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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 (13215)	8/20/1998 1:51:00 PM
From: JimNewby	Read Replies (3) \| Respond to of 120523

Breaking News! Pres announces military strike against Africa bombings terrorists. How will the market react. DOW now down over 50 points. Jim

To: Jenna who wrote (13215)	8/20/1998 3:15:00 PM
From: Jenna	Respond to of 120523

WavePhore Disputes Ratings Cut To "Sell" By Friedman Billings.. I'd be careful about buying a stock rated a sell, it's like a falling dagger. But after the fallout, I'd consider picking this up for a nice bounce. NEW YORK -(Dow Jones)- WavePhore Inc., a data-broadcast company, responded Thursday to a Friedman Billings Ramsey & Co. analyst's ratings cut that is the apparent cause of a sharp decline in its stock. The company said the analyst didn't have "full and comprehensive knowledge" of its current business operations. Thursday afternoon, WavePhore's Nasdaq-listed shares (WAVO) were down $1.25, or nearly 14%, at $8. Volume totaled more than two million shares, compared with average daily turnover in the stock of 667,049. In a research note Wednesday, Friedman Billings downgraded WavePhore to "sell" from "speculative buy." It cited the low number of advertisiers (15) for the company's crucial WaveTop's service as well as its subscriber levels. The note also cited the recent departure of the unit's vice president of business and development, Sandy Goldman. In response, WavePhore said Thursday that its WaveTop unit has 24 advertisers now, ot 15, and that the resignation of Goldman hasn't hindered the unit's management team. WavePhore added that its fundamentals haven't changed and that its business operations, particularly WaveTop, continue to grow. Advertisers within WaveTop have the ability to go beyond the standard Internet banner ad and create a mini-website with multimedia capabilities, including music, pictures, and video. WavePhore said its WaveTop software is available through more than 85% of all multimedia convergence and TV tuner cards shipped. WavePhore's other business units, Networks and Newscast, continue to show significant improvements in terms of revenue and operations growth, the company said. At June 30,1998, WavePhore had in excess of $19 million in cash on hand