To: silversoldier a/k/a SI Sy who wrote (113 ) 2/20/2000 6:07:00 PM From: KLP Respond to
Here's some notes from Dec 1999 from Pacific Crest, and why they rate CLKS a "Strong Buy"...I'm going to just type SOME of their comments...Considering the market potential for online education and training and Click2learn's strong position, we rate these shares a Strong Buy with a $18 price target, though the stock could trade higher with its ASP and portal initiatives. John Chambers, CEO of Cisco Systems, said at COMDEX '99, "E-Learning is where e-Commerce was 2 1/2 years ago" and "e-Learning will be the hottest application two years out". IDC estimates that e-Learning market will top $7 billion by 2002, up from $197 million in 1997 representing a compounded annual growth of over 100%. Click2learn is aggressively establishing partnerships with key vertical portals and intermediaries to expand the company's audience of business professionals and individuals. In July (1999) the company established a partnership with Go2Net, another Paul Allen investment, to provide online education and training services across the Go2Net network. Go2Net, a top 10 Media/Web property according to Media Metrix, reported average daily page views of 25.8 million up 40% sequentially from the June quarter. Go2Net purchased $3 million of Click2learn common stock and received a warrant to purchase another $3 million. In September, Click2learn established a partnership with VerticalNet, the leading operator of B2B vertical marketplaces. VerticalNet is actively rolling out education and training services across 20 verticals to provide additional high-value services to its communities and increase the stickiness of its network. We believe Click2learn will be especially aggressive in establishing a distribution agreement to extend its presence and capitalize on its early mover advantage. The Paul Allen Factor:
