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Technology Stocks : Dialog Corp.: Good Buy? (DIAL) -- Ignore unavailable to you. Want to Upgrade?

To: Vegas who wrote (107)	1/14/2000 5:07:00 PM
From: jft	Read Replies (1) \| Respond to of 116

From yesterday's Daily Mirror CITY SLICKERS: DAN GOOD SHOW DIALOG SHARES ROCKET AT LAST AT LAST, the sun is shining on Dan Wagner's Dialog Corporation, with the share price heading to 200p. This is a company just about every Slicker reader seems to have shares in on our recommendation - and for several months, it has made us look like a couple of losers. But it seems the corner has been turned by Dialog, which provides online business information. Since the turn of the century, its shares have risen from 91p (the price we first tipped them at nearly a year ago!) to close yesterday at a decent 11op in a near 10 per cent surge. Two months ago, they had fallen to just over 60p. The company has struggled with pounds 150 million of repayments to bankers for months, so what's going on? Dan was on a plane as we went to press so he couldn't talk, but our pals in the City say good news about Dialog's debt is imminent. After months of tense talks, a restructuring of the debt is thought to be in place, releasing more cash to expand the business and generate more profits. Details are expected to be announced early next week. That's just the start. The brilliant Fujitsu deal Dan signed last year is about to reap rich rewards, with huge licence payments coming to Dialog from the Japanese electronics giant. There's also talk of a licensing deal with Netscape, the Internet software company. And the mega-merger of AOL and Time Warner this week has made Dialog's Internet content appear more attractive to the City. All of this explains why broker ABN Amro is about to publish a very strong "buy" note on the company. We have, of course, learned by our mistakes not to make wild predictions about Dialog. But Slicker maintains that this is the world's top on-line information provider, and its management are among the best in the world. The shares are worth 200p as we've always said. But we now feel confident they might actually get there.