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Microcap & Penny Stocks : Entertainment Digital Network OTCBB: EDNT -- Ignore unavailable to you. Want to Upgrade?


To: David Lee who wrote (35)1/19/1999 4:08:00 PM
From: RLM  Respond to of 101
 
Looks like DNET is ready to take off tomorrow. Closed near it's high and was moving at the end of the day. DNET could take off like it's parent company.



To: David Lee who wrote (35)1/19/1999 4:16:00 PM
From: Stock Watcher  Respond to of 101
 
DL - check latest press release on Yahoo Finance; CEO explains the company's future plans for bringing the internet into the home via TV
and more....sw



To: David Lee who wrote (35)1/19/1999 4:18:00 PM
From: Fundamentls  Respond to of 101
 
I think DNET started getting noticed after its parent, VDAT, shot up from the 2's in early December to 16 3/8 by yesterday. A lot of people bought VDAT on the momentum and then started looking closer. In the process they found an Internet infrastructure company that actually made money four quarters running, trading at 50 cents and a P/E of about 2. The runup in DNET followed the big runup in VDAT by about a week - which is about how long it probably took people to get around to doing their research and believing that DNET is a real company with top-notch people, profits, customers, and a synergistic parent to boot.

DNET basically moves digital video images around the world on wireline in real time. It's got a lot of the top Hollywood studios using it to make production cheaper & simpler. With VDAT's crews around the world, it will now play the same role for real-time PR broadcasts through the PR Newsire partnership, and other stuff.

There's also an unconfirmed rumor that CNN is going to use DNET's infrastructure to move real-time video around. I'm not trying to spread that rumor - just explain today's move.

A broadcast.com competitor? VDAT & DNET can do everything BCST does and a lot more. My guess is they'll leave BCST to do the dull commodity stuff (retransmitting other people's content) and they'll focus on the high value add stuff (producing and owning content). To put it in terms of an analogy, BCST is like a cable company except it doesn't own the cable - all it does is serve content. VDAT+DNET is more like Disney (produce & own content, also own a broadcaster). BCST has been a great daytraders play, but at the end of the day which would you rather own?

A random thought...with Hollywood studios as DNET's best customers, who might be better positioned to deliver streaming movies over the Internet, DNET's parent ... or BCST? Could be a nice home run, no?