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October 4, 2004 Stock Pick: OpenTV Corp (OPTV)

Stock Price: $3.16

We released OPTV as stock pick on June 21st at $2.00. We are happy to see that it hit our target of $3.00 by the end of August. However, we believe it has more room to run higher in the future.

OpenTV Corp is a maker of software for interactive television. The company’s technology is responsible for creating sports interactive platforms including ESPN Extra Baseball, NASCAR IN CAR, College Football, the NBA, and others.

The company narrowed their losses greatly from $9.2 million to $2 million during the most recent quarter. They increased their revenue from $15.7 million to $19.1 million.

OPTV already has major partners, but as they continue to expand their partner network, the demand for their interactive platforms will continue to grow as more and more people become aware of the entertainment value and control it gives them.

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