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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (33072)	11/1/2000 8:50:02 PM
From: patron_anejo_por_favor	Read Replies (1) of 436258

More woes in telco land (will the bleeding ever stop): dailynews.yahoo.com Wednesday November 1 5:05 PM ET Netopia Misses Estimates NEW YORK (Reuters) - DSL Internet equipment provider Netopia Inc. (NasdaqNM:NTPA - news) on Wednesday reported fourth quarter earnings that missed analyst's estimates, and said it expects a break-even first quarter. The Alameda, Calif.-based company reported a pro forma net loss of $2.3 million, or 13 cents per share, compared with a loss of $174,000, or 1 cent per share in the year-ago period. Results included two non-recurring charges. Excluding the effects of those non-recurring charges, proforma income for the fiscal fourth quarter was $801,000 or $0.04 per share. Analysts on average predicted the company would earn a profit of 17 cents per share, according to First Call/Thomson Financial. The company said revenues increased about 75 percent to $23.6 million from $13.5 million, but were held lower primarily because of weak external financing to Internet service providers. For the quarter ending Dec. 31, 2000, Netopia expects revenue to be similar to fourth quarter revenues and break-even pro forma results quarter. The company said revenue should increase by 50 percent in 2001. EDIT: HO HO HO! NTPA's Chairman of the Board managed to dump almost $5 million worth of stock on the baghol...ERRR, SHAREholders all of 5 weeks ago!<NG> biz.yahoo.com I love the sound of monetized shareholder ignorance in the morning!

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