To: art slott who wrote (4636 ) 8/30/1999 1:01:00 PM From: wlcnyc Read Replies (1) | Respond to of 4748
Monday August 30, 12:30 pm Eastern Time Company Press Release SOURCE: Neidiger, Tucker, Bruner, Inc.ACTV Trading at Significant Discount to Recent IPOs Neidiger, Tucker, Bruner, Inc. Notes Valuation Discrepancies in ACTV's Comparison with Liberate Technologies (Nasdaq: LBRT) and Wink Communications (Nasdaq: WINK) DENVER, Aug. 30 /PRNewswire/ -- The following is being issued by Neidiger, Tucker, Bruner, Inc., a member of NASD Regulations, CRD #7425: The commercialization of ACTV's (Nasdaq: IATV - news) interactive technologies will reach the market this year. ACTV's ``Individualized Television' and ``Individualized Advertising' technology is stated to be downlinked by TV Guide, Inc. (Nasdaq: TVGIA - news) on October 15th. After a period of testing, ACTV will launch an enhanced sports channel in The Fox Sports Southwest market. TV Guide Interactive will begin targeted advertising on its programming guide portal which serves 2.3 million digital subscribers and the Liberty Media/ACTV joint venture can offer Individualized TV enhanced pay-per-view national events, to 4.0 million digital subscribers. Comparatively, Wink's technology is only offered through 40,000 advanced analog set top converters with additional activation in several markets scheduled for mid-2000. Broad availability must wait for next generation digital set top boxes to be deployed. Additionally, Viacom's (NYSE: VIA - news) The Box Music Channel with over 20 million subscribers will launch jointly with ACTV a synchronized Hyper-TV(TM) Internet site in this year's fourth quarter. Liberate Technologies has developed platform software featuring the delivery of Internet content to ``information appliances' including the TV set top. Although Liberate generated $17.3MM in FY 1999 revenues, commercial deployment is currently limited to smaller European cable operators. Both Wink and Liberate offer ``back end' solutions while ACTV is a complimentary ``front end' content oriented technology. Further, ACTV's upcoming commercial launches will reach a far larger audience than that reached by others. Yet ACTV's market capitalization of $490MM is at a significant discount when compared with Liberate's $1.0B and Wink's $1.2B. NTB's analyst, Michael Shonstrom, believes this disparity suggests an attractive valuation for ACTV versus its industry peers. SOURCE: Neidiger, Tucker, Bruner, Inc. -------------------------------------------------------------------------------- More Quotes and News: ACTV Inc (Nasdaq:IATV - news) Liberate Technologies (Nasdaq:LBRT - news) TV Guide Inc (Nasdaq:TVGIA - news) Viacom Inc (NYSE:VIA - news) Wink Communications (Nasdaq:WINK - news) Related News Categories: banking, computers, internet, software, telecom biz.yahoo.com