Network Solutions (NSOL)CEO Bob Korzeniewski told money managers at the Goldman Sachs tech conference Friday the best opportunities for his company lie ahead. The company, which registers Internet domain names, estimates there are now about 4 million registered names. Korzeniewski expects that number to grow to about 100 million. He also announced 85 new Internet partners outside the U.S. Finally, he said the process for determining new registrars seems to be slower than expected. Instead of meeting a March 31 target date, the process is now likely to continue through late April, he said.
New Era of Networks (NEON) CFO Steve Webb said the Internet is the "biggest driver" of the need for the integration software that his company makes. He said that market is currently about $1 billion and is expected to grow. He said less than half the company's revenue will come from the financial services industry this year, down from about 70 percent last year. An increasing percentage will come from industries such as healthcare, insurance, manufacturing, retail and telecom.
TMP Worldwide (TMPX) COO James Treacy says his company's Monster.com job-search Web site has registered close to 2 million job candidates. After the company's Super Bowl ads, it saw a surge of 2,900 job searches per minute. Last week, it had 2,100 job searches a minute, and Treacy thinks 1,600 searches a minute is "sustainable." The company is focusing its $35 million marketing campaign on "1980s' victims," mostly under-35 Gen X'ers who'll change jobs many times during their careers.
USWeb/CKS (USWB) CEO Robert Shaw said his company's in an "ugly period" of integration following its acquisitions last year. However, he said the company expects to grow revenue 13-15 percent during each quarter of fiscal 1999. "We think these numbers are doable," he said. He said he expects year-over-year revenue growth of 60-70 percent. Shaw expects an operating margin of 15-18 percent.
Novellus (NVLS) CEO Richard Hill said he sees an improved outlook for the semiconductor industry. Hill pointed to a resumption in capital spending and improving conditions in Asia, particularly Korea. Hill said he's "comfortable" with analysts' estimates of $110 million in sales for the quarter ending in March, with earnings of about 24 cents a share. While he called those "reasonable numbers," he added "They could be better than that."
Lexmark CEO Paul Curlander told investors at the Goldman Sachs tech conference Friday that he plans to continue growing his printing business by focusing on the retail consumer market for color inkjet printers. The company will market through three large retailers. It is also growing its large-account sales of color printers in the business market. Curlander said the company has had some capacity constraint problems. Curlander expects 20 percent average annual growth in earnings per share and shareholder value added for the next three years. See full story.
Also see Renegade for Goldman highlights from Tuesday , Wednesday. and Thursday.
And highlights from last week's Montgomery Securities conference:
Monday, Tuesday, Wednesday and Thursday.
CBS MarketWatch's Renegade reports are straight from the mouths of company executives -- at investment conferences, in product announcements and in interviews.
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