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Technology Stocks : CNET: The Computer Network (NASDAQ:CNET)

CNET 0.951

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Feb 6 3:01 PM EST

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To: AJ Berger who wrote (214)	4/22/1998 10:31:00 AM
From: Elayne Shochet Tatar	Read Replies (1) of 1133

Better (slightly) than expected numbers. This writeup from Wall Street Journal. CNET Beats Street Estimates CNET Inc., San Francisco, reported a slightly narrower-than-expected loss for the first quarter. The Internet publisher posted a net loss of $5.7 million, or 38 cents a share, compared with a loss of $12.9 million, or 97 cents a share, in the year-ago period. The results beat analysts' consensus estimate of a loss of 41 cents a share. Revenue rose 69% to $10.7 million from $6.3 million. Revenue at CNET Online increased 76% to $8 million for the quarter vs. $4.5 million in the year-ago period. The company said the division had an operating loss of $664,000 in the quarter, but was profitable for the month of March. CNET said its television unit turned a slight operating profit in the first quarter on revenue of $1.8 million. Revenue at portal site Snap! Online revenue totaled $906,000 for the quarter, with an operating loss of $3.7 million. Total Snap expenses were $4.6 million for the quarter, equal to total Snap expenses for the fourth quarter. Separately, on Monday CNET and Bloomberg L.P. rolled out the first phase of News.com Investor, a new financial service for technology investors on CNET's tech news site.

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