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Technology Stocks : WorldGate Communications, Inc. (WGAT) -- Ignore unavailable to you. Want to Upgrade?

To: BobRealEstate who wrote (458)	9/1/2000 6:02:32 AM
From: arnold silver	Read Replies (2) \| Respond to of 589

This is the first part of a new analyst,coverage there 4 more pages 05:00 PM Aug-31 00, 1 pages, Pennsylvania Merchant Group, Analyst: Achramowicz/Bukley Initiation Coverage Part 1 of 2 WGAT Initiating Coverage Of This Cable-Based Interactive Television (iTV) Pioneer With a BUY Rating and a $75 Price Target; BUY * Interactive Television Market is enormous offering numerous revenue streams from equipment sales, advertising fees, transactional fees and Internet access fees to iTV players targeting the sector. Jupiter Communications projects that interactive television will be in 30 million households and represent a $10 billion revenue opportunity by 2005. * Billions of TVs exist throughout the world and at least 240 million can be accessed via cable networks worldwide today. * WorldGate's Technology is the only iTV technology in the world, which is compatible with both advanced analog and digital set-top boxes. * Revenues up 383%, subscriber base rose 126% in latest quarter; expect very strong results in current quarter. Company has deployments throughout the world. * Received $24.5 million investment from large cable consortium involving four of the six largest MSOs in the U.S. This consortium has agreed to deploy hundreds of thousands of WorldGate subscribers over the next twelve months-perhaps 400-600 thousand at minimum. TVGateway platform could reach over 40 million homes or roughly 25 million subscribers from this investment alone. * Believe stock is very timely with tremendous upside potential as customers realize the significant advantages of Worldgate's technology, 3Q2000 should be very good. * Believe major trials with AT&T could result in very large commitment from that firm. Market Cap (Million) $424.6 52-Week Range (NASDAQ) 13 - 50 Avg. Daily Trading Volume 276,818 LT Debt to Total Capital NIL Shares Out (Million) 21.5 Projected 5-Year Rev Growth Rate 100% 1999A 2000E 2001E OLD NEW OLD NEW Mar. ($0.68) - ($0.50) - - Jun. ($0.42) - ($0.51) - - Sept. ($0.40) - ($0.48) - - Dec. ($0.50) - ($0.46) - - FY ($1.89) - ($1.96) - ($1.39) Cal. - - - - -