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Technology Stocks : MessageMedia Inc. (MESG) -- Ignore unavailable to you. Want to Upgrade?

To: Gutterball who wrote (444)	12/14/1999 8:08:00 PM
From: Mr. Park	Read Replies (1) \| Respond to of 553

Here you go DanPrice (as of close of 12/13/99): $16.44 52-Week Range: $26.75 - $3.88 Dividend/Yield: nil Market Capitalization: $896.0 million Shares Outstanding: 54.5 million Estimated Float (Shares): 22.8 million Average Daily Volume (Shares): 266,638 Book Value Per Share: $2.50 LTM Sales: $5.6 million Debt/Capital: 0.04% ROE (LTM): nil 12-Month Price Target: $26.00 FYDec. EPS % Change P/E 1998 ($0.63) NM NM 12 Mos. ($0.73) NM NM 1999E ($0.98) NM NM 2000E ($1.25) NM NM 2001E ($0.74) NM NM 3-Year Estimate CAGR in Rev. (1998A-2001E): 327% MessageMedia, Inc. provides permission-based e-messaging solutions that help companies improve customer communications, strengthen customer loyalty, and ultimately improve the lifetime value of a customer. The Company generates revenue by offering an outsourced service solution for a subscription fee or a packaged software solution for a one-time licensing fee. Headquartered in Boulder, Colorado, MessageMedia has 280 employees and maintains offices in Alabama, New York, and California. HIGHLIGHTS AND CONSIDERATIONS * We believe that MessageMedia, Inc. is in the right markets at the right time, and we expect that the Company will continue to capitalize on three macroeconomic trends: * Internet adoption and e-mail usage are growing rapidly on a global scale. The Internet is a relatively small but fast-growing component of the content distribution, direct marketing, and customer relationship management (CRM) industries. A growing number of companies are outsourcing non-core technology. * While MessageMedia's current customer base consists primarily of businesses communicating with consumers, we believe there is enormous potential for the Company to leverage its solutions in the burgeoning business-to-business (B2B) marketplace. MessageMedia currently provides Cisco Systems (CSCO), one of the most technically advanced B2B companies in the world, with messaging services that allow Cisco to interact more efficiently and effectively with its network of resellers. * We believe that MessageMedia's relationship with SOFTBANK will provide the Company with a long-term, sustainable advantage over many of its competitors. We suspect that this strategic alliance has brought the Company large, well-respected clients such as Yahoo! and ETrade, and that it will continue to provide global exposure to new clients as SOFTBANK expands its international portfolio of Internet companies. MessageMedia has been under the radar of institutional investors and investment banks. Because the Company is the result of a series of acquisitions and a reverse merger instead of the typical high-profile, Internet IPO, we believe that MessageMedia's story is generally misunderstood or not known. * MessageMedia has solid projected revenue growth. We project that MESG will have 4Q 1999 revenues in excess of $5 million, year 2000 revenues over $44 million, and will grow revenues at a 327% CAGR over the next three years. * We believe that MessageMedia's management will continue to successfully build out its product offerings through an aggressive course of acquisition. The recent acquisitions of RevNet Systems and Decisive Technology demonstrate MessageMedia's commitment to developing a broad suite of solutions and transitioning into a provider of electronic online customer relationship management (e-CRM). * We believe e-mail is an efficient and effective way for businesses to initiate, maintain, and enhance valuable relationships with customers. From our perspective, it is not possible for other traditional direct marketing and customer service modalities to compete with e-mail on cost, speed, or data collection. * We believe that MessageMedia possesses a compelling financial model. By migrating high-growth customers from software packages to service solutions, the Company should create recurring, transaction-based revenue with higher gross margins. * We believe that MessageMedia is using the right strategy for future business development. By focusing internal resources on clients with the highest growth potential, the Company should continue to discover new lines of business and grow revenues rapidly, while improving gross margins. The benefits of this strategy were seen in Q3 1999, when MESG's top ten accounts contributed 69% more revenue than in Q2. Stephens Inc. maintains a market in the common stock of MessageMedia, Inc. and may act as principal in these transactions.

To: Gutterball who wrote (444)	12/15/1999 9:34:00 AM
From: Gutterball	Read Replies (4) \| Respond to of 553

Stephens Inc. Initiates Coverage of MessageMedia Leading Investment Research Firm Issues 'Buy' Rating BOULDER, Colo.--(BUSINESS WIRE)--Dec. 15, 1999--MessageMedia Inc., a leading provider of marketing and customer relationship management services, announced today that investment bank Stephens Inc., has initiated coverage of the company and issued a ''BUY'' rating on MessageMedia stock, with a 12-month target price of $26. Shares of MessageMedia closed yesterday at $16-7/16. ''We are very pleased that Stephens Inc. has added MessageMedia to its coverage roster,'' said Larry Jones, president and CEO of MessageMedia. ''Stephens recognizes that its research -- and pending research from other investment banks -- will help underscore our company's leadership position in the e-mail marketing space.'' The report by Stephens Inc. represents the first formal research on MessageMedia. ''We believe that MessageMedia has remained below the radar screen of many investors while new public offerings have garnered more attention,'' said Brad Eichler, Lead Internet Analyst at Stephens Inc. ''We hope our team's coverage will have a positive effect on the company's visibility and investor profile.'' The Stephens Inc. report highlights a number of positive factors in MessageMedia's core business and strategy. Analysts cited the company's high-profile client list, which includes Cisco, CMP Media, ETRADE, Estee Lauder and Charles Schwab, and its comprehensive product offerings relative to other messaging providers as key advantages. ''We're proud that Stephens Inc. recognized the breadth of our services as a competitive advantage,'' said MessageMedia's Jones. ''Unlike many of our competitors, we offer a comprehensive suite of products and services for e-marketing and e-customer relationship management solutions.'' MessageMedia's offerings include outbound messaging, e-marketing campaign management, inbound e-mail customer care processing, surveys, and customer database management services. ''We also like that MessageMedia is leveraging its product and service offerings in the B2B marketplace,'' Eichler said. ''The company currently provides Cisco Systems #reply-12233363, one of the most technically advanced B2B companies in the world, with messaging services that allow Cisco to interact more efficiently and effectively with its worldwide channel partners and customers. That is a model that can be applied to numerous businesses.'' Stephens Inc. also expressed support for MessageMedia's strategy to migrate away from the mass distribution of low-value e-mails (blasting) toward a more value-oriented focus on customer relationships* #reply-12260244. ''Customer acquisition is only one part of the puzzle,'' said Eichler. ''We believe that MessageMedia can continue to add value and achieve an integrated role in the relationship between businesses and their customers.'' About Stephens Inc. Stephens Inc. is a full-service investment banking firm headquartered in Little Rock, Ark., with regional corporate finance offices around the U.S. Stephens Inc. serves the investment needs of clients, both nationally and internationally, including institutional investors, corporations, state and local governments, financial institutions, public agencies and individuals throughout the United States and overseas. The company is proud of its ability to maintain long-term relationships with people and companies across America, offering them all the capital resources and clout of Wall Street. It is this commitment that has earned Stephens Inc. recognition as an industry leader and a position as one of the largest regional investment banking firms in the country. To access the full report, go to stephens.com. About MessageMedia, Inc. MessageMedia is the leading provider of e-mail-based customer relationship management and direct marketing services. The Company offers a comprehensive suite of outsource messaging services for information delivery, e-commerce services, permission-based direct marketing, ongoing customer communications and real-time customer feedback solutions using industry standard Internet protocols. disclaimer, etc,