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Technology Stocks : CyberCash a buy?
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To: TLindt who wrote (3180)3/31/1999 2:00:00 PM
From: Big Dog  Read Replies (1) of 3990
 
Here's a recent discussion on the profitability question:

CNBC - TODAY'S BUSINESS
CYBERCASH CEO JIM CONDON
JANUARY 12, 1999

ABSTRACT: Condon comments on some of the company's new products designed for convenience. He says online shopping has tripled, which means more business for CyberCash. Condon expects the company to be profitable by the end of this year.

Bob Pisani: Do you remember CyberCash, the company makes software that allows consumers to make payments over the Internet...

Bob Pisani: You did have a positive surprise on your earnings recently, but still no profit. When will you see a profit?

COO Condon: We think by the end of '99 we should be showing a profit. We really have two distinctly businesses. One is the payments piece and that if treated as a separate company we'll be profitable by middle of this year. The amount of energy and money we're putting into this Instabuy one click shopping will prolong the period we're not yet profitable but there's a big advantage to the distribution of the product.

...
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