To: Hudson who wrote (647 ) 9/26/1999 5:46:00 PM From: Silver Fox Read Replies (1) | Respond to of 668
Hudson, NVXE update! I just got it. It's a whopper! Barron's Issues Article On NVXE. www.Stock Picks1.com Maintains Aggressive Buy Recommendation. On the 63rd page of its latest issue the well-known financial journal Barron's featured an article on New Visual Entertainment's (OTC:BB: NVXE) pending merger with Astounding.com. In the article, Barron's -- which is affiliated with the Dow Jones News Service and the Wall Street Journal -- cited a substantial funding package put together by the Lilly Better Capital Group for the merger. It also highlighted one of several technologies Astounding.com is bringing to NVXE: a revolutionary compression technology, which permits transfer rates over standard telephone copper wires of 51.2 Mbps per second. This speed is 100 times faster than the fastest standard modems available today and requires no rewiring of a user's residence or business. The rate is faster than that achieved by cable modems, and Barron's categorized the science as offering "unprecedented download speeds over the Internet." NVXE anticipates offering real video on demand in real time as one of numerous applications. In the opinion of Stock Picks, this technology could radically change the way the entire Internet is used today. Furthermore, the compression science is one of only several advanced Internet technologies Astounding.com brings to the merger. We maintain an aggressive buy order on NVXE, our highest recommendation possible. Our analysts place a near term target of $4 on the stock and a six-month target near or above $25 per share. The stock has demonstrated impressive strength in the last few days of trading, up 25% on Thursday, up another 28% on Friday and poised to continue climbing rapidly as news of the merger spreads. We note that the recent gains in NVXE were registered while all major stock indices, such as the Dow and NASDAQ, were on wildly downward trends. The recent gains also took place before the Barron's article was published.