PHCM...
Just FYI.... "Source: The Bull Market Report, bull-market.com."
PHONE.COM REPORTS HUGE QUARTER
Phone.com (PHCM, $69, up 3) recorded a narrower-than-expected Q3 loss on
stellar sales. Phone.com provides software that delivers Internet-based
services to mass market wireless telephones. There were no profits yet as
it lost $5.9 million, or 8 cents a share, compared to a loss of 50 cents
in the year-ago quarter.
Q3 revenues increased 46% sequentially to $18.7 million from $13 million
in the Q22000, and increased 428% from $3.5 million in the same period a
year earlier. Revenues for the nine months ended March 31, 2000 increased
495 percent to $40.0 million, from $6.7 million for the nine months ended
March 31, 1999.
As of March 31, 2000, the company had cash of almost $500 million, total
assets of $1.5 billion and stockholders' equity of $1.4 billion. Deferred
revenues increased during the third quarter to $63.0 million, up from $47
million at December 31, 1999.
Phone.com, Inc. is a leading provider of software and applications that
enable the delivery of Internet-based voice and information services to
mass-market wireless telephones. Using its software, wireless subscribers
have access to Internet and corporate intranet-based services, including
email, news, stocks, weather, travel and sports. In addition, subscribers
have access via their wireless telephones to network operators'
intranet-based telephony services, which may include unified messaging,
voice dialing, over-the-air activation, billing history information, and
pricing plan subscription.
In addition the company announced an increase in projected revenue for Q4.
The company projects its Q4 revenue at $24-25 million, above previous
projections of $22-23 million. Revenues for fiscal year 2001 are
projected at $165-170 million, above the previous $140-145 million.
"We are now targeting profitability from operations excluding amortization
charges related to acquisitions and stock-based compensation by December
2001. This compares with our previously stated guidance of break-even
results by June 2002,'' said Alan Black chief financial officer of
Phone.com
COMMENT: Well, what do you know! The firm is targeting profitability
sooner than expected. Warren Buffett would be proud of them! |
