E-learning’s prospects look brighter

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E-learning’s prospects look brighter airest
airest:

E-learning’s prospects look brighter

 
01.11.01 11:14
#1
Strong buys
Virtual learning 2001-10-26


E-learning’s prospects look brighter in a tough economy.
by Shannon Swingle, contributing editor

Despite the negative impact that the difficult economy has had on online training companies, many analysts are forecasting significant positive trends. E-learning is becoming an attractive option for companies that are seeking ways to control training expenses. And in the wake of the Sept. 11 tragedy, there is an increased need for training procedures that are not reliant on business travel.

Banc of America Securities’ Howard Block in his Sept. 26 institutional report on e-learning company SkillSoft (SKIL), says, "as businesses reassess the safety, cost and convenience of air travel, they are likely to turn to e-learning as a reliable and cost-effective substitute for face-to-face learning."

Block, who has a "buy" rating on SkillSoft, believes the company’s business model offers a high level of visibility—something rare in this economic climate. The analyst also reports that the company has a significant degree of seasonality, and that sequential analysis may not accurately show revenue potential. He adds that SkillSoft is in the enviable position of having $90 million in cash and no debt. Its quarterly cash burn is less than $3 million, he says, and with its cash position, it should be able to get to its target of fourth quarter 2002 profitability.

Thomas Weisel Partners’ Fred McCrea also likes what SkillSoft has to offer. In his Sept. 27 institutional report, he maintains a "strong buy" rating. SkillSoft, he says, is participating in the fastest-growing segment of the e-learning market. Because of positive industry fundamentals, as well as SkillSoft’s low average selling price, rapid implementation and position in the fast-growing non-IT or soft skills market, McCrea believes the company presents an attractive buying opportunity.

Another potential winner in the e-learning market is DigitalThink (DTHK), which gets a "strong buy" rating from Trace Urdan of W.R. Hambrecht + Co. in an Oct. 17 report available to individual investors.

Results for the company’s September quarter beat the consensus; the company also amended its revenue guidance for fiscal years 2002 and 2003, which is now in line with the Street. DigitalThink management still believes it will be profitable by its March quarter in 2002.

Urdan accords the company a "strong buy" rating since its, "franchise remains among the healthiest in the e-learning landscape." The analyst explains that DigitalThink offers meaningful business benefits through its solutions, strong management and superior execution. "We remain more convinced than ever that the company will emerge from the current economic downturn as one of the clear leaders in the e-learning arena," says Urdan.

On Oct. 17, U.S. Bancorp Piper Jaffray’s Mark Marostica maintains his "buy" rating on DigitalThink in the firm’s report available to individual investors. The analyst believes the company performed well in the September quarter considering the tough economic environment. He also says DigitalThink presents a compelling play based on its complete e-learning platform solution, strong management team, highly scalable business model, strong partnerships, well-capitalized balance sheet and solid customer base.

Credit Suisse First Boston’s Gregory Cappelli also chimes in, reiterating his "strong buy" recommendation on DigitalThink in an Oct. 17 institutional note issued following the company’s second quarter performance report.

SmartForce (SMTF) also catches the eye of analysts, including W.R. Hambrecht’s Urdan who writes in an Oct. 18 report available to individual investors that the company is a dominant player in its market. SmartForce expects earnings growth of 170% next year, despite the tough economic climate, with revenue growth visibility of between 45% and 50%, says Urdan, who adds that the company will increase investment by $30 million next year. The analyst also points out a strong positive in the company’s partnership with human resources process outsourcer Exult.

U.S. Bancorp’s Marostica maintains his "buy" rating on SmartForce in his Oct. 18 report available to individual investors, noting that the Exult deal has a value of between $17 million and $28 million over a six-year period. This represents about $2.8 million to $4.7 million per year, says the analysts, who likes the deal because of the new selling channels it provides, the opportunity to develop new e-learning content, and the guaranteed revenue. "We continue to be big believers in the value proposition of e-learning and SmartForce’s ability to continue to capitalize on the huge e-learning market opportunity," the analyst writes.

Deutsche Banc Alex. Brown’s Peter Appert also maintains a "strong buy" rating on SmartForce on his Oct. 18 institutional report, calling the company his favorite name in e-learning. "We view SmartForce as the only name to own in the eLearning universe," he says.

Strong buys      
Name Analysts (1) Avg. Rec. (2) Strong Buys (3) Cur. Yr. PE (4) Next Yr. PE (5)
DigitalThink (DTHK) 10 1.91 3 NA 39.91
SkillSoft (SKIL) 6 1.67 3 NA 31.44
SmartForce (SMTF) 12 1.87 4 79.12 29.41

1. Number of analysts covering the stock in the current quarter.
2. Average analyst consensus estimate recommendation where "1" is the highest rating = "strong buy"
3. Current number of analysts’ "strong buys."
4. Price-to-earnings ratio projected for the current fiscal year.
5. Price-to-earnings ratio projected for the next fiscal year.
Source: NetScreen Pro; data set Oct. 22, provided by Market Guide Inc.

Please note: Research reports linked above are not always available to all investors for download or purchase. Individual investors can register or log in to download or purchase retail research by clicking here. Institutional investors can register or log in here.

Despite the negative impact that the difficult economy has had on online training companies, many analysts are forecasting significant positive trends. E-learning is becoming an attractive option for companies that are seeking ways to control training expenses. And in the wake of the Sept. 11 tragedy, there is an increased need for training procedures that are not reliant on business travel.

Banc of America Securities’ Howard Block in his Sept. 26 institutional report on e-learning company SkillSoft (SKIL), says, "as businesses reassess the safety, cost and convenience of air travel, they are likely to turn to e-learning as a reliable and cost-effective substitute for face-to-face learning."

Block, who has a "buy" rating on SkillSoft, believes the company’s business model offers a high level of visibility—something rare in this economic climate. The analyst also reports that the company has a significant degree of seasonality, and that sequential analysis may not accurately show revenue potential. He adds that SkillSoft is in the enviable position of having $90 million in cash and no debt. Its quarterly cash burn is less than $3 million, he says, and with its cash position, it should be able to get to its target of fourth quarter 2002 profitability.

Thomas Weisel Partners’ Fred McCrea also likes what SkillSoft has to offer. In his Sept. 27 institutional report, he maintains a "strong buy" rating. SkillSoft, he says, is participating in the fastest-growing segment of the e-learning market. Because of positive industry fundamentals, as well as SkillSoft’s low average selling price, rapid implementation and position in the fast-growing non-IT or soft skills market, McCrea believes the company presents an attractive buying opportunity.

Another potential winner in the e-learning market is DigitalThink (DTHK), which gets a "strong buy" rating from Trace Urdan of W.R. Hambrecht + Co. in an Oct. 17 report available to individual investors.

Results for the company’s September quarter beat the consensus; the company also amended its revenue guidance for fiscal years 2002 and 2003, which is now in line with the Street. DigitalThink management still believes it will be profitable by its March quarter in 2002.

Urdan accords the company a "strong buy" rating since its, "franchise remains among the healthiest in the e-learning landscape." The analyst explains that DigitalThink offers meaningful business benefits through its solutions, strong management and superior execution. "We remain more convinced than ever that the company will emerge from the current economic downturn as one of the clear leaders in the e-learning arena," says Urdan.

On Oct. 17, U.S. Bancorp Piper Jaffray’s Mark Marostica maintains his "buy" rating on DigitalThink in the firm’s report available to individual investors. The analyst believes the company performed well in the September quarter considering the tough economic environment. He also says DigitalThink presents a compelling play based on its complete e-learning platform solution, strong management team, highly scalable business model, strong partnerships, well-capitalized balance sheet and solid customer base.

Credit Suisse First Boston’s Gregory Cappelli also chimes in, reiterating his "strong buy" recommendation on DigitalThink in an Oct. 17 institutional note issued following the company’s second quarter performance report.

SmartForce (SMTF) also catches the eye of analysts, including W.R. Hambrecht’s Urdan who writes in an Oct. 18 report available to individual investors that the company is a dominant player in its market. SmartForce expects earnings growth of 170% next year, despite the tough economic climate, with revenue growth visibility of between 45% and 50%, says Urdan, who adds that the company will increase investment by $30 million next year. The analyst also points out a strong positive in the company’s partnership with human resources process outsourcer Exult.

U.S. Bancorp’s Marostica maintains his "buy" rating on SmartForce in his Oct. 18 report available to individual investors, noting that the Exult deal has a value of between $17 million and $28 million over a six-year period. This represents about $2.8 million to $4.7 million per year, says the analysts, who likes the deal because of the new selling channels it provides, the opportunity to develop new e-learning content, and the guaranteed revenue. "We continue to be big believers in the value proposition of e-learning and SmartForce’s ability to continue to capitalize on the huge e-learning market opportunity," the analyst writes.

Deutsche Banc Alex. Brown’s Peter Appert also maintains a "strong buy" rating on SmartForce on his Oct. 18 institutional report, calling the company his favorite name in e-learning. "We view SmartForce as the only name to own in the eLearning universe," he says.

Strong buys      
Name Analysts (1) Avg. Rec. (2) Strong Buys (3) Cur. Yr. PE (4) Next Yr. PE (5)
DigitalThink (DTHK) 10 1.91 3 NA 39.91
SkillSoft (SKIL) 6 1.67 3 NA 31.44
SmartForce (SMTF) 12 1.87 4 79.12 29.41

1. Number of analysts covering the stock in the current quarter.
2. Average analyst consensus estimate recommendation where "1" is the highest rating = "strong buy"
3. Current number of analysts’ "strong buys."
4. Price-to-earnings ratio projected for the current fiscal year.
5. Price-to-earnings ratio projected for the next fiscal year.
Source: NetScreen Pro; data set Oct. 22, provided by Market Guide Inc.

****
Klingt sehr plausibel!
Kennt jemand *gute* E-Learning SW-Schmieden in Deutschland?

mfg,airest
E-learning’s prospects look brighter Kicky

Sparpotential bei E-learning

 
#2
 


Sparpotenziale machen E-Learning gerade jetzt interessant

 
E-Learning kann Unternehmen helfen, Weiterbildungskosten einzusparen und Schulungsmaßnahmen zu beschleunigen. Damit sind auch im aktuellen Konjunkturumfeld die Aussichten für E-Learning in Deutschland insgesamt günstig. Ungeachtet dessen ist im zersplitterten Markt eine Bereinigung zu erwarten. Profitieren werden finanzstarke Anbieter und solche, die mit One-to-Many-Lösungen schnelle Kosteneinsparungen ohne hohe Investitionen versprechen.

Mit dem sinnvollen Einsatz von E-Learning lassen sich nicht nur Wettbewerbsvorteile erzielen, sondern auch unmittelbar Kosten einsparen. Damit bleibt E-Learning nach Ansicht von Berlecon Research trotz der derzeit verhaltenen Wirtschaftslage ein interessantes Investitionsfeld für Unternehmen. Die Berliner Wirtschaftsforscher rechnen in einer aktuellen Studie zum deutschen E-Learning-Markt mit einem Wachstum von durchschnittlich etwa 50 Prozent über die nächsten vier Jahre.

"Lerninhalte können schnell und weitgehend ortsunabhängig einer großen Anzahl von Nutzern angeboten werden. Die Kosten für Reisen, Unterkunft, Verpflegung und Seminarräume entfallen, da die Trainings zu den Mitarbeitern kommen - und nicht umgekehrt", erläutert Thorsten Wichmann von Berlecon Research und ergänzt: "Darüber hinaus können Qualifizierungsmaßnahmen häufig schneller durchgeführt werden, insbesondere wenn viele Arbeitnehmer in kurzer Zeit geschult werden müssen." Besonders in Branchen mit kurzen Produktlebenszyklen, vielen Vertriebsmitarbeitern oder hoher IT-Affinität hat E-Learning großes Potenzial.

Voraussetzung für die Ausschöpfung dieser Potenziale sei aber eine detaillierte Planung von E-Learning-Projekten und eine zukunftssichere Auswahl der Anbieter. Der stark zersplitterte und intransparente Markt macht Unternehmen die Auswahl des passenden Anbieters jedoch nicht gerade leicht: Wichmann: "Insgesamt erwarten wir eine Marktbereinigung. Durchsetzen werden sich im aktuellen konjunkturellen Umfeld besonders finanzstarke Firmen, die Vertrauen auf langfristige Marktpräsenz gewinnen können." Profitieren dürften auch die Anbieter, die mit standardisierten One-to-Many-Lösungen schnelle und direkte Kosteneinsparungen ohne hohen Investitionsaufwand versprechen. (as)  


da gabs vor kurzem nen Test in Deutschland,ich glaube von Stiftung Warentest,was da raus kam war nicht berauschend


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