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By: juggernaut
Reply To: None
Wednesday, 21 Apr 1999 at 6:34 PM
EDT
Post # of 541
A GREAT QUARTER. Revenue was up 128% over year ago and loss
per share narrowed.
Among the highlights include:
NETG signed up 36 new customers, of which 25 were AdServer, and
11 were AdCenter (outsourcing).
NETG struck a very important alliance with IBM which the company
expects will translate to significant deals in the coming quarters (they
said that there could be $5 million type deals due to IBM's expansive
reach)
NETG formed an alliance with leftfield.com, an interactive agency
whose high-profile customers include Amazon.com, Preview Travel,
Infoseek, Macy's among others. These clients will use NETG's
AdCenter technology for its new campaigns going forward.
NETG formed an alliance with Phase2Media which is an ad sales
company that is headed by Richie Glassberg, a pioneer in the internet
advertising world and former Turner interactive president. He built
CNN's online properties which are among the 10 most visited sites in
the world wide web. Phase2Media will pay NETG fees for the clients
who shall use NETG's offerings.
NETG is still the DOMINANT play in market share in the
highly-competitive publishing sector which is the place where the bulk
of ads are placed. NOTE: DCLK is number 2.
NETG's revenue from North America was 65%, and the recent
expansion of the company to enable AdCenter in Europe and Asia
should significantly contribute to future revenue from the international
outsourcing market. Also, the international internet market industy is
still in its early growth, so NETG stands to capture a lot of market
share by being there first.
NETG has increased the number of consumer profiles in its Global
Profile Service from 45.6 to 60.0 million - this is very valuable data for
e-commerce merchants as they try to customize and more accurately
assess the attributes of their target markets.
Among new customers added include, Nabisco (HUGE!!!),
Internet.com, EDS, Sony UK, Valueline America, Motley Fool, and 9
leading advertising agencies.
NETG raised $113 million from the Secondary, which will be used as
working capital to allow the company to expand with its ambitious
plans.
Robertson Stephens, Piper Jaffrey analysts, and I asked the bulk of
the questions, and the analysts all expressed how great of a quarter
they felt it was.
I want to go through the official release and financials later to give a full
assessment, but I'm on the EXDS, CNET, and GNET conferences so I
have lots of work. It's been such an amazing week (including Monday
which was a gift for bottom feeders like me who got in on bargains).
Juggernaut
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