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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: Gator who wrote (1887)	8/17/1998 5:16:00 PM
From: TokyoMex	Read Replies (1) \| Respond to of 119973

Yuppo and ceo thinks he can beat the whisper no ,,

To: Gator who wrote (1887)	8/17/1998 8:28:00 PM
From: MoneyMade	Respond to of 119973

SPYG:NEWS Spyglass Stock Surges On Motorola Contract (08/17/98; 4:15 p.m. EST) By Reuters Internet software developer Spyglass Inc. said Monday it won a multimillion-dollar contract from telecommunications giant Motorola Inc., triggering a 15 percent gain in its share price. Wall Street analysts said the deal represents a significant step in the turnaround of a struggling company and its stock gained 1 1/2 to 11 3/8 in late trading on Nasdaq. Spyglass, based in Naperville, Ill., provides software and services that help devices ranging from consumer electronics to industrial machinery work with the World Wide Web. In the contract with Motorola, Spyglass agreed to provide technology and services that Motorola will use for an as-yet undisclosed product. Douglas Colbeth, Spyglass chief executive, said the product would be used to provide Internet and broadcast capabilities to television sets. He declined to provide futher details, saying Motorola wants to announce the product itself, probably sometime this quarter. Motorola spokesman David Rudd confirmed the deal but would not give specifics, saying it was part of a more substantial announcement scheduled for the International Broadcasters' Convention in Amsterdam in September. The company will then unveil a "revolutionary new consumer product," that will involve technology from Spyglass and others, Rudd said. "It's the largest device-related contract in our history," Colbeth said in an interview, pegging the estimated royalties and fees at "multiple millions" of dollars. "It's a multimedia platform for Internet-based interactive content as well as broadcasted content." Colbeth said the company's largest contract ever was with Microsoft Corp. and involved personal computers. Spyglass will receive royalties from Motorola for the technologies, Device Mosaic 3.0 and Spyglass Microserver 2.0, and fees for custom engineering. "We're starting to see a really nice turnaround in this company after a long bleak period," said Abhishek Gami, an analyst with the William Blair investment bank. The company has been struggling for the past two years. It lost $7.4 million during the first nine months of its current fiscal year and its sales sagged to $8.7 million from $15.1 million a year earlier. Spyglass lost $9.7 million on sales of $21.3 million in fiscal 1997. The new deal with Motorola started in June and the company has already received some revenue, according to a filing with the Securities and Exchange Commission. Barrington Research analyst Frank Sparacino said the whole field is a hot area for an Internet company like Spyglass. "I think the attractive thing is once they get into Motorola and start generating revenues, the opportunity to generate additional revenue is pretty attractive," Sparacino aid. Indeed, Colbeth said Spyglass hopes to win more Motorola business in multiple areas. "We have quite a bit of technologies actually for their wireless platforms, and we're obviously talking to those groups," he said. "This is for a wired, broad-based platform. But, yes, we would anticipate doing business with other groups in Motorola, in addition to more work with this group." Spyglass expects to turn a profit in fiscal 1999. The company went public in June 1995 and surged more than $10 on its first day of trading. But in late 1996, the company turned its focus away from the computer desktop market to making software for everyday devices, like cellular phones, work with the Web. Gami said the company has a roster of 35 to 40 clients with impressive names, now including Motorola. In February, Spyglass signed a licensing deal with Finland's Nokia Ab Oy for its next generation of digital television set-top boxes. Copyright 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means,