Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : SSOL / SSOLW -- SmartServ Online Services -- Ignore unavailable to you. Want to Upgrade?

To: blebovits who wrote (102)	2/10/2000 12:14:00 PM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 266

Some infighting amongst the tribe?!?: "Preston Langley Asset Mgmt, Inc. Initiates Coverage on SmartServ 2/10/0 9:15 (New York) Online (OTC Bulletin Board: SSOL) With a Sell Recommendation NEW YORK, Feb. 10 /PRNewswire/ -- The following is being issued by Preston Langley Asset Management, Inc., a member of the National Association of Securities Dealers, CRD number 35733: Preston Langley today released its researcher report on SmartServ Online Inc. (OTC Bulletin Board: SSOL, SSOLW) with a sell recommendation in a 2 page research report entitled "Fundamentals Do Not Support Current Valuation; Buyers Cautioned." 12 MONTHS PRICE OBJECTIVE $ RECENT PRICE: $170.00 PER SHARE COMMON STOCK: 2,567,852 RECOMMENDATION: SELL FULLY DILUTED: 5,5000,000 approx. FUNDAMENTALS DO MARKET CAP: NOT SUPPORT CURRENT FULLY DILUTED: $935,000,000 approx. ESTIMATED PUBLIC FLOAT 700,000 RISK RATING: EXTREMELY 52 WEEK RANGE: $31/32 TO $186 SPECULATIVE BUSINESS: SmartServ Online is among the leading providers of a broad range of Wireless Internet services. This includes offering a solution that stores customer's critical data; offers anytime, anywhere access to that same information, and routes e-commerce transactions from both PCs and wireless devices. The markets served are expected to exceed billions of units sold in the next decade according to the company. Industry sources forecast a threefold increase in wireless devices by 2003. The company uses both the WAP Application Protocol And Windows CEW platforms for its systems and believes its at the forefront of building applications and systems architecture to enable transactions for the future of Web-to-Wireless e-commerce. SELL RECOMMENDATION: The stock has had a meteoric rise in price since last October reflecting the impact of its major competitors who are better equipped and financed. SSOL has garnered favorable publicity from recent product demonstration at trade shows. Favorable recommendations from TheStreet.com and other Internet investments advisory reports have heavily emphasized the growth potential of the wireless communications market. Furthermore, a small float of shares combined with the aforementioned events, have caused the stock to rise at a spectacular rate, in effect quadrupling in price since last week alone. Recent fundamentals of $800,000 in sales and operating losses do not justify current price levels. The company just announced a completed round of financing at $15 a share!! Despite the positive market interest in wireless technology and industry forecast for this business the shares can move lower on current weak fundamentals. Therefore, we would not consider the stock to be a candidate for a purchase at this time rather a sale. CONCLUSION: For the aforementioned reasons we believe the shares have gotten too rich in price and vulnerable to both profit taking by earlier investors who bought shares at low prices and or a market correction in this highly volatile sector. The company has in registration 2.5 million shares for sale, which may hit the market soon. We do not think a market cap of $1 billion (approx.) is justifiable for a development stage company with insignificant revenue. Therefore we believe the stock is overvalued and should be sold. All investments involve risk. The risk inherent in a particular security may not be appropriate for you. Please consult with your Preston Langley executive to obtain assistance in selecting appropriate investments. This report is published for informational purposes only and is not to be construed as an offer or the solicitation of an offer to sell or buy the security. The information contained herein is based on sources that we believe to be reliable, but we make no guarantee or representation about the completeness of the statements or summaries of available data contained herein. The information is provided as of the date of this report, is subject to change without notice. Furthermore, the information in this report should be considered outdated 90 days after publication, or such earlier date as circumstances may require, and should not be relied upon thereafter to develop investment strategies. Preston Langley does not make a market in the securities of SmartServ Online Inc. Preston Langley Asset Management, Inc. is a full service broker/dealer based in New York. Preston Langley may at times maintain positions both long and/or short or may have maintained such a position in the past or may take such a position in the future in the security mentioned."