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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mark[ox5] who wrote (444)	2/5/1999 10:46:00 PM
From: puborectalis	Respond to of 779

IPO From Internet Advertiser Modem Media.Poppe Tyson Draws Buyers NEW YORK -(Dow Jones)- An initial share offering from Internet advertising company Modem Media.Poppe Tyson Inc. was well received Friday. The 2.6 million class A common shares (MMPT) closed their first day of trading at $45, nearly three times the offering price of $16. Nasdaq volume was 4.7 million shares. Modem Media, based in Westport, Conn., is 70%-owned by True North Communications Inc. (TNO), the world's sixth-largest ad company. True North, based in Chicago, is the parent company of the Foote, Cone & Belding, Bozell Worldwide and Temerlin McClain ad agencies. True North will retain control of Modem Media after the IPO, holding heavy-voting B shares. Modem Media.Poppe Tyson was formed earlier this year, when True North merged the nine-year-old Modem Media with Poppe Tyson, acquired as part of Bozell, Jacobs, Kenyon & Eckhardt. Modem Media creates online ads for more than 30 clients, but the top five account for more than half its revenue. Clients include such heavyweights as AT&T Corp. (20% of nine-month revenue), Citigroup's Citibank (12%), Unilever NV, International Business Machines Corp. and Intel Corp. According to filings, Modem Media's loss for the latest nine-month period shrank to $2 million, while pro-forma revenue rose 46% to $30.4 million. The lack of profit is common with young companies doing business on the Web. But that hasn't discouraged investors from snapping up shares of Internet-related companies, particularly in IPOs. Last February, another Internet ad firm, DoubleClick Inc., launched an IPO at priced at $17 and the stock closed its first day of trading at $26.75, a 57% premium. The shares now are trading in the $90 range. Many investors are betting that strong revenue growth and increasing acceptance of the Web eventually will translate into substantial profits. But the stratospheric stock gains of a number of unproven companies over the past year has many observers sounding cautious notes lately.

To: Mark[ox5] who wrote (444)	2/5/1999 11:11:00 PM
From: puborectalis	Read Replies (1) \| Respond to of 779

Online advertising firm Modem Media.Poppe Tyson (Nasdaq:MMPT - news) jumped $29 to $45 after selling 2.6 million shares at $16 per stub amid a hectic day for initial public offerings. The company's client list runs the gamut from today's Internet darlings, such as E*Trade Group (Nasdaq:EGRP - news) , to corporate titans from yester-year, such as J.C. Penney (NYSE:JCP - news) . With some nice support on the sidelines from 53%-owner True North Communications (NYSE:TNO - news) , Modem Media looks poised to storm the advertising playing field at a time when the industry's near-term growth prospects look quite bright. Lending support to the rosy outlook for advertising today was Morgan Stanley Dean Witter, which raised its rating on Ogilvy & Mather and J. Walter Thompson parent WPP Group (Nasdaq:WPPGY - news) to "outperform" from "neutral" based on the strong U.S. economy, sending that company's shares up $2 1/16 to $77 13/16.

To: Mark[ox5] who wrote (444)	2/6/1999 9:38:00 AM
From: Cymeed	Read Replies (2) \| Respond to of 779

Mark, I am not familiar with QLGC b4. But I did a little research after seeing your post. It seems QLGC took a huge tumble ($11) on Jan 22 after earning release. Although earnings seem high ($0.76), Q4 98 revenue was lower than Q3. I don't know why and whether this was the reason that the stock took a tumble. But from the chart it also seems QLGC has reversed to a down trend, even b4 the general tech weakness. While I might take a look at it in the future, I don't personally wish to jump in at this moment. Sometimes, we have to treat what MSN or major newspaper/magzine recommendations with a slim of doubt. It could be some existing powerful shareholders trying to promote this stock and unload their shares. A couple of years ago, I was stupid enough to hold the heavy bags for OAKT for those shareholders. Boy, did I lose big. OAKT was such a hot idea then, and it still manufactures the same (actually better) chips for CD-ROM drive and still hold that crucial patent, except its margin is way down and it's stock is in the pennies. On a positive note, that fibre channel thing seems like an interesting trend, What did you get out of your research ? I also heard that today's hot spots re technology are in E-commerce, voice transmission via internet, and internet service. Do you have any recommendations in these areas? (Not AMZN, we both know that one, lol, and hope we both win).