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Technology Stocks : Phone.com [PHCM]

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To: Don Roberts who wrote (657)10/23/1999 1:53:00 AM
From: Paul Viapiano  Read Replies (1) of 1080
 
Hey Shortie,

Let's get something straight here, regardless of PHCM's high market cap...

You said...they upgrade it with less than impressive revenue growth! and The cat is out of the bag on revenue growth...

The truth is:

Phone.com (PHCM) reported a net loss of 16 cents a share for the first quarter, beating analysts' consensus estimates by 7 cents, thanks to stronger business across the board, yet its shares tanked nearly 7 percent Friday.

Revenue was $8.5 million, up dramatically from $1.4 million. In September, Sprint PCS launched a wireless Web service based on Phone.com's products.

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Just wanted to set the record straight while you go about your short hyping.

Paul

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