iBeam Broadcasting Corporation - IBEM Message Board

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Technology Stocks : iBeam Broadcasting Corporation - IBEM

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To: FIRENZA who wrote (52)	10/24/2000 6:06:23 PM
From: Walter Morton	of 148

"... we see dramatic growth in our top line performance and improvement in our gross margin. Based on continued strong growth in our existing operations and the addition of NextVenue, we believe revenue for the fourth quarter 2000 will be in the range of $9 million to $9.5 million, while for the full year 2001, we are forecasting total revenues in the range of $65 million to $70 million. We anticipate that enterprise customers will contribute more than half of our total revenue in the fourth quarter of 2000, and approximately two thirds of our total revenue in 2001. We also expect entertainment revenue to continue to grow significantly. Gross margin dollar contribution should improve modestly during the fourth quarter, with sequential improvement in gross margin contribution throughout 2001. We believe we will achieve a significant milestone with our ability to report positive gross margin beginning in the third quarter 2001, a quarter in advance of our previous expectations," Ribar concluded. I always thought the NextVenue acquisition would improve profitability. But IBEM is making improvements in that area and NextVenue sales and income will not be included until next quarter.

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