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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: jhnewman who wrote (90366)	3/27/2000 9:24:00 PM
From: jhnewman	Respond to of 120523

WAVX in CBS MarketWatch tonight... ************************************ All Aboard On the message boards SpyTV? Investors sound off Also: The Wave System buzz keeps on buzzing By Shawn Langlois, CBS MarketWatch Last Update: 6:29 PM ET Mar 27, 2000 NewsWatch Your thoughts Nothing like a good ol' fashion buyout to kick off this week's message board buzz. Browser trailblazer, Spyglass, Inc. and OpenTV have decided they'd be better off joined at the hip rather than butting heads in the interactive television arena. Both companies have been on an absolute tear since the beginning of the year, and Spyglass continued the momentum on Monday. But while shares of Spyglass (SPYG: news, msgs) celebrated the news with an 18 percent pop, the acquirer, OpenTV (OPTV: news, msgs), hit the skids with a 24 percent pullback. See full story. A situation ripe for conflict on the message boards? When shareholders from both companies began to touch base with each another, one might have expected to see some cyber-stones flying .... but this was not the case. Obviously, the SPYG longs had reason to cheer, especially in the short-term. On Raging Bull, Live2Win broke down his thoughts: "This is a synergistic relationship and a fantastic business move. OPTV got away with theft. The premium paid is VERY TELLING of what other companies in SPYG's sector viewed their intrinsic value to be ... Oh, how I wish I bought those way out of the money call options ... " And over on Yahoo, Woodyi28 tried to soothe OPTV shareholder concerns brought on by the stock decline: "I think this deal has great synergies... and as a SPYG stockholder, I can tell you folks (OPTV longs) that you (which is now 'we') are getting a real gem in SPYG. Spyglass has the browser capabilities that wireless needs, and e-mail and other capabilities that will bolster OPTV in cable set tops ... GREAT DEAL FOR ALL!" But OPTV bulls, like Wojtek on The Motley Fool, also embraced the news "The fact is that OpenTV is a leader in its technology and the prospects are incredible - just think, the TV is the largest information/broadcast source in the world. Internet is nothing comparing to it. OPTV is in the right place at the right time. So, don't sweat the volatility and please, don't try to look for patterns because there aren't any. This is a new era of investing, and listening to old farts trying to predict the stock market future, or even trying to look for patterns is futile." While most were counting the benefits of the union, others still needed some convincing. For instance, despite SPYG's surge, LadyBug couldn't help but feel a bit sentimental: "I have been long on SPYG also since Mosaic days. I feel like I'm losing an old friend here - definitely mixed feelings." But LadyBug was certainly in the minority as most shareholders couldn't be happier. If the harmony on the message boards is any indication of what lies ahead for the merged companies, the sky's the limit. But, as we all know, lurkers in cyberspace don't always get it right. We'll have to check on the stock in due time. The raving Waves The vindication of Wave System shareholders rages on. Wave longs were given yet another reason to celebrate their cuddly, little stock on Monday when an announced deal with AMD hit the tape. See full story. The stock gained momentum throughout the day as shares of Wave Systems (WAVX: news, msgs) finally closed up a robust 11 5/16 to 47 15/16, sparking off quite the cyber-party. Now, at the risk of inciting the wrath of the Wavoids (a fate I wouldn't wish on my worst enemy), I've listed a few posts that I feel are representative of the relentless, bubbly cheers that swarmed one of the Internet's most active message boards. Tlochner felt their was much more to come: "a breakout like today means WAVX is going much higher before pulling back. Time to buy is ANYTIME NOW!" More of the same from Ahab: "AMD is the first big domino! Watch the rest of the domino's fall!" Don't get me wrong (as many of you angry emailers have in the past), posts like this one from MicroCapper are meant only to highlight the excitable nature of the WAVX longs: "Wait till the rest of the investment community digests that news. Tomorrow should be like the gold rush of '49!" LA, another in a long list of giddy shareholders: "I don't know which is more fun, refreshing the quote and watching the price move up or reading all the fabulous posts! The tsunami cometh." And Post #167,448 from Weby illustrated the family feel unique to the Wavoid world: "The value of this board is in its spirit of community and trust. I hope we can keep that spirit healthy as we get many new folks who have not shared the respect built between most of us through the hard times. I expect tomorrow we will have new folks start coming out the Wazoooooo." "Out the Wazoo" indeed ... I guess that's the price you pay when your stock continues to defy gravity with a sizzling 30 percent gain. Shawn Langlois is community editor for CBS MarketWatch.