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Technology Stocks : InfoSpace.com -- Ignore unavailable to you. Want to Upgrade?

To: DAY TRADER who wrote (1012)	7/27/1999 5:39:00 PM
From: Apache Indian	Read Replies (1) \| Respond to of 3070

talking about $65 you guys should read this carefully. "For the quarter, the Company reported net income of $409,000, or $0.01 per diluted share, excluding acquisition related expenses and other non-recurring charges, compared to net income of $463,000 or $0.02 per diluted share for the same period in 1998. Including these expenses, the Company reported a net loss for the quarter of $5.0 million, or $0.11 per diluted share compared to a loss of $2.7 million, or $0.11 per diluted share for the second quarter of 1998. a couple of contradictions here. #1. the same old GAAP issue, how can the CEO claim profitability when they are reporting an 11 cent loss. #2. if you accept their reasoning that they are profitable from an operating standpoint, then they were already profitable in Q2 1998 when they earned 0.02 per share ! so then how can you state ''Achieving profitability two quarters ahead of Wall Street's expectations demonstrates the strength of our business model. " said Naveen Jain, chairman and CEO, InfoSpace.com. I'm shorting on any strength tomorrow.