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Technology Stocks : UBID - an IPO spinoff of Creative Computers
UBID 3.0000.0%Jan 21 4:00 PM EST
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To: SHGLaw who wrote (425)1/25/1999 5:11:00 PM
From: D.J.Smyth  Read Replies (1) of 581
 
where you coming up with estimate of -$.44? following dowjones says $-$.28:

(BW) - uBid Inc. (Nasdaq:UBID), an online auction house, Monday
reported financial results for the fourth quarter ended Dec. 31.
uBid, a subsidiary of Creative Computers Inc. (Nasdaq:MALL), went
public on Dec. 4.
Revenues for the fourth quarter of 1998 were $24.1 million, an increase
of 58% over the third quarter of 1998.
Gross margins increased to 8.5% for the fourth quarter from 8.2% in the
third quarter of 1998, an increase of 30 basis points. The improvement in
gross margin came from expanded product categories and an improved merchandise
mix during the period. Gross margins for the year finished at 8.2%.
Operating expenses increased over the third quarter levels, due primarily
to increased advertising expenditures and investments in infrastructure. The
company expects operating expenses to continue to increase to support brand
building and infrastructure development for anticipated growth.
Losses for the fourth quarter were $1.9 before the anticipated non-cash
charge for stock-based compensation related to the IPO. The losses per share
for the quarter were $0.24 before the non-cash charge. After the non-cash
charge, the net losses were $7.2 or $0.92 per share. A poll of
analysts by Zacks estimated a loss of $0.28 per share.
01/25 (0725)

nice revenue jump though.
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