To: kemble s. matter who wrote (155644 ) 3/28/2000 7:01:00 PM From: calgal Read Replies (1) | Respond to of 176387
Hi Kemble! Watch out for those punches! Maybe you should take a self-defense course! :)Leigh The advance came as companies such as Lycos Inc. and Dell Computer Corp. bought stakes in Fast and started using its Internet search engine, and on expectations that the data storage technology being developed by Opticom's Thin Film Electronics ASA unit will succeed." quote.bloomberg.com Shares Could Rise 80%, Fast May Double, Dresdner Says By Beate Schjolberg Oslo, March 27 (Bloomberg) -- Opticom ASA's shares could rise as much as 80 percent in the coming year, boosted by demand for the Norwegian Internet technology company's search engine and data storage subsidiaries, said Dresdner Kleinwort Benson in a report. Opticom shares could rise to 2,640 kroner ($317) per share from the current 1,475, while Fast Search & Transfer ASA, in which Opticom owns 39 percent, could more than double to 1,334 kroner per share from 652 kroner, said Dresdner, which initiated coverage of both stocks today with ``buy' recommendations. Opticom's market value has surged to 16.5 billion kroner from less than 1 billion at the start of last year, while Fast has swelled more than twentyfold to 22.7 billion, placing them among Norway's top 10 companies by market value. The advance came as companies such as Lycos Inc. and Dell Computer Corp. bought stakes in Fast and started using its Internet search engine, and on expectations that the data storage technology being developed by Opticom's Thin Film Electronics ASA unit will succeed. Thin Film's technology ``can potentially take as much as 5 percent of the global semiconductor market,' said Charles Newington-Bridges, an analyst at Dresdner Kleinwort Benson. ``Opticom is a unique investment vehicle that captures exposure to Fast now, with the benefit of any potential upside from the IPO, and also offers a cheap call on Thin Film.' Last week, Fast said it's considering listing its shares in Oslo and on the Nasdaq system through an initial stock sale this summer to boost attention and demand for the stock. Fast currently trades on the over-the-counter market in Oslo, while Opticom is listed on the Oslo Stock Exchange. Fast's set to show a pretax profit of $9.8 million this year on sales of $35 million, rising to pretax profit of $38.5 million on sales of $100 million next year, according to Dresdner Kleinwort Benson. Intel Corp. bought a 6 percent stake in Thin Film Electronics, which it may increase to 13 percent at a later date. The two companies are cooperating on developing Thin Film's technology, which uses polymer film to store data. ``It's increasingly likely that Thin Film's technology will succeed,' which would make the company worth about 11.3 billion kroner, said Newington-Bridges. By comparison, New York-based Constellation 3D Inc., Thin Film's main competitor, has a current market value of $2 billion, though ``its product is inferior and they are further away from commercialization,' he added.