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Technology Stocks : HARBINGER (HRBC)
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To: Glenn Petersen who wrote (275)4/14/1999 3:10:00 PM
From: djane  Read Replies (1) of 402
 
Harbinger expects a humdinger first quarter

By Lisa J Ulmer, CBS MarketWatch
Last Update: 10:16 AM ET Apr 14, 1999
NewsWatch
Movers & Shakers

ATLANTA (CBS.MW) -- Harbinger Corp. expects to report
greater-than-expected revenue growth and earnings "modestly higher"
than Wall Street consensus estimates for the first quarter due to booming
sales of its core e-commerce products.

The provider of business-to-business electronic
commerce software and services (HRBC: news,
msgs) said Wednesday it expects first-quarter
profits in line or slightly higher than the 3 cents that
analysts polled by First Call expected the company
to earn.

Harbinger also sees revenue growth of 10 percent
to 15 percent for the quarter, which would be a
few percentage points greater than consensus
revenue estimates, according to the company.

Shares rose 1 or about 11 percent to 9 15/16.

"We see significant growth in our core products
continuing, at least for this quarter," said
Harbinger's chief executive C. Tycho Howle in a
statement.

"It is still too early to tell if the higher-than-expected
growth rates in our core e-commerce products will
continue during the remainder of this year," Howle added.

The Atlanta-based Harbinger said it didn't know if the
better-than-expected growth was representative of the industry or
particular to the company.

Lisa J Ulmer is an online reporter for CBS MarketWatch.



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