By Riva Richmond
Of DOW JONES NEWSWIRES

NEW YORK (Dow Jones)--Mary Meeker is as jazzed about the Internet as ever.

The Morgan Stanley analyst, well known for her bullish and influential calls on Internet stocks during the late '90s craze, says the predicted boom is underway.

"The enthusiasm was well placed, it just got ahead of itself in many respects," Meeker said, speaking at the Interactive Local Media 2004 conference in Jersey City, N.J., Friday. "As we have said for a long time, from a wealth-creation standpoint, we believe we lived through a boomlet, followed by a bust, followed by a boom."

As evidence, Meeker pointed to the combined market value of eBay Inc. (EBAY), Google Inc. (GOOG), Yahoo Inc. (YHOO), Yahoo Japan Corp. and Amazon.com Inc. (AMZN), which was $231 billion as of Wednesday. That's a remarkable turnaround from $32 billion on Oct. 9, 2002, when the Nasdaq market bottomed, and a sum that has exceeded the March 10, 2000, peak of $178 billion.

The good news is, this time, revenue and profits are driving the boom, not just excited visions of a wired future. For two years now, Internet companies have mostly posted better-than-expected quarterly results, as growth in e-commerce and online advertising accelerated. In the third quarter, eBay reported 44% year-over-year revenue growth to $806 million. Yahoo's revenue rose 84% to $655 million and Google's doubled to $503 million. All reported handsome profits.

At work are rising numbers of Internet users globally and their increasing use of online services, combined with Internet companies' continuously improving ability profit, Meeker said. In fact, Internet companies' hot competition for consumers and advertisers is creating a virtuous circle, she said. Their feverish innovation is attracting even more users, driving more Internet use and giving their patrons more reason to spend.

Internet company innovation is focused on improving user experiences with simple, quick-to-download Web pages; providing more effective search engines and search-advertising tools; introducing more personalized and targeted content and ads; offering more sophisticated music, video and local content; and improving accessibility to content, whether on mobile devices or PCs, Meeker said.

"We've never had such a long list of (near-term) drivers" behind Internet user and usage - and Internet company - growth, she said. Meeker predicted 10% to 15% annual global user growth, 20% to 30% usage growth and more than 30% improvement in monetization metrics during the next two to four years.

The success of the big Internet players, particularly in search technology, is attracting attention from would-be rivals. In particular, Microsoft Corp. (MSFT) has mobilized to develop its own search engine, which Meeker believes could be available before Christmas. The move is in large measure designed to counter the threat posed by Google, which has entered Microsoft's turf with a new tool for searching files and e-mails in Windows PCs.

While Microsoft could become a competitive threat to established Internet players, Meeker argues its success isn't assured. Unless its search technology is clearly superior to those of Google and Yahoo, it will be hard for it to take share.

"Microsoft has to show their ability to compete, and they haven't quite done that," she said. "This is a more competitive market for Microsoft to play in than they've had in a long time."

Meeker believes the incumbents "all have a fair amount of running room for the next couple of years," but will only hold their positions if they stay cutting edge by continuing to innovate and acquire emerging companies.

"Execution on strategy, which can be hard to predict, will be the determinant of continued success," she said.

- Riva Richmond, Dow Jones Newswires; 201-938-5670; riva.richmond@dowjones.com

(END) Dow Jones Newswires

11-05-04 1615ET

Can anyone tell me what is happening with this stock???

quote:

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Originally posted by Doctoall:
Is no one interested in this stock or able to tell me what is happening with it????

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Symbol change tomorrow. Try MSEP(Motorsports Emporium, Inc)

Ten Stix Changes Name to Motorsports Emporium, Inc.; Company Accelerates into Motor Sports Industry
12/7/2004 9:30:00 AM

SCOTTSDALE, Ariz., Dec 7, 2004 (BUSINESS WIRE) -- David Keaveney, CEO of Motorsports Emporium, Inc. (MSEP), announces a new corporate name, new stock trading symbol and acquisition details as it accelerates into the Motor Sports industry.

Keaveney comments, "Our new name and trading symbol identifies us as a motor sports business, focusing on increasing revenues, share price and investor exposure. Our planned spin-off of Ten Stix Gaming this month will complete the transition and leave our gaming company image and its liabilities behind."

Motorsports Emporium Inc., through its operating subsidiary, Scottsdale Diecast, Inc., purchased the assets of ScaleCars, Ltd. as a point of entry into the motor sports industry via its premier website: www.ScaleCars.com. The company has a 2,800 square foot retail showroom in Scottsdale, AZ and an Internet store that averaged $276,000 in annual revenue for the past three years (while being run as a part-time venture). The purchased assets also included a database of 30,000 customers, a large inventory of approximately 2,400 items, a custom digital photo shop, numerous marketing and promotional materials and a rich corporate history. The company plans to utilize cross promotion marketing of additional products and services to expand its customer base to 100,000 and increase revenues to the $1 million to $5 million dollar range.

Keaveney stated, "Our acquisition was timely, the price was based on the wholesale cost of current inventory, and the terms were very favorable to both parties. Bottom line, we were in the right place at the right time, in an expanding industry reaching across America and around the world. Retailing die cast cars to enthusiasts is only the first step for Motorsports Emporium. Current revenue at ScaleCars.com is derived from repeat in-store and Internet sales. By ramping up our marketing and exposure we instantly open doors for additional revenue opportunities including product licensing, manufacturing, wholesaling, sponsorships, strategic alliances and racing series."

Keaveney continues, "It's important for the investment community to know that I don't believe our current stock price represents the true value of our future cash flow. With the spin-off of the gaming subsidiary liabilities, the increase in acquired assets and daily cash deposits, our market cap is barely higher than our acquired inventory! As we finish up our financial year on December 31 and the audited numbers are announced, I believe investors will be surprised at our financial progress and they will value the stock more appropriately than its current historical lows."

For further information about Motorsports Emporium, Inc. or ScaleCars.com contact David Keaveney at 480-556-0821, via e-mail at dkeaveney@cox.net or to purchase products click on www.scalecars.com.

This news release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities and Exchange Act of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

SOURCE: Motorsports Emporium, Inc.