Sportsline (SPLN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Sportsline (SPLN)

SPLN 2.000

0.0%

Jan 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Bill France who wrote (810)	7/24/1999 5:26:00 PM
From: RangeRover	Read Replies (1) of 858

RESEARCH ALERT - Sportsline <SPLN.O> downgraded NEW YORK, July 23 (Reuters) - Deutsche Banc Alex. Brown said Friday it cut its rating on Internet sports news publisher Sportsline USA Inc. to buy from strong buy. Further details were not immediately available. The company reported an 86 percent jump in second-quarter revenues to $13 million Thursday as net losses widened to $12.3 million. Bear Stearns analyst Matt Esh also said he raised his revenue estimates for 1999 to $57.3 million from $54.2 million and for 2000 to $112.4 million from $100.7 million. "However, due to our forecasts of lower gross profit and increased marketing spending, we are raising our 1999 loss per share estimate to $2.62 (was $1.90) and for 2000 to a loss per share of $2.27 (was $1.20). "We are maintaining our neutral rating on shares of SportsLine."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next