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Technology Stocks : CHRZ - What is the near term outlook?

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To: Jim Mac who wrote (201)2/16/1999 10:47:00 AM
From: Oak Park Trader  Read Replies (1) of 443
 
Conference call very good!

Company is bullish on '99, sees revenue growth of 25% topline. Focusing on e-commerce business. Rewards are ahead of us--they thanked shareholders for sticking with them.

Emerging practices $43 M in 1998, double in 1999.

Break out of Solutions Business in 4Q

Non Y2K
Q1 $11.8M 11.0% of revs
Q2 $19.0M 15.4% of revs
Q3 $24.7M 18.1% of revs
Q4 $29.6M 20.7% of revs

Y2K
Q1 $33.2M 31.0% of revs
Q2 $36.6M 29.6% of revs
Q3 $36.9M 27.0% of revs
Q4 $29.3M 20.5% of revs

I think this is bullish--company grew revenues 4.7% sequentially from 3rd Q 98--with a drop of over $7M in Y2K revenues. This stock got hammered because of Y2K concerns, but the company still is growing revenues! Look at the growth of nonY2K solutions business!
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