To: Jerry Olson who wrote (76615 ) 12/27/1999 2:05:00 PM From: Jenna Read Replies (1) | Respond to of 120523
TSCN..saw a wonderful article on TSCN this weekend. I've mentioned it many times and had this baby since I began using TSCN (it was 7). Now its getting stronger and strong. Telescan: A Web-Eye View of the Financial Markets By Timothy Middleton and Michael Middleton (from Multex Research 12/22) As investors migrate to the Internet for investment research, market data and trading, one company that is enjoying a leading share of that business is Houston, Texas-based TELESCAN (TSCN: research, earnings). TELESCAN is a developer of investment databases and analytical tools. Its share price has tripled in the last 12 months. The company is expected to report its first full-year profit in 2000, after losses in four of the last five years. The company's customers include AMERICAN EXPRESS (AXP: research, earnings) and Standard & Poor's. It has been its consumer deals, however, that have given it a high profile recently. TELESCAN supports CNBC.com's Web site – in a deal that brings in 10% of its revenue – as well as Time Inc. New Media's and Vital Statistics _________________________________ Telescan (TSCN: research, earnings) Recent Stock Price: $23.50 (12/15/99) Shares Outstanding: 16.5M Market Cap: $387.84M 52-week High: $32.87 52-week Low: $7 EPS: 1999E: ($0.16) 2000E: $0.18 2001E: $0.42 Revenue: 1999E: $30.06 M 2000E: $41.2 M 2001E: $64.2 M Citibank's sites. ______________________________ It also recently signed a three-year deal to furnish stock screening and portfolio analysis tools for AMERICA ONLINE's (AOL: research, earnings) Personal Finance Channel. In 3Q99, TELESCAN's sales shot up 68% to $8.4 million, with $6.6 million coming from its Internet-related business. [Editor's Note: Multex.com also contributes brokerage research to AOL's Personal Finance Channel.] "What's happened is that it has more or less reached critical mass," said James E. Ott, an analyst with Southeast Capital. "It will earn margins of 60% to 65% or more on these projects." He rates the company's shares a STRONG BUY.