarter we added our first tier-1 portal site, and our first customer sites for pet care supplies, children's clothing, golf, and personnel placement -- all new areas for the application of our technology and personalization solutions.'' Net Perceptions expanded on its existing partnerships with Allaire, Broadvision, IBM, Oracle and Vignette, by adding several new partners. CommercialWare, a leading provider of call center order management and fulfillment software for catalog companies will enable Net Perceptions to more quickly expand in the call center market through a reseller relationship. Also joining us are system integrator US Interactive, a leading Internet professional services company, and platform players Art Technology Group and Open Market, leading providers of Internet commerce platforms. These new partners will broaden our customer reach and reduce deployment time and costs.>> Mohan: I CAN NOT believe investors are ignoring this news.....look at the new dot.coms with very little revenue and massive losses. Then look at NETP that is operating in a very strategic area for the e-commerce arena, has triple digit growth, a record quarter for bringing in new clients, and has a 'very reasonable' valuation. Many of these young internut firms have had 2-500% run-ups in the first few months -- based on hype or future expectations. You know the companies and we have even invested in a few <G>. Yet, IMO NETP has more fundamentals and for some reason still has not had a 'normal run-up.' In fact we are still just below the price where it hit the public market. It will be interesting to see what the analysts have to say in the next few days. I do feel NETP should be MUCH more aggressive when it comes to marketing the firm to ALL stakeholders. They are great when it comes to getting customers BUT they need to be equally as effective when it comes to recruiting and retaining investors and supporters in the media..!! Just my views. I'm holding for now. The upside's too significant. Best Regards, Scott