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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: Jenna who wrote (9626)	5/22/1998 2:12:00 PM
From: Jenna	Respond to of 120523

TKTM..Ticketmaster, while researching next weeks earnings I came across the following news on TKTM. It reports next Friday. chart was really bad coming into today. But the stochastics were oversold and the report issued on May 14, makes TKTM look like a solid prospect for next week. Thursday May 14, 3:17 pm Eastern Time *Ticketmaster Reports 270% Boost in Online Ticket Sales* LOS ANGELES--(BUSINESS WIRE)--May 14, 1998--Ticketmaster Group Inc. (TKTM:NASDAQ) today reported that it sold 522,926 tickets worth $19.5 million over its Internet site, Ticketmaster Online, for the first quarter ended April 30, 1998. This represents a 270% increase over online ticket sales of 153,344, valued at $5.3 million, for the same period last year. ''We are pleased to be at the forefront of the electronic commerce revolution,'' said Fredric D. Rosen, Ticketmaster's President and CEO. ''The explosive growth that we've witnessed over the past year should only continue as the Internet's audience expands.'' Internet sales represented approximately 3 percent of Ticketmaster's overall domestic business for the first quarter, compared to approximately 1 percent for the first quarter of last year. In addition to its U.S.-based Internet operations, Ticketmaster recently completed transactional web sites for its United Kingdom division and its partner in Mexico. The company also recently announced that N2K had agreed to pay $12 million over two years to become the exclusive music retailing representative for Ticketmaster Online. Ticketmaster Online is the Internet's leading provider of live event tickets and information. It receives more than 3 million visits per month, with an average of nearly 100,000 visits per day, based on third party audit reports for the month of March. In a recent report by Jupiter Communications, Ticketmaster was ranked as the thirteenth most trafficked electronic commerce web site for the month of March. Ticketmaster is the world's leading computerized ticketing service, selling 70 million tickets a year through over 2,900 retail ticket center outlets, 29 telephone call centers, and an Internet site. Ticketmaster serves more than 3,750 clients in the U.S., Canada, Mexico, Europe, Australia and South America. The company provides ticketing for 85 professional sports franchises and hundreds of leading arenas, stadiums, performing arts venues, and theaters. Clients receive comprehensive ticket inventory control and management, broad distribution, and dedicated marketing and support services. The public receives convenient access to tickets for more than 150,000 events a year, including a broad range of concerts, sports, family entertainment, and performing arts.