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Technology Stocks : Internet Capital Group Inc. (ICGE)

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From: bob zagorin1/13/2005 2:52:21 PM
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NEW YORK (Dow Jones)--Shares of Blackboard Inc. (BBBB) gained as much as 13% a day after its chief financial officer said at a
presentation that the education company would exceed the high end of its previous fourth-quarter guidance.
Speaking at the Needham & Company Growth Conference Wednesday in New York, Blackboard's Chief Financial Officer Peter
Repetti said his company's fourth-quarter results will come in above the previous estimate of $28.3 million to $28.8 million in
revenue on earnings of 12 cents to 13 cents a share.
Blackboard also reiterated its target operating model of 20% to 25% revenue growth, 70% to 75% gross margins and 25% to 30%
EBITDA margins, according to CSFB analyst Brandon Dobell.
Wall Street is expecting Blackboard to have revenue of $28.9 million on earnings of 13 cents a share.
"Contract value is the most important metric to watch on a quarter-to-quarter basis," Dobell wrote in a research note Thursday.
"Contract value was a bit weaker than expected in the third quarter due to some staffing issues."
CSFB provided investment-banking services for Blackboard within the past 12 months and managed or co-managed a public
offering of securities for Blackboard within the past 12 months.
Dobell expects Blackboard to post revenue of $29.1 million for its fourth quarter on earnings of 13 cents a share.
Thomas Weisel analyst R. Keith Gay wrote in a research note Thursday that contract value at Blackboard will be up sequentially for
the fourth quarter.
"Overall demand in the higher-education sector remains steady, and we believe Blackboard is an attractive small-cap
opportunity," Gay wrote.
Thomas Weisel provided investment-banking services for Blackboard within the past 12 months and managed or co-managed a
public offering of securities for Blackboard within the past 12 months.
NEW YORK (Dow Jones)--Shares of Blackboard Inc. (BBBB) gained as much as 13% a day after its chief financial officer said at a
presentation that the education company would exceed the high end of its previous fourth-quarter guidance.
Speaking at the Needham & Company Growth Conference Wednesday in New York, Blackboard's Chief Financial Officer Peter
Repetti said his company's fourth-quarter results will come in above the previous estimate of $28.3 million to $28.8 million in
revenue on earnings of 12 cents to 13 cents a share.
Blackboard also reiterated its target operating model of 20% to 25% revenue growth, 70% to 75% gross margins and 25% to 30%
EBITDA margins, according to CSFB analyst Brandon Dobell.
Wall Street is expecting Blackboard to have revenue of $28.9 million on earnings of 13 cents a share.
"Contract value is the most important metric to watch on a quarter-to-quarter basis," Dobell wrote in a research note Thursday.
"Contract value was a bit weaker than expected in the third quarter due to some staffing issues."
CSFB provided investment-banking services for Blackboard within the past 12 months and managed or co-managed a public
offering of securities for Blackboard within the past 12 months.
Dobell expects Blackboard to post revenue of $29.1 million for its fourth quarter on earnings of 13 cents a share.
Thomas Weisel analyst R. Keith Gay wrote in a research note Thursday that contract value at Blackboard will be up sequentially for
the fourth quarter.
"Overall demand in the higher-education sector remains steady, and we believe Blackboard is an attractive small-cap
opportunity," Gay wrote.
Thomas Weisel provided investment-banking services for Blackboard within the past 12 months and managed or co-managed a
public offering of securities for Blackboard within the past 12
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