Matrix USA downgrades United Online Inc (UNTD) to Hold
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Matrix USA downgrades United Online Inc (Nasdaq: UNTD) from Strong Buy to Hold, saying the company is being negatively affected as consumers abandon dial-up. The firm also said the company's social networking site Classmates Online is facing competition from Facebook.com and Myspace.com.
United Online is a leading provider of consumer Internet and media services. The company's Content & Media services include social networking (Classmates) and online loyalty marketing (MyPoints). Its Communications services include Internet access (NetZero, Juno), email and VoIP.
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