| BUSINESSWEEK ONLINE : MAY 24, 1999 ISSUE | ||||||||
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| COVER STORY
Inside Wall Street: A TV-To-Net Linkup Once upon a time, ACTV IATV was a little-known company--with stock trading at only 2 1/2 back in mid-November. By mid-April, however, the price had rocketed to 21. The meteoric ascent was fueled partly by its HyperTV product, which has attracted the attention of such large companies as Liberty Media Group, General Instrument, and News Corp.'s Fox Sports. The stock has since dipped to 15, but Anthony Stoss, an analyst at Southeast Research Partners thinks the stock will catch fire again. What's so hot about HyperTV? It is all about providing digital applications for cable TV, according to Stoss. HyperTV's concept is to stream data to a PC that gets synchronized to a TV program. It enables cable-TV networks to run a film or show and allow viewers to log on to their Web site. The viewers could then buy products advertised on TV through their PCs. Stoss believes Liberty is eyeing HyperTV, in hopes of enhancing its cable properties by creating an E-commerce vehicle over the Net. In April, Liberty upped its $5 million investment in ACTV with an additional $9 million, with an option to own as much as a 25% stake. Stoss says either Liberty, General Instrument, or News Corp. could end up buying ACTV. General Instrument owns some 2%. ''More deals are forthcoming for ACTV,'' says Stoss. One that's being worked out with a major tech company: a system to track customers' viewing patterns. Stoss expects ACTV's estimated 1999 revenues of $4.2 million will soar to $31 million by 2000. Still in the red, ACTV should narrow its loss to 13 cents a share in 2000, down from an estimated loss of 55 cents per share in 1999, says Stoss. BY GENE G. MARCIAL _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
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 Your Guide to Online Investing COVER IMAGE: Our Guide to Online Investing CHART: The Biggest Online Brokers TABLE: Broker Scoreboards TABLE: Online Brokers That Meet Your Needs Gotta Do the Legwork ``A Diversity of Thought'' Testing the Waters Commentary: Why Old-Line Firms Need New Online Tricks TABLE: Full-Service Dream The Right Tools for the Right Trades Street.Cop TABLE: Smart Investing on the Web TABLE: Web Resources for Online Investors Rocket Science Made Simple TABLE: Quant for a Day How to Seal a Great Bond Deal TABLE: Where to Buy...And Get Info What to Read: The Good, the Bad, and the Terrible TABLE: Wired-Up Investing Books Investor Beware of Web Talk TABLE: Separating Fact from Fiction TABLE: Cross Checkers Smells Fishy? Tell the SEC This EDGAR Is a Real Know-It-All TABLE: Searching the SEC Commentary: Analyst Calls: Let Investors Listen TABLE: Calling All Netizens The Barker Portfolio: A Battle Plan for Accidental Investors Inside Wall Street: Wells Fargo Online CHART: The Rise Trails Other Banks Inside Wall Street: Bidding for 3COM? CHART: Prior Takeovers Fizzled Out Inside Wall Street: A TV-To-Net Linkup CHART: ACTV's Rise Is Due to E-Commerce INTERACT E-Mail to Business Week Online | |||
