Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Businessweek Archives

Kushner Locke: Web Gumshoe

Inside Wall Street

Kushner-Locke: Web Gumshoe

Kushner-Locke (KLOC) may not be so hot as a maker and distributor of feature films and TV programs. But some pros expect it to make a splash as a Net service provider. The company owns 80% of a Web-based outfit called 1-800-U.S. Search, said to be bound for an initial public offering.

This Web portal provides--through its Web site and toll-free phone services--help in finding people, conducting background checks, and verifying identities to prevent fraud. Kushner has signed a $5 million pact with Lycos, a major Web media company, for its Search unit to provide users of Lycos Network the ability to do searches via the portal.

"What makes Kushner different from its Internet rivals is that its page views average 50,000 a day, yet its stock hasn't reflected its potential," says a New York money manager, who has been buying. The stock has gone from 8 in mid-February to 15. He puts the company's Internet revenues at $800,000 a month, or about $10 million a year. This is higher than at other Net portals, including, which has a market cap of more than $1 billion, and, whose market cap is $583 million--compared with Kushner's $171 million market value. posted 1998 sales of $840,000 and had $5.5 million, vs. Kushner's $75 million.

Big investors expect Kushner will take its Internet business public sometime in the summer. One Internet analyst says that based on the valuation of, which posted revenues of $7.03 million in 1998, 1-800 U.S. Search could command a price of 30 a share., whose shares trade at 80, has a market cap of $1 billion.BY GENE G. MARCIALReturn to top

Return to top

blog comments powered by Disqus