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To: Clint E. who wrote (22225)	7/21/1999 5:47:00 PM
From: Iris Shih	Read Replies (1) \| Respond to of 69762

Clint, smartmoney.com The Next Big Thing By Jersey Gilbert and Tiernan Ray WE'RE NOT going to kid ourselves. We know that a lot of people won't be thrilled with the number they get at the bottom of our new early-retirement worksheet. Just now starting to save? Putting your children through college? Supporting elderly parents who themselves perhaps never saved enough for retirement? Then you know what we're talking about. Your number -- the amount you need to save every year to make your retirement goal -- is going to look huge. Or even, perish the thought, unattainable. But with a little luck, there might be something you can do about it. The fact is, even a small amount invested in the right place can give your portfolio the lift it needs, getting you close to your early retirement faster than you ever imagined. Public Companies to Watch COMPANY PRICE AS OF 6/25/99 FORWARD P/E* KEY PRODUCT COMMENT Ciena (CIEN) $30.06 54.6 Network equipment Grabbed a head start in optical networking. Conexant Systems ( CNXT) 55.50 82.8 Communications chips Anticipating big market in 3G wireless. Hewlett-Packard ( HWP) 92.63 22.9 Fiber-optic software and components Spinoff NewCo is an optical-network dark horse. Inktomi ( INKT) 106.75 NM Internet software A necessary key to improving the Internet infrastructure. Marimba ( MRBA) 38.25 637.5 Service-mgt. software Lifted by the trend of applications over the Web. RF Micro Devices ( RFMD) 60.75 44.6 Wireless-power amplifiers An important component for all emerging wireless applications. Texas Instruments ( TXN) 135.50 33.5 Digital micro mirrors Has over 300 patents for digital light processing Uniphase ( UNPH ) 151.38 78.8 Fiber-optic equipment Merger with JDS Fitel will create optical-systems powerhouse. Sources: Zacks Investment Research, SmartMoney *Based on next fiscal year's earnings Iris

To: Clint E. who wrote (22225)	7/21/1999 9:15:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 69762

====earnings after the close===== CT Communications Inc. (CTCI) 45 3/4 -1/2: provider of integrated telecommunications services posts a Q2 net of $0.97 a share, six cents better than the First Call mean, vs year-ago profit of $0.34; operating revenues increased 16% to $26.1 mln..... Caere Corp. (CAER) 10 1/2 +1/4: provider of software solutions for scanners posts a Q2 net of $0.20 a share, two cents shy of the First Call mean, but at the high end of the range of preliminary results announced on July 12, vs year-ago profit of $0.18; revenues increased 5% to $17.02 mln..... AFC Cable Systems Inc. (AFCX) 38 1/4 +1/4: manufacturer of electrical and communications products and systems posts a Q2 net of $0.56, in line with the First Call mean, vs year-ago profit of $0.50; sales rose 12.2% to $77.93 mln..... Allied Waste Industries Inc. (AW) 18 15/16 unch: waste management company to be added to the S&P 500 index, replacing Browning-Ferris Industries (BFI 44 11/16 +7/16); also ADC Telecommunications (ADCT 43 1/4 +1 7/16) to replace Nalco Chemical Co. (NLC 52 3/16 +1/16) in the S&P 500 index..... Oakley Inc. (OO) 8 1/16 -1/16: manufacturer and distributor of eyewear and athletic equipment posts a Q2 net of $0.15 a share, in line with the First Call mean, vs year-ago profit of $0.16; net sales rose 2.9% to $72.1 mln..... Amazon.com (AMZN) --Update-- issue tumbles 3 1/2 pts in 3rd-market; America Online (AOL) shares trading off 1 1/4 (18:00 ET).... TALX Corp. (TALX) 9 +3/8: provider of self-service solutions using interactive Web, interactive voice response and computer telephony integration software posts a fiscal Q1 net of $0.09 a share, in line with the First Call estimate, vs year-ago profit of $0.01; revenues rose 22% to $8.2 mln..... Amazon.com (AMZN) 125 7/16 +5 5/16: online retailer reports a Q2 loss of $0.51 a share, in line with the First Call mean; sales rose 171% to $314.4 mln; company also declares a 2-for-1 stock split.... Priority Healthcare Corp. (PHCC) 37 1/8 -3/8: distributor of specialty pharmaceuticals and related medical supplies posts a Q2 net of $0.23 a share, three cents better than the First Call estimate, vs year-ago profit of $0.12; sales increased 60% (and 47% excluding the Pharmacy Plus acquisition) to $102 mln..... Exodus Communications (EXDS) 128 1/8 +5 5/8: Web hosting company reports a Q2 loss of $0.51 a share, a penny narrower than analysts were expecting, vs a yr-ago loss of $0.36; company also announced a 2-for-1 stock split..... MedImmune Inc. (MEDI) 81 5/8 +4 3/4: biotechnology company posts a Q2 loss of $0.19 a share including an income tax benefit of $7 mln, vs year-ago loss of $0.35; according to First Call, company was expected to lose $0.22; total revenues fell 58.4% to $10.24 mln..... Network Associates (NETA) 17 1/16 -1: supplier of enterprise network security and management software posts a Q2 loss of $1.05, in line with the First Call estimate, vs year-ago loss of $0.29; net revenues fell 90% to $25.196 mln..... VIVUS Inc (VVUS) 4 +1/8: developer of erectile dysfunction treatments reports a Q3 profit of $0.01 a share, a penny below the First Call estimate (1 analyst surveyed), compared to a yr-ago loss of $0.76; revenue fell 57% to $6.8 mln..... Best Software Inc. (BEST) 17 3/8 +1/4: provider of corporate resource management solutions posts a Q2 net of $0.20, in line with the First Call estimate, vs year-ago profit of $0.15; revenues increased 33% to $21.7 mln..... Activision Inc (ATVI) 15 5/8 -9/32: distributor of interactive entertainment software reports a Q1 loss of $0.19 a share, in line with the First Call mean, vs a yr-ago loss of $0.17; revenue rose 37% to $84.1 mln..... Harmonic Inc. (HLIT) 65 +2 11/16: designer, manufacturer and marketer of digital and fiber optic systems posts a Q2 net of $0.25 a share, more than twice the First Call estimate of $0.12, vs year-ago loss of $0.25; sales rose 109% to $37.9 mln..... Peregrine Systems (PRGN) 26 1/4 -11/32: provider of Infrastructure Management solutions reports Q1 earnings of $0.14 a share (excluding costs), two cents above the First Call mean, vs yr-ago net of $0.09; revenue increased 137% to $51.6 mln.... Polycom Inc (PLCM) 38 +7/8: multimedia communications company reports Q2 earnings of $0.20 a share, a penny above the First Call mean, vs yr-ago EPS of $0.10; revenue rose 73% to $45.1 mln.... Kimberly-Clark Corp. (KMB) 57 +1 5/16: consumer products company posts a Q2 net of $0.72 a share, excluding a net credit, three cents ahead of the First Call mean, vs year-ago profit of $0.58; sales increased 3.5% to $3.15 bln..... Extreme Networks (EXTR) 65 13/16 -7 9/16: networking equipment maker reports a fiscal Q4 profit of $0.05 a share, two cents above the First Call mean, vs a yr-ago loss of $0.10; revenue climbed 276% to $38.1 million..... Preview Travel Inc. (PTVL) 21 3/8 +7/8: online travel service company posts a Q2 loss of $0.54 a share, ten cents narrower than the First Call estimate, vs year-ago loss of $0.39; revenues rose 131% to $7.3 mln..... SpeedFam-IPEC (SFAM) 15 1/8 -3/8: chip equipment maker posts a Q4 loss of $1.58 a share, much wider than the $0.39 loss expected by Wall Street, compared to yr-ago red ink of $1.69; revenue fell 25% to $48.6 mln.... Tower Semiconductor Ltd. (TSEMF) 9 3/4 +1/32: manufacturer and service provider of semiconductor integrated circuits on silicon wafers posts a Q2 loss of $0.55 a share, a penny narrower than the First call estimate, vs year-ago loss of $0.38; sales fell 1.4% to $14.8 mln as the company expects lower prices for standard CMOS processes will continue to have a negative impact in the short-term..... Cirrus Logic (CRUS) 8 13/16 +3/16: chip maker reports Q1 earnings of $0.01 a share, two cents above the First Call mean, vs yr-ago earnings of $0.01.... HMT Technology Corp. (HMTT) 2 11/16 -1/16: designer, developer and manufacturer of high-performance thin-film disk posts a fiscal Q1 loss of $0.43 a share, much wider than the First Call loss estimate of $0.27, vs year-ago profit of $0.03; net sales fell 20.9% to $44.9 mln as results were affected by lower average selling prices, due to the very aggressive pricing environment, lower sales units due to customers reducing their production plans and planned reductions in production levels..... Open Market (OMKT) 15 7/16 +1/2: developer of Internet commerce software reports a Q2 loss of $0.05 a share, four cents narrower than analysts were expecting, vs a yr-ago loss of $0.34; revenue increased 13% to $16.5 mln..... Com21 Inc (CMTO) 19 3/8 +3/16: provider of system solutions for the broadband access market reports a Q2 loss of $0.10 a share, in line with the First Call mean, vs a yr-ago loss of $0.45; revenue rose 147% to $21.5 mln..... Symantec Corp. (SYMC) 30 3/4 +1/4: provider of Internet security technology posts a fiscal Q1 net of $0.45 a share, a penny ahead of the First Call mean, vs year-ago profit of $0.39; revenues increased 27% to $175 mln..... Concur Technologies (CNQR) 38 +1: provider of workplace e-commerce solutions reports a Q3 net loss of $0.40 a share, ten cents narrower than the First Call mean, vs yr-ago red ink of $0.44; revenue rose 107% to $11.2 million.... Aware Inc. (AWRE) 61 +3 15/16: provider of digital subscriber line technology posts a Q2 net of $0.04 a share, in line with the First Call mean, vs year-ago loss of $0.06; revenues rose 94% to $4.7 mln..... Conexant Systems (CNXT) 58 +2 3/4: modem chipset manufacturer reports Q3 earnings of $0.24 a share, a nickel better than analysts expected; revenue rose 20% sequentially to $380.3 mln; CNXT was a unit of Rockwell International Corp. (ROK) in the yr-ago period..... Brooktrout Inc. (BRKT) 18 3/8 +1 1/4: supplier of electronic communications products posts a Q2 pro-forma net of $0.15 a share, in line with the First Call estimate, vs year-ago profit of $0.17; revenues increased 29% to $33.79 mln..... Stamps.com Inc. (STMP) 45 13/16 -2 3/16: Internet-based postal service delivery system posts a Q2 pro forma net loss of $0.19 a share vs year-ago loss of $0.05; there are no First Call estimate for this period; STMP had no revenues..... Software.com Inc (SWCM) 42 3/4 +1 3/4: provider of carrier-class email and unified-messaging software reports a Q2 loss of $0.10 a share, much narrower than the $0.17 a share Zacks mean estimate (2 analysts surveyed), vs a yr-ago loss of $0.05; revenue rose 48% to $9 mln.... Cerner Corp. (CERN) 19 9/16 +3/16: healthcare information services posts a Q2 net before extraordinary item of $0.01 a share, a penny below the First Call mean, vs year-ago profit of $0.16; revenues rose 4.5% to $82.8 mln as revenue growth continues to be "challenged by pressures on new business contract bookings created by the deferral of purchasing decisions due to Y2K and the Balanced Budget Act of 1997"..... Atmel Corp (ATML) 28 -13/16: chip maker reports Q2 net of $0.13 a share (excluding gains), in line with the First Call mean estimate, vs yr-ago EPS of $0.17; revenue rose 8% to $311.1 mln.... Western Digital Corp. (WDC) 6 1/16 +1/8: disk drive maker posts a fiscal Q4 loss of $0.90 a share, four cents narrower than the First Call estimate, vs year-ago loss of $1.84; revenues rose 9% to $709.3 mln as the company had total inventory turns of 19, about four turns better than in the prior quarter..... Ariba Inc (ARBA) 121 +11: provider of business-to-business electronic commerce network solutions reports a Q3 loss of $0.86 a share (including certain costs). Excluding amortization of stock-based compensation, net loss was $0.46, compared to yr-ago loss of $0.42; revenue rose 376% to $11.9 mln; no estimates were available for this recent IPO.... ESS Technology Inc. (ESST) 12 7/16 +3/16: supplier of Internet, modem, PC audio and digital video solutions posts a Q2 net of $0.18 a share, four cents better than the First Call mean, vs year-ago loss of $0.32; net revenues rose 93% to $67.2 mln..... America Online (AOL) : --Update-- issue halted in 3rd-market trading; YHOO shares trading up 1/2 on heels of better-than-expected AOL report (16:38 ET)... Silicon Graphics Inc. (SGI) 16 unch: maker of servers, supercomputers and visual workstations posts a fiscal Q4 net of $0.12 a share, well ahead of the First Call loss estimate of $0.05, vs year-ago loss of $1.17; total revenues rose 7.1% to $828.6 mln..... Go2Net Inc (GNET) 77 3/4 +1 5/16: network of technology and community driven Web sites reports Q3 pro forma earnings of $0.07 a share, two cents above the First Call mean, vs a yr-ago loss of $0.01.... Tut Systems (TUTS) 43 1/8 +1: developer of products which enable high-speed data access over the copper infrastructure of telephone companies reports a Q2 loss of $0.23 a share, two cents narrower than analysts were expecting, vs a yr-ago loss of $0.49; revenue rose 89% to $5 mln.... Sybase Inc. (SYBS) 11 11/16 +1/2: enterprise data management and enterprise application development software developer posts a Q2 net of $0.14 a share, four cents better than the First Call mean, vs year-ago profit of $0.01; total revenues fell 3.5% to $210.19 mln..... Legato Systems (LGTO) 74 9/16 +2 3/16: provider of enterprise storage management software reports Q2 net of $0.29 a share (excluding merger charges), four cents above the First Call mean, vs yr-ago earnings of $0.09; revenue rose 65% to $62 mln; company also announced a 2-for-1 stock split.... Visio Corp (VSIO) 28 -15/16: supplier of business drawing and diagramming software reports Q3 earnings of $0.31 a share, two cents above analysts' mean estimate, vs yr-ago EPS of $0.26.... Edify Corp. (EDFY) 11 13/16 +1/4: provider of Internet and voice e-Commerce portal solutions posts a Q2 loss of $0.15 a share, eleven cents narrower than the First Call mean, vs year-ago loss of $0.02 ..... Broadcom Corp (BRCM) 131 1/4 -3/4: developer of chips for high-speed digital data transmissions reports Q2 pro forma net of $0.19 a share, three cents above the First Call mean, vs yr-ago EPS of $0.05.... Vignette Corporation (VIGN) 67 9/16 +3 1/16: maker of Internet relationship management software posts a Q2 loss from operations of $0.22 a share, four cents narrower than the First Call mean, vs year-ago loss of $0.31 Compuware Corp (CPWR) 33 5/8 unch: software developer reports Q1 earnings of $0.24 a share, three cents above the First Call mean estimate, vs yr-ago net of $0.15.... America Online Inc. (AOL) 115 7/8 +2 11/16: online service provider posts a fiscal Q4 net of $0.13 a share, two cents better than the First Call estimate, vs year-ago profit of $0.05; revenues rose 46% to $1.38 bln..... Beyond.com (BYND) 26 1/16 -1/4: online software retailer reports a Q2 pro forma loss of $0.62 a share, three cents narrower than Wall Street was anticipating, compared to a yr-ago loss of $0.23.... i2 Technologies (ITWO) 42 15/32 +1 15/32: developer of supply chain management reports Q2 earnings of $0.11 a share, in line with the First Call mean, vs yr-ago net of $0.01.... Vantive Corp (VNTV) 9 27/32 +31/32: developer of front-office automation posts a Q2 loss of $0.06 a share, a penny wider than the First Call mean, vs year-ago profit of $0.04..... Molex Inc (MOLX) 35 3/4 +1 13/16: manufacturer of electronic, electrical and fiber optic interconnection products and systems reports Q4 net of $0.32 a share, in line with the First Call mean, vs yr-ago EPS of $0.29.... Onsale Inc. (ONSL) 17 11/16 +1/32: online retailer posts a Q2 loss of $0.60, in line with the First Call estimate, vs year-ago loss of $0.28; revenues rose 60% to $81 mln..... Antec Corp. (ANTC) 36 5/16 +1 5/16: communications technology company posts a Q2 net of $0.21 a share, two cents ahead of the First Call estimate, vs year-ago profit of $0.09..... Burr-Brown Corp. (BBRC) 11 1/8 +7/8: designer and manufacturer of high-performance, analog and mixed signal semiconductor components posts a Q2 net of $0.27 a share, three cents better than the First Call estimate, vs year-ago profit of $0.25..... ======--------======--------======--------======--------

To: Clint E. who wrote (22225)	7/21/1999 9:17:00 PM
From: Clint E.	Read Replies (2) \| Respond to of 69762

Wed, 21 Jul 1999, 9:11pm ,,MP3.com Shares Double in First Day of Trading By Per H. Jebsen San Diego, July 21 (Bloomberg) -- MP3.com Inc., a 16-month old money-losing Internet music company, more than doubled on its first day of trading, as investors bet it will revolutionize music distribution. San Diego-based MP3.com closed with a market value of $4 billion, almost two-thirds that of EMI Group Plc, the world's third-biggest publicly-traded music company. MP3.com's shares surged 35 5/16 to 63 5/16 as almost 16 million shares traded on the Nasdaq Stock Market. MP3.com, which lost $1.4 million this quarter on sales of roughly $666,000, allows people to download CD-quality music, often for free, from a library of 100,000 songs from more than 18,000 artists. The company offers listeners music from ''lesser-known and local artists'' who are often overlooked by major record labels, the company said. ''Investors now seem to be very interested in the digital delivery of music and other media,'' said Eric Efron, co-manager of the $1 billion USAA Aggressive Growth Fund in San Antonio, Texas. ''When investors see this type of stock working, they automatically want to buy the next one'' The recent success of IPOs by music and audio-related Internet companies such as Musicmaker.com Inc., Liquid Audio Inc., and Audible Inc. helped increase interest in MP3.com, he said. Reston, Virginia-based Musicmaker.com is an Internet company that lets customers compile their own CDs, Redwood City, California-based Liquid Audio sells software that allows consumers to download music from the Internet, and Wayne, New Jersey-based Audible delivers audio versions of books and newspapers over the Internet. Threat MP3 technology could compete with traditional record companies because it allows artists to distribute music online, at reduced cost and with greater control. Also, MP3 technology generally allows individuals to download and distribute ''pirated'' copies of copyrighted recorded music, which hurts the profits of established music companies and their artists. The big record companies are scrambling to develop a universal standard for electronic music delivery called the Secured Digital Music Initiative. This would provide better security in music distribution than MP3 technology, but might pose a threat to companies that rely on MP3. Major music companies such as EMI, Seagram Co.'s Universal Music Group, Time Warner Inc.'s Warner Music Group, Sony Corp.'s Sony Music Entertainment, and Bertelsmann AG's BMG Entertainment, control about 80 percent of the roughly $39 billion worldwide music. ''Industry players have been so eager to dampen any momentum MP3 had as a format that the great benefits of digital distribution -- including use of MP3 -- remain vastly under- exploited,'' said Mark Mooradian, an analyst with Jupiter Communications LLC. Limited Growth? A recent study from Jupiter predicts that downloading from the Internet will achieve just $147 million in sales by 2003 because of the big music companies' failure to tap into the medium's distribution potential. ''There are two classes here -- the music industry, which is interested in protecting its distribution, and the Internet crowd, which is more focused on the consumer and the independent artist,'' said Michael Robertson, MP3.com's chief executive, in an interview this spring. Robertson, 32, has a stake worth $1.6 billion. The music industry ''either needs to get in on the game or watch the entire industry go to somebody else,'' he said. MP3.com isn't worried that its namesake technology will become obsolete because the company intends to adapt to new technologies as they develop, he said. ''MP3.com is the next MTV, except it will grow much bigger,'' he said. MP3.com lost $1.4 million in the three months ended March 31, and $358,000 in 1998, when it had sales of $1.2 million. About 84 percent of the company's sales came from online advertising in the first quarter of this year. The company had 141 employees as of June 30, up from 8 at December 31. ''This is a tiny company with very low sales and pretty heavy losses, and we don't expect those losses to disappear for some time,'' Efron said. ''Investors should go into this investment with their eyes wide open.'' Groupe Arnault The French company Groupe Arnault, which has interests in luxury goods companies such as LVMH Moet Hennessy, agreed earlier this month to buy $150 million of advertising and other services from MP3.com over the next five years. A unit of Groupe Arnault bought 3.3 million of the 12.3 million shares sold by MP3.com at $28 each, raising $344.4 million. The sale represented an 18 percent stake. Groupe Arnault has a stake of about 5 percent following the sale. Cox Interactive Media Inc., which invested $45 million in the company in June, has 9.4 percent of the shares following the initial sale. Sequoia Capital, a venture capital firm, has about 15 percent of the shares. MP3.com's shares were priced $2 above the top of the $24-to- $26 range set by Credit Suisse First Boston Corp., which handled the transaction. CS First Boston raised the range to $24-to-$26 from $16-to-$18 earlier today. It raised the range from $9-to-$11 on July 12. The company will use about $10 million of the sale proceeds for marketing and promotional activities, $8 million for capital expenditures, $4 million for concert sponsorships, and $2 million to expand its facilities, the company said in its IPO filing. MP3.com trades under the symbol MPPP. Hambrecht & Quist LLC and BancBoston Robertson Stephens assisted in the sale.