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Technology Stocks : EarthWeb IPO -- Ignore unavailable to you. Want to Upgrade?

To: $Mogul who wrote (159)	12/17/1999 6:10:00 AM
From: swisstrader	Read Replies (1) \| Respond to of 177

Business Week article on EWBX: EarthWeb to Boost Online Business-to-Business Niche, Business Week Says New York, Dec. 16 (Bloomberg) -- EarthWeb Inc., an online provider of business-to-business information, is seeking to boost its flagship ITKnowlege.com and dice.com services used by information-technology companies, Business Week reported in its ``Inside Wall Street' column, citing its chairman, Jack Hidary. The Nasdaq and several Internet companies such as Yahoo! Inc., Amazon.com Inc., MCI Worldcom Inc. and Excite at Home Inc. are expected to join EarthWeb's existing clients, which include Cisco Systems Inc., Intel Corp. and Gap Inc. EarthWeb has taken advantage of increased business-to-business traffic with more advertising and sponsorships, according to Charles Wittman, a First Union Securities Inc. analyst who rates the stock a ``strong buy,' Business Week said. EarthWeb reported in October that its third-quarter loss widened to 93 cents a share from 41 cents a year earlier, though revenue climbed more than ninefold. (BW 12/27 P217) For the Web site of Business Week, type WBWK . Dec/16/1999 20:38 For more stories from Bloomberg News, click here.

To: $Mogul who wrote (159)	12/17/1999 6:18:00 AM
From: swisstrader	Read Replies (2) \| Respond to of 177

More on the BW Article and EWBX doing B2B: BUSINESSWEEK INVESTOR -- INSIDE WALL STREET Dec 27, 199 Issue EarthWeb Gets Down to B2B What's hot these days is B2B. That's Net shorthand for business-to-business service. So most Net companies are seeking niches in that zone. EarthWeb (EWBX) aims to be the dominant B2B provider of online services to information-technology (IT) companies, says CEO Jack Hidary, through its flagship services, such as ITKnowledge.com and dice.com. For its ITKnowledge, which provides internal IT staffs access to technical books and source codes, clients include AT&T, Cisco Systems, Intel, IBM, and Merrill Lynch. And for EarthWeb's dice.com, a national job site for IT professionals, Bank of America, Hewlett-Packard (HWP), Gap (GPS), and Walt Disney (DIS) are among its subscribers. Several Net giants are expected to sign up soon, including Yahoo! (YHOO), Amazon.com (AMZN), MCI WorldCom (WCOM), Excite@Home (ATHM), and the Nasdaq. Analysts expect EarthWeb, which has yet to post profits, to show revenues of $30 million in 1999 and $51 million in 2000. 'EarthWeb's third-quarter results highlight the strength of B2B Internet business models,' says Charles Wittman, an analyst at First Union Securities. B2B has brought traffic that EarthWeb has taken advantage of with ads and sponsorships, says Wittman, who rates the stock, now at 35 a share, a 'strong buy.' By GENE G. MARCIAL _