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Biotech / Medical : WebMD Health Corp

WBMD 66.48

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Sep 18 5:00 PM EST

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To: Keith Fauci who started this subject	11/30/2000 8:38:34 PM
From: bob zagorin	Read Replies (1) of 326

WebMD's CFO Tony Vuolo on Restructuring, Outlook: Comment New York, Nov. 30 (Bloomberg) -- The following are comments from WebMD Corp. Chief Financial Officer Tony Vuolo on the company's ongoing restructuring plan and the outlook for 2001 and 2002. He spoke to investors at the Robertson Stephens Medical Conference in New York. ``The second phase of our restructuring really involves the product rationalization, which we said before is $130 million or $140 million in revenues from relationships that are under review based on their profitability and their strategic relevance to our long-term business mission.'' In the December quarter, ``You can expect additional one-time charges relating to the product rationalization we talked about, the relocation of our corporate headquarters to the New York area, which we announced in the third quarter, and to executive and employee terminations....'' ``As we look forward to calendar year 2001, revenues are really dependant on the outcome of product rationalization. We preliminarily gave some guidance of revenues in the $875 million range. But to the extent any of the $130 million to $140 million under review goes away, obviously, that revenue guidance will have to be adjusted.'' ``We still believe we can reduce the cash loss for the year between $75 million and $100 million and exit the year on a cash flow positive basis.'' ``We look at calendar year 2001 as a foundation-building year to realign the company....'' ``We look to calendar year 2002 really as a year of increased growth with a substantial amount of leverage of that revenue growth to our bottom line.'' Nov/30/2000 16:26 ET

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