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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: uu who wrote (23816)	4/2/1998 7:14:00 PM
From: Jimbo Cobb	Read Replies (1) \| Respond to of 97611

ETEL...here's why: 1st of all, start-up Internet-telephony companies aren't judged on trailing 12-month revenues....it's a momentum play whose software has been judged by some to be superior to VOCLF, the industry leader... biz.yahoo.com bloomberg.com ooops...scratch that bloomberg one...headlines have changed...it was an upgrade to ETEL with a new price target of $20 from Kaufman Bros. Publications Cast Spotlight On Internet-Phone Software Firm E-Net Dow Jones Online News, Thursday, April 02, 1998 at 14:39 NEW YORK -(Dow Jones)- Shares of E-Net Inc., a start-up firm which develops software for enabling phone conversations via private data networks and the Internet, again soared because a trade magazine ranked E-Net's product ahead of that from well-known Vocaltec Communications Ltd. Shares of Germantown, Md.-based E-Net (ETEL) were up $2.375, or 30%, at $10.375 in Thursday afternoon trading. The stock advanced 23% on Wednesday on word of the glowing product review by the LAN Times. The stock has more than doubled since the start of the year. The LAN Times compared products made by E-Net and Israel-based Vocaltec and crowned E-Net the winner. Another publication, Communications News, featured E-Net in a cover story. "Vocaltec for the longest time has been held up as the industry leader," E-Net Chief Executive Officer Rob Veschi told Dow Jones. The review "was something that took people by a storm," he said. NetSpeak Corp., another developer of Internet-telephone software, declined to participate in the LAN Times test. The Internet is expected to carry an increasing amount of voice traffic as the technology to send conversations improves and becomes more easily available. Vik Grover, an analyst at Kaufman Bros., said E-Net's technology is "beating the competition head-to-head." "They're going to be one of the big dogs and they're under the radar of the Street," Grover added. He said the shares could easily reach into the high teens or low 20s. Although calls over the Internet aren't as clear as conventional phone calls, the costs are dramatically lower, and independent of distance. A call across the Atlantic costs the same as a call next door. Experts think that internal corporate networks using Internet-style technology will soon be commonly used for voice calls. VocalTec and NetSpeak have formed partnerships with some key players. Many other companies are scrambling to prepare. Analysts think the big phone companies will get into the business soon, because they will be forced to find a way to stem the loss of revenue. But E-Net only recently launched its flagship product. For the quarter ended Dec. 31, E-Net posted a net loss of $1 million, or 18 cents a share, compared with a loss of $224,000, or six cents a share, in the year-earlier period. Revenue increased to $165,000 from $114,000. Last month, E-Net announced an order from three of Brazil's largest Internet-access providers and another order from Unicent Technologies, an Ohio-based manufacturer of computers. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.