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Technology Stocks : 7th Level -- Ignore unavailable to you. Want to Upgrade?

To: Street Walker who wrote (619)	4/21/1998 7:43:00 PM
From: Tim Luke	Respond to of 1019

This stock jumped from 7 to 9+ in the last 5min. of trading.

To: Street Walker who wrote (619)	4/21/1998 7:56:00 PM
From: Matthew Cooper	Respond to of 1019

"This stock [SEVL]is trading at a multiple near 12 times 1999 earnings" Post the figures. I simply do not believe it.

To: Street Walker who wrote (619)	4/21/1998 8:06:00 PM
From: Doug DuBois	Read Replies (1) \| Respond to of 1019

Check out their web site, 7thlevel.com Download the plugins and you will begin to see what the excitement is about. I forget which demo I was most impressed with. Now imagine these kind of animations being broadcast to your computer with television signals using WaveTop. Remember WaveTop is included in Windows 98, or get the free software now. You need a tv tuner card for your computer. wavetop.net WaveTop is broadcast in many cities now. biz.yahoo.com Doug D

To: Street Walker who wrote (619)	4/21/1998 8:33:00 PM
From: Matthew Cooper	Read Replies (2) \| Respond to of 1019

I don't buy the "12 times 1999 earnings." Here is what the professionals at briefing.com had to say: 7TH LEVEL INC. (SEVL) 6 1/2 +4 11/16. At a time when anything remotely related to the Internet causes the stock price to surge, this developer of character animation technologies which can be used to quickly and easily create rich media content, announced today that it had entered into an agreement with WaveTop, a unit WavePhore (WAVO 15 5/16 -1/16), to distribute its character animation technology with WaveTop content to its users. As might have been expected, shares of of 7th Level are up more than 230%, with almost 11 million shares trading hands, significantly above its daily average volume of 134,681. Of course, with the spike in price today, 7th Level has easily surpassed its previous 52 week high of $4. While we're sure that this distribution arrangement is meant to enhance the prospects of both companies and, in the process, increase shareholder value, we're sure that 7th Level did not expect such a favorable reaction to its announcement. Or maybe it did. It is certainly not the first time that a company has taken advantage of (frothy) market conditions to position its stock to ride a positive wave. Of course, the agreement may turn out to be a hit for 7th Level, especially, since WaveTop's enabling software will be part of the Microsoft Windows 98 operating system. However, 7th Level is a company that has not had a positive quarter in the past four years and revenues fell close to 50% in 1997 from year-ago to $10.499 million. In fact, we could not find anyone that follows the stock and we were not able to get any estimates for what the company expects to "earn" in future periods. But, given that this issue is currently being urged on by momentum players, don't be surprised if in the next couple of weeks or so, this issue comes back to earth.

To: Street Walker who wrote (619)	4/21/1998 10:58:00 PM
From: Joe C.	Respond to of 1019

12 times 1999 earnings - based on what? I've followed this company a long time now and anyone that can estimate how much money they will make next year is speculating. There is no basis for an estimate because the information to build from is not available. They no longer make games, they no longer have 80% of the employees and physical assets they once had, they are in the middle of a merger with a private company for which we have no financial details as to what they will contribute, they have stated that they must secure additional financing (which I suspect has already been arranged but has yet to be made public), they are spending whatever cash they have left to develop a tool that won't be beta ready until the end of this quarter and will therefore be lucky to sell anything to anyone by the third quarter. Don't get me wrong, ride this puppy for all it has. I made a LOT (300%) of money on this stock going long and am happy with what I have. I wish everyone luck in their investments. The product/company has a lot of potential but don't confuse potential with sound financial analysis. Buy this as a spec and live with the results (hopefully all profits!). Joe C.