I feel sorry for you. This company has no hope. I
may not know everything, but I do have a BA in
Computer Science/Mathematics from one of the oldest
schools in the USA. The stock is around $3.30. Looks like
it dropped under $4. I would sell as soon as you can
break even. This stock has gone as high as the
twenties, but it always seems to end up under $6.
Big Petey, talked to my contact today ask him if
the big news that everyone was talking
about. He said no,
more news to come shortly. He said
the company told him that
they needed to make this
announcement public before they
could make the next set of
announcements.For now I'm going to
hold and see what happens.
UOLP was in this price range if fell straight
down to around $2.00. I sure hope that history doesn't
repeat itself in this case. A couple years ago I went
out on a limb (like UOLP) and bought shares of
another educational stock (AMEP) that was trading around
$3. I sold it about six months later at $10.
Education is a big issue with the government and Mario
Gabelli has been preaching Education Education Education
Stocks Stocks Stocks for a couple years now. UOLP falls
into that category with an added bonus - the internet.
This management team better grow up and start taking
care of business.
Two years ago UOL showed real promise as its
stock headed into the mid-20's. Unfortunately it began
purchasing firms whose products had little to do with the
core area. One division had a solid customer base but
was not ready for the web, the other has proved to be
its downfall pulling the parent company into the red
with its high debt structure. As previously stated on
this site, the concept of online training is bright,
but UOL's system includes little if any sizzle, there
are others who have developed proprietary systems
that push the technology envelop. This corporation has
also been riddled by poor management decisions,
constant infighting, and the lack of a cohesive marketing
strategy. By thats just one woman's opinion.
Okay...now I understand. But am curious how much
'info' one can garner from message boards, other than
general stock-holder sentiment and rumour. Some boards
are excellent, some drivel; this one doesn't have
many followers, and few with any real insight into (or
support for) the company. But I ask you-what is it about
UOL that got a number of analysts whipped up into
such a frenzy? What happened back in November, when
the stock climbed above 9? Any chance at a turn
around for this beleagured company? I do respect your
comments, but also have a hard time discounting the really
bright analyst who led me into this stock.....have to
say, though, general sentiment seems to side with your
analysis of the company. Still, in light of my current
(massive) loss, I cling to a thread of hope....your
thoughts are most appreciated...
It's not disdain, but a reality check on the
issues that face the firm. As a writer/editor on this
market segment, I often peruse related posts as a source
of info. When encountering observations that are
clearly contrary to fact, the comments flow...unbiased
Am curious, with all your disdain for UOL
(granted, certainly not unfounded), you maintain enough
interest in the company to post frequently on it's message
board. If you so loathe the company, why don't you move
on to something you can feel better about? This is
not meant to be a slam, I just can't understand why
you would maintain an interest in something you
obviously feel is so worthless.
UOL is taking a bath on the sale of HTR (a
company they should not have bought in the first place).
Add the $.14 charge on top of the operating
And don't get too excited about the "potential base
of over 500,000 students." Potential does not add to
revenue or cash flow.
Finally, how much do you
think UOL had to pay for that $1.1 million? Several
times they've had to go to the well, and I'll bet each
time it gets more and more expensive. Obviously
operating cash flow is a pittance.
So, are you still
excited about the news?
they sold a division and
Enrollments Surge at UOL Publishing, Inc.
$1.1 Million in
Private Placement Completed
McLEAN, Va., Feb. 16
/PRNewswire/ -- UOL Publishing, Inc. (Nasdaq: UOLP - news), an
online host of virtual campuses for distance training
and education programs on behalf of corporate and
academic institutions, today reported a surge in monthly
course enrollments during January, jumping from a 1998
fourth quarter average of 10,000 per month to
Nat Kannan, CEO of UOL Publishing, explained the
current surge was largely due to customer commitments
that were renewed in January at substantially higher
levels. ``We expected commitments to be renewed, but we
were very pleased to see how rapidly existing
customers are expanding their usage,'' said Mr. Kannan.
``UOL's existing academic and corporate customers
represent a potential base of over 500,000 students. One of
our primary objectives for 1999 will be to increase
our penetration with these clients.'' Kannan added
that UOL's average revenue was approximately $18 per
course in 1998, and is expected to grow in
Mr. Kannan noted that the increase in course usage
came from our top ten customers. ``I can't think of a
better testimony for client satisfaction,'' said Mr.
Separately, Mr. Kannan announced that UOL raised
approximately $1.1 million during the month of January through
a private placement managed by Spencer Trask
Securities. According to Mr. Kannan, the majority of
investments came from current UOL investors. The proceeds
were used for both retirement of bank debt and for
Commenting on the effectiveness
of UOL's pure Internet strategy, Kannan said he
expects to report online revenue growth of approximately
20% from the third to fourth quarter of 1998, due
largely to the migration of CBT product customers to