To: hoffy who wrote (52940 ) 2/7/1999 9:08:00 AM From: Mr. Big Respond to of 119973
Remember when www.streetq.com mentioned OMKT - They're on PQT now! The last rumor of OMKT alliance proved true (hooking up with Lycos) I hope this one proves true as well. Bigstreetq.com More good reading: Actually, I wanted to buy PC Quote stocks a few years back. Too expensive for me at $20+ (sometime 1996) at EPS just around .04 to .06 (max). At that time, there were no proliferation of discount online brokerages to the Public and PCQuote was way ahead of anyone. The lag from the retail internet collapsed this company's stock pricing from the outside viewers (sort of ahead of its time) and plus some management issues PQT plummeted. There was a time in 1997 too that a rumor similar to today's rumor on Yahoo came about and speculators artificially rejuvenated the price only to plummet back on a quick denial from PC quote. Fast forward June 1998, Jim Porter was called in to run the show. Turn around time of cutting losses began, starting Nov 98 Quarterly revenues report (up from -.19 EPS to just -.07). Next Month (March), annual and 4th Q results should show either steadily decreasing losses or surprise positive revenues (care to guess?). Notice that PQT feeds: Ameritrade, JBOH, AB Watley, AMEX (yes, the exchange), CNET Snap!Online, Block Trading, Zacks INDI (Individual Investor - which has rumor of beta testing its link to Yahoo), and MarketGuide to name some. I am not waiting for March earnings announcement. Today, 1 out of 7 investors are online. At least anecdotal reports from Online Brokerages are all record sales. PCQuote earns from those either by small commission per transaction or per bandwidth/server dedicated to a customer The link pcquote.com did exist (THAT particular page was albeit around Jan 19 <see info on your cache if you have been lucky to get that> sometime when PCQuote was getting the best of the web award). I am not sure if it substantiates claim to possible buyout, since it could also be a co-branding/co-marketing effort. Yahoo has a new product (Yahoo Pager) that you can download and get alerts and feeds of stocks, news, sports and other stuff. Again, it does not matter. (I was late getting in more at $2-$3 because those needed cash based on online broker rules. By the time I noticed it crossed the minimum $5 on most brokerages, other people were jumping in loads already). The rumor at the Yahoo message board started 2 pm Feb 4 (Thurs). The PQT stock hitting through the 52-week barrier was happening before that rumor spread. It was fanned by JBOH and other brokerage online stocks. And this should be the reason for a logical backdoor play -- it has to be able to get back to around $12 to $15. With or without a merger. This time, PQT is ripe to be seen as an internet company and that is exactly what the PQT CFO said more or less- "we are finally getting noticed". (ok ok, he also did not deny the rumor).