To: Bretsky who wrote (11857 ) 11/9/1999 12:56:00 AM From: Bretsky Respond to of 118717
Thanks for your comments Richard. Thought I'd copy and paste info on WPNE from the Random Musings Newsletter I receive. Now I'm NOT hyping or spamming as this is the ONLY place I'm posting this, but his viewpoints often mirror many on this thread with similar picks such as AREM, MGIC, and MSGI and I view him as another very good source of investing information. Here were his comments this weekend on WPNE. Well, it looks like its time to point readers to what I think will be (or is) the next Magic Software discovery. With their pioneering Cu SeeMe product, WhitePine software *(wpne) is poised for explosive takeoff. The stock has been running a solid climb from $1 to $8 3/4 over the last 12 months. 52 week high is 9. Its trying to take out the old high now, but will have a bit of resistance that wont last too long. The stock hit $9 back in April Internet Craze, fell back to 6, and is now climbing back towards $9. What I call a saucer with handle chart formation, often the most powerful bases of which stocks fly off of to the upside. That said... the fundamentals and timing look even better. Some of you may have heard of RealNetworks, formerly known as RealAudio. They pioneered Audio and now Video streaming over the net. Their Real G2 player is the defacto standard for viewing video and listening to audio over the web. Well, the valuation is also 8.8 billion for REAL. WPNE has similar potential, current valuation is 93 million. Here is the chart link for starters...host.cnbc.com Ok, so the chart looks pretty... what else. Well, they just won "Best of Show" at the Internet Expo in October. Out of 600 entrants, only 6 winners were chosen, then Best of Show amongst them went to White Pine. The last company that won Best of Show at an E-commerce event was Magic Software, back in March in Boston. The stock was also $9 per share and at a 52 week high. Magic is now $30 and still cheap. Get the picture? Wait, it gets better... White Pine has won numerous awards, too many to mention for their software... see www.wpine.com their website to get more details on this and what they do. The Cu SeeMe technology allows ASP and ISP providers to provide on demand video-voice chat fully integrated into a website, without need for download by consumer. This would likely be an explosive application should it become widely adopted. Apparently this company is 8 months easily ahead of nearest competitor in the space. Novell just signed on to use their technology, now that is huge. Yet no analyst follows the company, just like Magic. Here is more infobiz.yahoo.com My opinion is the company will likely turn profitable in q1 of 2000. I remember when REAL turned its first profit not long ago... As a few ISP's and ASP' adopt this technology, the stock could run as high as $100 per share. Its currently $8 3/4. I bought today at 8 7/8 and plan to hold. Its somewhat speculative, but Im a high risk taker. Do your own due diligence, and as always.... all my picks are merely for information, not intended as recommendations to buy or sell. Cheers Dave www.onelist.com/subscribe/smrm