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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: manny t who wrote (43470)	6/7/1999 5:07:00 PM
From: Susan G	Respond to of 120523

Cool. I hadn't seen that yet. This is from CBS marketwatch. Verio (VRIO: news, msgs) said its relationship with America Online (AOL: news, msgs) is deepening. The Internet service provider offers Web hosting to four AOL services to boost its brand; it's extending its offerings to other AOL services. The firm sees organic revenue growth of 80 percent over the next five years vs. 50 percent this year, said Peter Fritzinger, chief financial officer. Verio also sees gross margins improving to 70 percent over the same period, up from 65 percent currently. Fund managers at the conference said they believe the company can achieve those numbers by layering in new products such as e-commerce packages and by up-selling existing customers high speed DSL service. Fritzinger said Verio added 500 DSL lines in May on top of 1,350 lines in the first quarter. Some were skeptical about the company's ability to grow organic sales by 80 percent. Fritzinger said the company's chances of making positive EBITDA in the third quarter "are very real." The full link cbs.marketwatch.com