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Strategies & Market Trends : Rande Is . . . HOME
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To: carepedeum2000 who wrote (29509)7/13/2000 8:55:07 AM
From: JLS  Read Replies (1) of 57584
 
Carpe, it made all the major evening news too...saw it on NBC and ABC for sure. Talk about a PR boost.

Congrats to those who practiced discipline yesterday and cut their losses at an acceptable point on OMKT. Remember, some trades are about keeping the majority of your principle intact. News today:
Open Market's 2nd-Quarter Core Loss To Be Bigger Than Expected
(Dow Jones Online News, 07/12/2000 20:27)

NEW YORK -(Dow Jones)- Electronic-business software company Open Market Inc. late Wednesday projected a second-quarter core loss which would be much bigger than analysts are expecting.

The Burlington, Mass.-based company expects a loss of 13 cents to 18 cents a share on revenue of $26 million to $28 million. The mean estimate of analysts surveyed by First Call/Thomson Financial was for a loss of six cents a share.

Open Market had a core loss of $1.2 million, or three cents a share, on revenue of $18.6 million in the year-earlier period.

Including a gain of $12.1 million, or 25 cents a share, from its sale of SightPath Inc. stock, the company expects to report second-quarter earnings of between eight and 13 cents a share. Open Market sold the preferred stake in SightPath to Cisco Systems Inc. (CSCO).

Open Market said e-business revenue should rise by between 44% and 56% from year-earlier levels, but revenue from professional services and licensing of commerce-management products will fall short of expected levels.

The company also cited increased spending for the wider-than-expected loss. Open Market will release its second-quarter results on July 25. In April, the company posted a first-quarter loss that was deeper than analysts predicted.
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