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October 20, 2006

Mamma.com Rises on Positive Google Results

posted by MR WAVETHEORY at 10/20/2006 02:08:00 PM
Mamma.com (Nasdaq MAMA) gained another 11% today, following a greater than 20% gain yesterday, on the heals of great results from Google (Nasdaq GOOG) which rose 7% or 33 points to $459.67. Mamma closed at $2.15 up 22 cents. Volume jumped to around 1.9 million which was 8 times the normal volume of 336,000. Mamma started promoting Mamma Desktop Search on its home page. You can download it here. It is great to see them focus on Desktop Search which is their strength. Another link that also popped up on their home page is Mamma Health.
With Google's great results, there seems to be renewed interest in the search space. Another small search engine, Answers.com (Nasdaq ANSW) tacked on 5% after winning the People's Choice Award. Answers.com had really fallen out of favor since 2004 as with Mamma.com but now that Google has shown that advertising is the best place to be, these two stocks have basically turned around. I would not be surprised to see these stocks head much higher. I wrote about Mamma's valuation the other day which I think is building in a buyout premium and expectations of revenue increases from the AOL OpenRide deal.

Take a look and you will see that Mamma's market cap is just $30 million while Answers.com's market cap is $108 million. That pales in comparison to the size of Google which exceeds $100 billion in market cap. With Google fever and much stronger valuations for Internet stocks, these stocks are starting to moving much higher and could go much higher.

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