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Technology Stocks : Spyglass -- Ignore unavailable to you. Want to Upgrade?

To: Rob Terrell who wrote (1050)	7/30/1999 7:48:00 AM
From: Ray Dopkins	Respond to of 1412

Buddy lists to boom on mobile devices Posted 29/07/99 6:03pm by Tim Richardson While AOL and Microsoft slog it out in their instant messaging (IM) war, one research company is predicting that IM is set to become the killer app for wireless communications in the next five years. California-based Mobile Insights (MI) reckons the worldwide market for IM (aka buddy lists) will grow to 175 million users by 2002. It's already employed by 50 million PC-based users but it's the growth in mobile phones and personal digital assistants (PDAs) that is expected to see the most significant changes. "Integrated wireless communications will be the catalyst that leads to the pervasive use of mobile information appliances," said David Hayden, senior industry analyst for Mobile Insights. "Instant messaging on these wireless handheld PCs and mobile phones will become as commonplace as voice mail in only a few years." It is claimed that five years from now the interface to most cell phones and wireless PDAs will include a buddy list. ® theregister.co.uk

To: Rob Terrell who wrote (1050)	7/30/1999 8:34:00 AM
From: Art Bechhoefer	Read Replies (1) \| Respond to of 1412

I too am impressed with the Spyglass technology and its strategy for maintaining strong positions in non-PC Internet markets. But I am concerned about the shareholder class action lawsuit against Spyglass. I understand that a court has denied Spyglass' motion to dismiss and has directed that the parties move toward a trial. The complaint accuses SPYG management of failing to disclose deferred contract sales to the public at a time when management was selling its own shares at prices considerably above those which prevailed when the news finally came out. I do not know the particulars, and I had no interest in the shares when the alleged violation of the disclosure laws may have taken place. But if the lawsuit is successful, meaning that there is a judgment against the company and its officers, or even a settlement that gives shareholders a few dollars/share, this could drag down the share price even more. So my question is whether, given these legal issues, a price near 15 is reasonable, or should we wait and see?