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Technology Stocks : IFLY - travel sales on the web pure play -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (2809)	12/16/1998 12:20:00 AM
From: M.R. Davis	Read Replies (1) \| Respond to of 4761

I do believe that Jerry Sendrow (the CFO) has stated very clearly that the site is on schedule to be up by the end of the year. Where do you get your information? Also I don't believe they will start with 24 hr coverage on the website - but I might be wrong on that. If they have 24 hr coverage on the website then they can also cover phones, because the whole agent setup is dual system - every agent will have phone and website, allowing for total flexibility in assigning human resources to customers. Back to the opening of the website: many of us believe that actual opening of the site will be delayed until w/c Jan 4th..... But we'll see - I think the opening of the site is just the beginning of a substantial PR machine they will be rolling out.... IFLY is not, I believe interested in a BAMM like pop to 45 and then settle back to 12 - they really want to build a solid base price at $15-$20 range as a minimum. This they will achieve through a coordinated PR effort in the first 3 months of 1999 (IMO). Potential news we could see happening: - More updates on IRIS and numbers of users. - More updates on increased numbers of agents. - Great 4th qtr and year end figures. - First London will upgrade to a strong buy with a new 12 month target price. - Major brokerage will initiate coverage. - Several interviews and articles - including Mastrini on CNBC. - Warrants will be called in. - Joseph Stevens will upgrade to a strong buy. - Another major brokerage will initiate coverage. - Several deals with 2nd tier portals will be announced. - IRIS system will be expanded and updated. - 24 hour coverage on IRIS and phones will be announced. - 1st qtr earnings pre-announcement. - 1st qtr earnings announcement (of 0.12 a share) - 3rd major brokerage announces coverage. - Hot stock pick by several newsletters, market commentators etc..... Remember two of the directors have extensive experience in investment banking. From 1994-1997 Michael Gaggi was senior VP at Joseph Stevens (an investment banking firm in New York). And Pasquale Guadagno was senior VP at Smith-Barney in New York from 1990 through 1993 - since then he's been heading up a couple of different investment banking companies. I imagine these guys know the ropes, know the people and know what it takes.... watch it all happen in the 1st qtr of 98. (And these guys are loaded with IFLY stock and didn't sell at 10)