IFMX - Investment Discussion Message Board

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Technology Stocks : IFMX - Investment Discussion

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To: Northern Marlin who wrote (14583)	4/25/2001 7:36:37 PM
From: bob zagorin	Read Replies (2) of 14631

You might be surprised, Phil, as Ascential has the potential to grow quite quickly. Here's the forward guidance from the Q: "...Mr. Gyenes added, "While we have achieved much in launching Ascential and we have greater prospects and business visibility than ever, we believe that in the context of the current economic climate and the near-term requirements of completing the transaction with IBM, it is prudent to reset our revenue growth expectations for 2001 to approximately 35% to 40% above 2000. We believe this revenue goal will allow us the time to further develop and strengthen the Ascential organization and create the foundation to execute our partnering plans with IBM and with others. Ascential will then be positioned for more rapid growth of approximately 40% to 50% in 2002 when the economic climate is expected to once again improve. We continue to fully expect to achieve sustained profitability during the fourth quarter of this year, and we feel very well positioned to capitalize should the economy improve earlier than expected..."

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