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Technology Stocks : NTN Communications, worth 185 million? -- Ignore unavailable to you. Want to Upgrade?

To: June who wrote (2953)	3/22/2000 5:04:00 PM
From: Rich Genik	Read Replies (1) \| Respond to of 2985

Hi June, These are the highlights as I wrote on the CC: - We'll lose $600k/year in AOL monthly revenues with the new deal from Dec 99. I don't see this as a serious problem. The AOL contracts have been smaller with each new signing. It's nothing about the quality of the product, just the content industry is getting more competitive on pricing. EART offered $80M to AOL to get the exposure that NTN has been getting paid to provide. It only amounts to around 150 hospitality sites anyway. - $1.7M in ad revenue committed for 2000, "mostly" from the "six digit" deals with Miller and Anh-Busch. Versus 892K for FY 1999. - Buzztime has $500k in committed ad revenue for 2000. Not explained if this was included in the $1.7M number or not. - w/i 30 days expect a placement of 2-4M shares "near market price". I suspect that they are trying to raise at least $10M to continue with the DITV and Buzztime ramp-up. - About 3300 total hospitality sites in North America. That seems about constant or slightly up from last year. Too bad I wasn't able to attend the CC live, I'd have liked to heard a few words about the current churn ratio. - Buzztime will be the focus of management for the near future. They'll be going after the AOL subscribers and the Uproar users, supposedly with a higher quality site. IMHO, they should not rush the grand opening of the site if it isn't ready. I agree with their soft opening strategy. Too many times a company will put up a site that has serious problems just to get it out by some date. This results in a tremendous loss of future activity when the first impression from users is negative. All in all, I found the CC positive. They were supposed to have run out of money at the end of Jan -- they're still around. well, back to work... Cheers, Rich