Twice each month at Noon EST on Sunday, Stockprowler will bring you his latest hot stock pick...free on the Web! Stockprowler uses state of the art technology to look under the rocks and find those little stocks with the potential to make the BIG moves. Stockprowler screens NASDAQ, NYSE, AMEX, and OTC Bulletin Board stocks trading around $3 or under. These stocks offer considerable leverage at minimal cost. It is not uncommon for these stocks to make moves of 30%, 50%, or more. Please read our disclaimer before trading in any stocks mentioned on this Web site. So are you ready? Here's the Stockprowler report for the week of Sunday July 15, 2001:

Stockprowler’s pick this week...

iBEAM Broadcasting Corp. (NasdaqNM: IBEM) 
Corporate Web Site: http://www.ibeam.com/ 
Shares Outstanding: 127.4 million 
Public Float: 51.0 million 
Insider Ownership: 60% 
Institutional Ownership: (57) - 22% 
Market Capitalization: $39 million 
Closing Price Friday 5/04/01: 30.5 cents 

This week’s pick, iBEAM Broadcasting Corp. (NasdaqNM: IBEM) based in Sunnyvale, California, is a leading provider of streaming communications solutions. iBEAM's end-to-end solutions for enterprise and media customers include interactive webcasting, streaming advertising insertion, syndication and pay-per-view management, and secure, licensed download and geographical identification applications. iBEAM currently delivers more than 100 million audio and video streams per month across its intelligent distribution network of satellite connected, high-performance servers located in more than 210 networks around the world. Several hundred innovative companies use iBEAM's global services including media leaders, CNBC, MTVi, and LAUNCH.com, and enterprise customers IBM/Lotus, Bristol-Myers Squibb, and Merrill Lynch. 
iBEAM provides an Internet broadcast network that delivers streaming media to large audiences of simultaneous users with viewing and listening quality similar to that of television and radio. For the three months ended 3/31/01, revenue totaled $9.2 million, up from $532 thousand. Net loss applicable to common rose 36% to $43.7 million.

iBEAM Broadcasting recently announced the signing of a strategic partnership with Williams Communications (NYSE: WCG ), a leading provider of broadband services for bandwidth-centric customers. The agreement provides that Williams Communications will invest $30 million in iBEAM and iBEAM will leverage Williams Communications' extensive international fiber-optic network and broadband services. iBEAM and Williams Communications will also develop new services targeted for the rapidly growing streaming market and Williams Communications will continue to provide reselling services for iBEAM products. Further, other parties have agreed to invest an additional $10 million in iBEAM.

The $40 million investment, including $30 million from Williams Communications, provides iBEAM with capital and services necessary to continue developing and delivering superior quality streaming products and services to hundreds of enterprise and entertainment clients. These services feature Activecast, iBEAM's interactive webcasting service, and a broad set of advanced streaming applications for ad insertion, media syndication, digital rights management, and pay-per-view. All of iBEAM's services are integrated with the company's hybrid fiber-optic and satellite based Intelligent Distribution Network, a streaming network optimized for delivering high quality audio and video streams.

As part of this agreement, iBEAM will integrate its streaming network with Williams Communications' 33,000 mile next generation fiber-optic network. Williams Communications will also provide iBEAM with an expanded set of telecommunications and broadband media services and become the preferred provider for iBEAM's IP transit services. Williams Communications operates the largest, most efficient, next-generation network in North America. Spanning 33,000 lit and 40,000 planned route miles, connecting 125 cities and reaching five continents, Williams Communications provides customers with local-to-global connectivity. Through its Vyvx Broadband Media unit, Williams Communications is a leader in providing broadcast content to the media industry, providing transmission services for 80 percent of all professional football, basketball, baseball and hockey broadcasts and 65 percent of all live news broadcasts. Its MediaXtranet(SM) infrastructure expands its broadcast distribution capabilities to broadband media applications and includes digital asset management, content gathering and distribution utilizing streaming and file-based formats.

Peter Desnoes, chairman, president, and CEO of iBEAM, said, “We are very pleased to have established this strategic partnership with Williams Communications and obtained the funding needed to continue providing superior quality streaming products and services to our customers. We look forward to leveraging Williams Communications' extensive international fiber optic network and broadband and reseller services to capitalize on new opportunities for our world-class streaming solutions.”

Under the terms of the agreement, iBEAM issued and sold 2,400,939 shares of convertible preferred stock for a total purchase price of $30 million in cash, plus an in-kind contribution of services by Williams Communications valued at $10 million, for total consideration of $40 million. The preferred stock votes with the common stock on an as converted basis and is initially convertible into 240,093,900 shares of common stock of iBEAM, representing approximately 65% of iBEAM's outstanding voting stock. Williams Communications holds preferred stock initially convertible into 49% of iBEAM's outstanding voting stock. The investment banking firms of Morgan Stanley & Co. and Dresdner Kleinwort Wasserstein advised iBEAM on the transaction.

iBEAM recently inked a 2 year deal with CBS SportsLine.com to stream sporting events and highlights to worldwide fans. The agreement solidifies an existing relationship between the two companies. Aside from this season's NCAA basketball tournament, iBEAM has streamed content for SuperBowl.com, the NFL's official Super Bowl XXXV site, and PGATOUR.COM's “Live @17” from the Tournament Players Championship. SportsLine.com produced Superbowl.com in partnership with the NFL and CBS Sports and is the co-producer of PGATOUR.COM with the PGA TOUR.

Streaming media is one of the fastest growing areas in the online marketplace today. According to Jupiter Media Metrix, enterprise spending on streaming video technology alone will increase from $140 million in 2000 to $2.8 billion in 2005. Consumer streaming services are expected to grow as well. The Yankee Group predicts that streaming advertising spending will expand by nearly 700% by 2005 from $44 million today. Streaming services are heavily dependent upon user access to broadband connections. While a substantial percentage of people access broadband connections today from their office, Jupiter Media Metrix forecasts broadband penetration will grow to five times its current level, or nearly 30 million households in the United States by 2005. Stockprowler.com views the strategic partnership with powerhouse Williams Communications as a giant step in the right direction by iBEAM Broadcasting... the synergy of the two companies offers long term investors to get in on the ground floor of the burgeoning broadband/streaming market. At 30 cents a share, iBEAM looks very cheap to us...



                                                Good Trading... Stockprowler