S1: Doing Business in a Dot Com Depression, -V1 Message Board

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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1

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To: tuck who wrote (927)	1/18/2001 11:03:15 AM
From: Oeconomicus	Read Replies (1) of 1013

Tuck, I agree with the "sheesh" sentiment. EBITDA for Q4 is about twice what was expected and revenue sucks too. I wonder if they were taking a bath while the market was expecting bad news. The revenue worries me more. That said, however, they didn't push back breakeven. They've been saying they'd hit it (EBITDA breakeven) this year and WR Hambrecht had them at zero EBITDA in Q4 '01. I was hoping that the merger of V1 into Yodlee would enable them to reach breakeven sooner than Q4, but the press release wasn't specific as to when in 2001 they'd get there. If nothing else, getting rid of V1's current burn should help Q1 and Q2 '01 numbers significantly, even if not enough to reach breakeven. BTW, Yodlee closed on $52 million of new funding (E*Trade, AOL, Merrill, Morgan Stanley, Intel and more), expect to reach breakeven this year, and could go public later in the year, market permitting. S1 owns 32% (not clear if that's before or after the new funding). dailynews.yahoo.com Bob

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