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Microcap & Penny Stocks : Zia Sun(zsun) -- Ignore unavailable to you. Want to Upgrade?

To: Frank_Ching who wrote (7039)	3/21/2000 12:45:00 PM
From: StockDung	Read Replies (1) \| Respond to of 10354

Spirit of co-operation rules in Web business scmp.com Monday January 25 2000 Spirit of co-operation rules in Web business At first glance, there was nothing unusual about the Capital Growth Report when it arrived in Backspace's snail-mail box. Of equal parts financial jargon and hype, the report - which charges US$78 for a year's subscription to what appeared to be four badly laid-out pages per month - seemed a typical tech-stock newsletter. What made Backspace choke on his morning coffee was the pick of the month: an obscure public Internet company called ZiaSun Technologies. ZiaSun was known as Momentum Internet when it was based in Hong Kong. Three years ago, a magazine called The Dataphile revealed that Momentum was behind a stable of porn Web sites and phone chat lines that promised Bangkok Babes and China Dolls. Thousands of spam messages advertising these services were sent from Momentum's free e-mail service. While not admitting the spamming, Momentum and now ZiaSun president Anthony Tobin told Technology Post last year that the company no longer ran sex-related businesses. Instead, ZiaSun has latched on to other Web trends. It has an Asian search engine, a stock-trading portal, a financial news service, an advertising network and an auction site called AsiaForSale. It moved to San Diego in 1998 when it began trading over the counter in the US, while keeping most Web operations in Asia, mainly in Hong Kong and Manila. While the company claims to be profitable on modest revenues - $9 million in the second quarter last year - it has been criticised by day traders and investors in the US, who have tried to puncture those claims. Mr Tobin had ZiaSun respond by suing several day-trading and investment sites for alleged defamation. While ZiaSun likes to hype its Web sites - 45 press releases last year - it doesn't appear to be making much money. Most of ZiaSun's revenues came from two off-line subsidiaries, a Philippine-based printing business called Momentum Asia and a US learn-how-to-day-trade seminar which charges $3,995 a head, according to Mr Tobin. So Backspace was puzzled why the editor of Capital Growth Report would hold such an optimistic view of ZiaSun's prospects. 'The company has a dominant position in the exploding Asian Internet market . . . We expect that ZiaSun stock will soon be valued with that of profitable peers such as CMGI, now trading in the [US]$80 range.' A visit to Capital Growth's site (www.capitalg.com) shows it is designed and maintained by Momentum Internet and that Capital Growth offers ZiaSun's Swiftrade stock-trading service to subscribers. Isn't co-operation and alliance-building among Web companies heartening? scmp.com business.scmp.com.

To: Frank_Ching who wrote (7039)	3/21/2000 2:05:00 PM
From: StockDung	Respond to of 10354

Xybernaut Promotes `Buy' Report by Analyst With a Conflict Fairfax, Virginia, March 21 (Bloomberg) -- Xybernaut Corp., a maker of wearable computers, announced last month that an investment research firm issued a 'buy' recommendation predicting its shares would double in six months. A month later, Xybernaut shares had indeed doubled, reaching 29 31/32 on March 2. The report by Access 1 Financial, based in Santa Monica, California, predicted a rosy future for Xybernaut, with revenue rising from the $3.3 million it posted in 1999 to $8.3 million this year and $26.7 million in 2001. ``In our discussions with management, we were impressed by their fundamental vision of mobile computing as the future of the PC business,' wrote Mark Bergman, president and founder of Access 1 Financial. Neither Fairfax, Virginia-based Xybernaut nor Access I disclosed that Bergman owns options to buy shares in Xybernaut, where he worked as a sales executive from late 1997 until Sept. 1998. The report did include a standard disclaimer stating Access 1 employees may buy or sell shares of stocks of companies it recommends. Bergman declined to discuss the extent of his Xybernaut shareholdings. John Moynahan, Xybernaut's chief financial officer, said in an interview that Bergman's connection to Xybernaut wasn't disclosed because 18 months had passed since he left the company. Previously, in January 1999, Bergman issued a Xybernaut `buy' recommendation while working at a New York firm called FAB Capital Corp. He then optimistically forecast that Xybernaut revenue would hit $40 million in 1999. That report also failed to say Bergman had worked for Xybernaut, which he'd left four months earlier. Moynahan, who became Xybernaut's CFO last May, said Bergman's employment record should have been made clear last year. Xybernaut shares rose 1 11/16 to 18 7/8 in midday trading today. Mar/21/2000 12:34 For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.