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Technology Stocks : Source Media SRCM -- Ignore unavailable to you. Want to Upgrade?

To: Ben Wa who wrote (2299)	4/8/1999 11:28:00 AM
From: Sir Auric Goldfinger	Read Replies (1) \| Respond to of 3015

Source Media Inc. (NASDAQ:SRCM) Analysis: Altman Bankruptcy Predictor Company Name: Source Media Inc. Ticker Symbol: NASDAQ:SRCM Date of Analysis: 4/7/99 Conducted by: Samuel M. Williams Vice President Turnaround & Crisis Management, Inc. Two Mid America Plaza, Suite 714 Oakbrook Terrace, IL 60181 Tel: 630-990-9718 Fax: 630-990-9693 E-mail: sam@turnrnd.com turnrnd.com -------------------------------------------------- Financial Summary, USD Millions (1) 12/31/98A -------------------------------------------------- Working Capital, WC 19.95 Retained Earnings, RE (71.51) Earnings B4 Interest & Taxes, EBIT (16.50) Market Value of Equity, MVE 252.96 Book Value of Tot. Liab., BVTL 111.47 Total Sales, TS 26.11 Total Assets, TA 56.59 -------------------------------------------------- Altman's Financial Ratios 12/31/98A -------------------------------------------------- X1 = WC/TA 0.35 X2 = RE/TA (1.26) X3 = EBIT/TA (0.29) X4 = MVE/BVTL 2.27 X5 = TS/TA 0.46 -------------------------------------------------- Bankruptcy Predictor Index, Z (2) (0.49) -------------------------------------------------- Company Health Assessment (3,4,5) Near Death -------------------------------------------------- Footnotes: ---------- 1. Data obtained from the 12/31/98 10-K405. MVE was valued at $18.06/share for the common stock on 12/31/98, plus $25.00/share liquidation preference value for the senior redeemable payment-in-kind (PIK) preferred stock. EBIT and TS are annual figures. 2. Bankruptcy Predictor Index: Z = (1.2X1)+(1.4X2)+(3.3X3)+(0.6X4)+(1.0*X5) 3. Company Health Assessment: Z > 3.0 = Strong 1.8 < Z < 3.0 = In Danger Z < 1.8 = Near Death 4. The Altman Bankruptcy Predictor is widely used in the turnaround industry to assess and predict a company's short-term survival prospects. The model is named after the renowned Edward I. Altman, Max L. Heine Professor of Finance at New York University's Stern School of Business, who published the initial research back in 1968. According to one scholarly journal, Altman's Bankruptcy Predictor has proven consistently accurate over the period of time since its development. The original samples in Altman's research displayed accuracy of 95 percent based on data from approximately one year prior to failure. The accuracy dropped to 72 percent based on two-year data. Subsequent tests on firms that have gone bankrupt since 1968 have shown an accuracy level of 82 to 85 percent. 5. CAUTION!!! This analysis should only be used as an analytical tool. While it can greatly assist an investor or stakeholder in identifying weak companies for further investigation, it should not be used to the exclusion of other types of experienced and informed personal evaluation techniques. Also, please remember that, when using the Bankruptcy Predictor Model, the recent trend is the most important indicator of future success or failure since companies' fortunes rarely turn on a dime. #reply-8773006

To: Ben Wa who wrote (2299)	4/12/1999 11:39:00 AM
From: MW	Read Replies (1) \| Respond to of 3015

so,um,like,uhhh... well, ya know, like does this, ya know, maybe answer your question, ya know?? DJ: LocalSource Live in Rockford, Illinois; Source Media's Interactive Channel (PR Newswire 04/12 08:58:27) Unveils LocalSource Television Programming ROCKFORD, Ill.--(BUSINESS WIRE)--April 12, 1999-- Local And National Officials Preview Nation's First 2-Way Interactive Digital Plant In Insight Communications' Rockford, Illinois System Source Media (NASDAQ:SRCM) and Insight Communications celebrated the launch of Insight Digital cable service and the Interactive Channel's LocalSource(SM) Television programming at Insight's Rockford, Illinois system late Friday, April 9, with a reception for local, state and federal officials. Attendees were able to see the nation's first digital two-way interactive cable plant and preview the LocalSource(SM) suite of services including local weather, sports, movie and event listings as well as the revolutionary SourceGuide(SM) on-screen navigator which will direct viewers to all television options and serve as a TV portal to interactive services including locally sourced Internet content. Commenting on the launch of Insight Digital with LocalSource(SM) and SourceGuide(SM) capabilities, Tom Oliver, President of the Interactive Channel said, "The secret is out. LocalSource(SM) is delivering these services to the Rockford, Illinois community. We are up on schedule." "The initial response from Insight customers has been overwhelmingly positive for digital," said Michael Willner, President of Insight Communications. As we strive to bring our customers a wide range of services that deliver choice and convenience we believe that LocalSource(SM) will offer that to the Rockford community and in the future, our other digital launch markets." Key to the successful launch of LocalSource(SM) Television with Insight was the integration of real-time, two-way capability onto the General Instrument platform of DCT digital terminals, which deliver Insight Digital. Enabled by Source's VirtualModem(TM) 2.5 software, a zero cost download to currently deployed General Instrument (NYSE:GIC) digital terminals, it is compatible with the entire current GI product line, including the DCT1000, DCT1200, and DCT2000. The Interactive Channel also has the ability to integrate VirtualModem(TM) with the Scientific Atlanta digital platform and can adapt the software to all future generations of digital terminals. Commenting on the integration with his company's digital terminals, Denton Kanouff, Vice-President of Marketing for GI's Digital Network Systems Business unit noted, "GI has successfully launched its' digital interactive platform and now passes over 28 million homes in North America. The Interactive Channel service is a strong product that can be deployed on our platform and gives operators an additional revenue opportunity. Interactive Channel also gives consumers a whole new suite of valuable services accessible through their familiar TV set at a very high data rate. When launched in Rockford and Columbus, the VirtualModem(TM) 2.5 integrated DCT2000 terminals will allow Insight Communications to deploy the full suite of LocalSource(SM) television's interactive applications, including a broad spectrum of localized news and content sourced from the Internet, directory and guide services, local e-commerce and targeted advertising capabilities. Cable operators will be able to provide a broad spectrum of interactive services over television, including Internet access and e-mail via upgraded two-way cable infrastructure without relying on telephone connections. These additional capabilities will provide the cable industry with a pre-emptive positioning against satellite and Multiple Dwelling Unit overbuilds, providing local interactive services which act as both an acquisition and retention tool.