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Technology Stocks : Multex.com, Inc. [MLTX] -- Ignore unavailable to you. Want to Upgrade?

To: Sam Matz who wrote (48)	3/17/1999 3:14:00 PM
From: mod	Read Replies (2) \| Respond to of 202

I've been using Multex for several years. Great product, much better then First Call, which had a monopoly in brokerage research distribution but was slow to migrate to the internet. Got my 100 shares of MLTX through Wit Capital, as usual.

To: Sam Matz who wrote (48)	3/17/1999 3:15:00 PM
From: Mohan Marette	Respond to of 202

Multex.com Soars in First Day of Trading After IPO (Update1) Bloomberg News March 17, 1999, 8:40 a.m. PT Multex.com Soars in First Day of Trading After IPO (Update1) (Updates with stock price after trading begins.) New York, March 17 (Bloomberg) -- Multex.com Inc., which distributes Wall Street research reports, more than doubled in its first day of trading following an initial stock sale. The New York-based company rose 22 to 36 as about 1.7 million shares changed hands on the Nasdaq Stock Market in late morning trading. Yesterday, Multex.com sold 3 million shares at $14 each, or $1 more than the $11 to $13 range set by lead underwriter BancBoston Robertson Stephens. The shares amount to a 14 percent stake in the company. Multex.com distributes research reports on over 15,000 companies from more than 400 securities firms, including Merrill Lynch & Co.; Morgan Stanley, Dean Witter & Co.; and Salomon Smith Barney Inc. The company provides the reports to institutional and individual investors through its Web sites and through agreements with such companies as Automatic Data Processing Inc., America Online Inc., Bloomberg LP, the parent of Bloomberg News; Bridge Information Systems Inc.;, Dow Jones & Co. Inc.; and Reuters Group Plc. Chase Venture Capital Associates LP owns 14.4 percent of the company while Reuters America Inc. controls 9.2 percent. Multex lost $9.7 million on revenue of $13.2 million in 1998. It had a loss of $8 million on revenue of $6 million the year before. Multex trades under the symbol ''MLTX.'' CIBC Oppenheimer Corp. and Dain Rauscher Wessels assisted Robertson in the sale. --Per H. Jebsen in the New York newsroom (212) 893-3368/mq

To: Sam Matz who wrote (48)	3/17/1999 7:05:00 PM
From: Mohan Marette	Respond to of 202

Company Overview- Here is a bit more information about the company. When mulling over what stocks to buy, Wall Street investors can use Multex.com (formerly Multex Systems). The New York City-based company provides online information and research services to institutional and individual investors. Multex.com has a database of more than 900,000 research reports gleaned from 400 contributors, including brokerage firms, investment banks, and independent researchers. Investors can peruse this online database through a subscription service (MultexNET) or on a pay-per-view basis (Multex Research-On-Demand). Four companies (Bloomberg, Reuters, Merrill Lynch, and Gruntal) account for 68% of sales. Multex.com also offers an Internet community for individual investors (Multex Investor Network) and an electronic document distribution service (MultexEXPRESS). Major shareholders include directors Robert Greene, with about 17%; David Gaynes and Peter LaBonte, nearly 11% (combined); and Milton Pappas, 10%; as well as president and CEO Isaak Karaev, with about 7%. Karaev is also a trustee of Multex Voting Trust, which owns about 17% of Multex.com. Institutional investors include Softbank Ventures, 6%; Rader Reinfrank Investors, 5.5%; and Venture Fund I, 5%. Karaev, a brokerage services executive for Automatic Data Processing (ADP), conceived the idea for Multex in 1993. He believed that distributing stock research reports online (rather than by mail or telephone) could expedite the dissemination of important information. ADP agreed with Karaev and provided him with capital to start Multex in 1993. In its first years of existence Multex provided software services to ADP and worked on the technology necessary to provide its online information service. This service was up and running by 1995, when Multex first started distributing research reports through Bloomberg, a financial data company. Other affiliations followed with companies such as Dow Jones and Reuters. In 1997 Multex went international, opening its first branch office in London. In 1998 the company expanded its services to include the individual investor, reaching an agreement with America Online (AOL) to provide content for AOL's personal finance site. Multex filed for an IPO in May 1998, but withdrew the offering later that year. As market conditions improved, the company refiled to go public in 1999 and changed its name to Multex.com. NEWS & COMMENTARY -------------------------------------------------------------------------------- Company Press Releases Current News for Multex.com More News OFFICERS & EMPLOYEES -------------------------------------------------------------------------------- Chairman, President, and CEO: Isaak Karaev, age 52, $200,000 pay EVP: James M. Tousignant, age 38, $219,942 pay CFO: Phillip Callaghan, age 46, $220,769 pay Managing Director, International Operations: William "Jock" Ferguson, age 50 SVP Sales and Marketing: Gregg B. Amonette, age 46, $220,000 pay SVP Product Development: John J. Mahoney, age 39, $201,730 pay VP Operations: Mikhail Akselrod, age 43 VP, Multex Data Group, Inc.: Malcolm Draper Jr., age 46 VP Publishing: Lauren Keyson VP Software Engineering: Eduard Kitain, age 32 VP Finance and Controller: Philip Scheps, age 52 Director Human Resources: Olympia Romero Auditors: Ernst & Young LLP 1998 Employees: 149 (Company Job Openings) 1-Yr. Employee Growth: 24.2% LOCATION & SUBSIDIARIES -------------------------------------------------------------------------------- Headquarters: 33 Maiden Ln., 5th Fl., New York, NY 10038 Phone: 212-859-9800 Fax: 212-859-9810 Web Site: multex.com PRODUCTS/OPERATIONS -------------------------------------------------------------------------------- Selected Products and Services Multex EXPRESS (electronic document distribution service) Multex Investor Network (Internet community for individual investors) Multex Research-On-Demand (access to research reports on a pay-per-view basis) MultexNET (subscription Web site with access to research reports) Buy Dun & Bradstreet Business Reports Buy Experian Business Profiles Patents