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

To: Nick who wrote (187)	2/19/1999 2:01:00 AM
From: Archie Goodwin	Read Replies (1) \| Respond to of 703

Been doin' a little zoomin around the web tonight and have compiled a few things that show this recent deal a little better than originally thought........ Go to 7thstreet.com and listen to the merger presentation. Then try tutorials.com an impressive list of titles compiled here! Note the bottom of this page is street enabled ibm.com Go here for definition of enabling technology 7thstreet.com Some recent news.... Internet solutions and courseware provider Street Technologies (White Plains, NY) recently expanded upon a multi-faceted agreement with computer giant IBM Corp. (Armonk, NY), opening training up to the company's 240,000 worldwide employees, LLMR has learned. Under the latest addendum to an existing IBM contract, Street's library of 250 online titles-the majority of which are licensed from 15 content providers-are now accessible to IBM employees via the corporate intranet and over the Internet. Over the past year, Street has established an arrangement with IBM through which IBM is reselling content under its name brand by way of a Web site, located at www.ibm.com/sbt, and also through the company's network of 35,000 worldwide distributors, Street CEO Stephen Gott told LLMR. Although he declined to discuss financial terms, Gott also said that under the long-term agreement, IBM will license Street's technology in order to bring all multimedia training to the Internet, opening it up to the consumer market. "Corporations are trying to push training at home," Gott said. "Employees and their families can access the training at home for no additional fee and we're providing a major incentive for employees to learn at home." Founded in late 1995, Street offers courses through content providers on various topics ranging from Microsoft certification titles to desktop applications. The company recently expanded its soft skills portfolio to include more topics like leadership and conflict resolution, and will soon bring a sexual harassment title to market. Currently, about 30% of titles cover IT topics, another 30% cover desktop applications, 25% are productivity improvement topics and about 15% are purely soft skills. Gott told LLMR he anticipates revenues of about $10 million in 1999, while the company's library is expected to reach between 600 and 800 titles by the end of the year. Street grows its catalog of courses about 20% per quarter, he added. The company plans to boost its own name recognition through a newly created Web site located at www.tutorials.com, which features complete information on all Street titles. Seems Street Technologies Inc. went public nice 'n easy! regards A.G.