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Technology Stocks : Sportsline (SPLN) -- Ignore unavailable to you. Want to Upgrade?


To: BP Turk who wrote (700)4/21/1999 11:06:00 AM
From: Bill France  Read Replies (1) | Respond to of 858
 
Yeh, then why the hell is it down BIG TIME this AM??
This jsut doesn't figure right....
Anyone know what's going on?/

Bill



To: BP Turk who wrote (700)4/21/1999 11:31:00 AM
From: James Fulop  Read Replies (1) | Respond to of 858
 
>>Buy rating and $75 price target by Paine Webber!!!<<
Do you have a link for that? Thanks.



To: BP Turk who wrote (700)4/21/1999 1:25:00 PM
From: B. A. Marlow  Read Replies (1) | Respond to of 858
 
CBS MKTW: SportsLine USA bests estimate

Online sports publisher cites strong traffic

By Darren Chervitz, CBS MarketWatch
Last Update: 5:11 PM ET Apr 20, 1999 Also: NewsWatch
Internet Daily

NEW YORK (CBS.MW) -- SportsLine USA on Tuesday said it posted better-than-expected first-quarter results, thanks in large part to strong traffic on the publisher's Web sites.

The Ft. Lauderdale, Fla.-based company (SPLN: news, msgs) recorded a loss of 47 cents a share on sales of $11.1 million. The First Call analyst consensus estimate called for a 49-cent loss.

But it's probably the top-line numbers that will please analysts who follow the company, which last quarter fell about $200,000 short of the Street's consensus sales estimate. The NCAA March Madness basketball tournament generated $3 million in sales alone for the company.

"We continue to see strong growth in all the key metrics, from traffic to advertising to e-commerce," said SportsLine President and Chief Executive Michael Levy in a press release.

Robert Martin, an Internet analyst at Friedman Billings & Ramsey, noticed some strong traffic trends earlier this year and upped the stock's rating to "buy" in the first week of April. SportsLine beat his top-line estimate by $1 million.

"From looking at their international traffic and a number of other intiatives, we estimated traffic was running ahead of our expectations," said Martin, adding that second-quarter traffic "looks as strong or stronger" than the first quarter.

Endurance athlete

Rival ESPN (DIS: news, msgs) still gets the most Internet traffic, but SportsLine is gaining. According to a company press release, Media Metrix figures show that Sportsline's reach increased by 60 percent from February to March, while ESPN rose only 23 percent. Fox Sports' (FOX: news, msgs) reach rose 43 percent, while CNN/SI lost 5 percent.

"ESPN still holds the pole position ... but Levy has stated his intention to be the No. 1 sports destination site on the Web. Our guess is he'll get there," Martin said.

Shares closed up 3 5/8 to 43 5/8 ahead of the report.

CBS (CBS: news, msgs), part owner of the publisher of this site, has a stake in SportsLine USA.

Darren Chervitz is a reporter for CBS MarketWatch.

cbs.marketwatch.com



To: BP Turk who wrote (700)4/27/1999 12:03:00 AM
From: BillCh  Respond to of 858
 
Discount Paine Webber's recommendation!
As i've pointed out to them, SPLN's business model is based on theft, so its not viable in the long term. It cinsists of obtaining credit card information under the guise of 'free membership', and then makes cancellation impossible until sufficient revenue has been stolen from the unsuspecting internet user's card. Until stronger consumer protections are in place by a lackadaisical government, scams like SPLN will continue to be perpetrated on the internet community, to the detriment of all.