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

To: SouthFloridaGuy who wrote (60)	11/12/1998 2:08:00 PM
From: mod	Read Replies (1) \| Respond to of 177

OK by me. Obviously quite a few people are using similar logic. I hope they keep it up for 58 more days. Dennis

To: SouthFloridaGuy who wrote (60)	11/12/1998 2:16:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 177

PUFF, take a hit off this, I posted yesterday so folks could see some #'s...btw, i rode it today from 55-65 and said thank you very much. from briefing:EARTHWEB INC (EWBX): More sewage flowing from the IPO pipeline. The initial public offering of this New York-based provider of online services to IT professionals is expected to price tomorrow. Lead underwriter J.P. Morgan has indicated an initial range of $12 to $14 per share. So why would any institution choke down a few hundred thousand shares of this low-grade offering? Momentum my friend, momentum. It only takes one press release for investors to double their money, a la K-tel International (KTEL 19 13/16 +8 1/4), +72%; (not quite double, but you get our point). Moreover, no matter how poor the business, momentum players will eventually pick the stock up on their radar screen and run it up. Take Crown Books for example. This stock more than tripled in one week amid speculation the struggling brick-and-mortar book retailer would announce plans to launch a Web site. A few days later, the company filed for Chapter 11 bankruptcy protection. So what exactly does EarthWeb do? The company's flagship service, developer.com, features a collection of online resources, including the full text of more than 150 technical books, over 300 exclusive technical articles, over 375 proprietary tutorials, and access to over 150,000 technical resources. EarthWeb derives substantially all of its revenues from the sale of advertisements on its online services, but has recently launched ITknowledge.com, a new subscription-based online service offering premium content for IT professionals. While the company's model is certainly not unique or compelling, the already poor fundamentals are diluted further by the crowded nature of this space. The competition includes sites run by major players: Ziff-Davis (InternetUser.com), CNET (builder.com and activex.com), CMP (TechWeb.com), Mecklermedia (webdeveloper.com), Wired Digital (Webmonkey.com) and IDG (Javaworld.com). Shares Outstanding/Market Cap: 7.9 mln/$95-$111 mln Revenues (First 9-months): 1997= $0.79 mln; 1998= $1.92 mln Losses (First 9-months): 1997= $(1.31); 1998= $(1.72) Price To Sales Ratio (Trailing 12-months): 42-49 (based on $12-$14 offer range) 11:18 ET EarthWeb Inc (EWBX) 43 3/4 +29 3/4: --Update-- Issue currently trading 212% above $14 IPO price; intraday high $59; volume 5.5 mln shares.

To: SouthFloridaGuy who wrote (60)	11/13/1998 1:25:00 PM
From: Walter Fabisiak	Read Replies (1) \| Respond to of 177

Another Internet related company that you might want to look at is SoftLock.com (SLCK). This development stage company has a proprietary encryption technology that can be used by companies that sell content over the Internet. With a market cap of only $15 million, SLCK can be viewed as the equivalent of a long term call option play on the Internet. If you missed the Earth Web rocket, you owe it to yourself to conduct some due diligence on SLCK. Check out the web site (www.softlock.com). The company plans to execute its business plan early next year and, if it lands a few key contracts, the stock could become the next target of the Internet feeding frenzy. Walt