Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : CustomTracks Corporation (CUST) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Trocchi who wrote (2244)	9/8/1999 3:40:00 PM
From: Tom Hua	Respond to of 2514

Bob, in the May CC (I hope CUST hasn't pulled the audio replay off their website), Cook said in no uncertain terms that when he promised a date, he always delivered. So far, he has missed every single deadline. Yeah, maybe he and Weinstein should leave the talking to Hank. Regards, Tom

To: Bob Trocchi who wrote (2244)	9/8/1999 3:43:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 2514

>>> Mr. Weinstein says he came up with his price target after concluding that CustomTracks might eventually sign up as many e-commerce customers as VeriSign and therefore should have a similar market value. <<< CUST isn't even in the same league, state or country with VRSN.

To: Bob Trocchi who wrote (2244)	9/8/1999 10:39:00 PM
From: Tom Hua	Read Replies (3) \| Respond to of 2514

Mr. Cook, who says he has asked Mr. Weinstein, to no avail, to stop issuing news releases touting his reports on CustomTracks. "I like the guy. I just wish he'd stop issuing press releases about our company," he says. Bob, I think what Cook meant to say is he wish analysts from mainstream brokerage houses would stop talking about his company. Here's a sample: CustomTracks "has never appeared on the radar screen and all I do is follow information security," says Paul Saunders, an analyst with SoundView Technology Group, a research firm based in Stanford, Conn. "The likelihood of [CustomTracks] being a major player and replicating what Verisign has done is very, very small," he says. The top 40 e-commerce sites are Verisign customers, as are more than 400 of the largest companies that are on the Internet, says John Puricelli, an analyst at A.G. Edwardsin St. Louis. "It took Verisign four years of diligent effort to get to this point. They spent over $75 million on their computer room alone," he says. "Verisign issues [digital] certificates and then supports them 24 hours a day, seven days a week. ... It's not an easy thing to get into." "What we're looking at is a company with no products, just claims of products," says Greg Jones, an analyst in Jackson Hole, Wyo., for briefing.com, a Boston-based online securities-research firm. "Why would you give them a half-billion-dollar market value on just the basis of a promise? They're on their third business, and I don't see why we should be persuaded they're going to be any more successful here." "It's going to be very difficult for CustomTracks to compete," says Daniel Rimer, an Internet-security analyst at Hambrecht & Quist in San Francisco. "They're saying 'trust me,' and that's dangerous," says John Puricelli, an e-commerce analyst at A.G. Edwards & Sons in St. Louis who follows VeriSign. Mr. Puricelli believes financial institutions and customers alike should be wary about sharing credit and account information with any outside security company. Regards, Tom