INFOUSA CL A (NASDAQ:IUSAA) Message Board

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Technology Stocks : INFOUSA CL A (NASDAQ:IUSAA)

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To: Susan Saline who wrote (3)	12/27/1998 1:49:00 AM
From: Gordon Gekko	Read Replies (1) of 87

This company has fallen into some troubled times recently. It currently is in a state of transition. One of their affiliates lost a major client that accounted for roughly 30% of their revenue stream. To combat this loss of business the company decided to layoff 17% of their work force. There are a lot of disgruntled workers that have a strong disdain for the CEO Vinod Gupta. The companies databases are still used by many well known firms. The 4th quarter should be very telling. The 3rd quarter was filled with acquisition related charges and highly depressed earnings. The company should be profitable for the 4th. Revenues should be flat from the 3rd to 4th. Supposedly the overstuffing of CD-ROMs in the channels has been solved. Sales = $54-$56M EPS = $0.04 There are also rumors of them being taken over. They are a good target now since they have had some recent financial problems. They would make a very good fit with InfoSpace. Outstanding Shares. Class "A" = 24,689,871 (IUSAA) Class "B" = 24,689,879 (IUSAB) The difference between the classes is that "A" allows for 1 vote and "B" allows for 10 votes. They move in unison. Ownership Stakes. CEO and Family = 45% Institutions = 40% Insiders = 5% This gives us a real float of only 10%. Therefore we have about 2.5M per class of share in the real float. The stock can move fairly easily. None of the institutions or insiders are selling. Another interesting note. The company plans on spinning off their webpage into an IPO in the near future. GG

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