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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: davep who wrote (51794)	7/21/1999 2:22:00 PM
From: Joe Hoek	Respond to of 120523

NETG releases earnings at 1:30 FWIW : biz.yahoo.com SAN MATEO, Calif.--(BUSINESS WIRE)--July 21, 1999--NetGravity, Inc. (Nasdaq: NETG - news) today announced financial results for the quarter ended June 30, 1999. The company reported revenues of $5.6 million for the second quarter of 1999, a 24 percent increase over revenues of $4.6 million reported for the first quarter of 1999, and a 142 percent increase over revenues of $2.3 million reported for the second quarter of 1998. Net loss for the second quarter of 1999 was $2.1 million, or a loss of $0.12 per share, compared with a net loss of $3.7 million, or a loss of $0.28 per share for the first quarter of 1999, and a net loss of $3.0 million, or a loss of $0.59 per share for the second quarter of 1998. The company reported revenues of $10.2 million for the six months ended June 30, 1999, a 136 percent increase over revenues of $4.3 million reported for the six months ended June 30, 1998. The net loss for the six months ended June 30, 1999, was $5.9 million, or $0.38 per share. ''We are very pleased with our record second quarter performance and are proud of our continued ability to deliver strong business growth and product leadership,'' said Eric W. Spivey, president and chief executive officer of NetGravity. ''Our recently announced intention to merge with DoubleClick in the fourth quarter of 1999 brings together the two industry leaders, with a combined solution offering second to none.''