SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Bill Wexler's Dog Pound -- Ignore unavailable to you. Want to Upgrade?


To: BDR who wrote (2986)8/11/1999 9:02:00 PM
From: xcr600  Read Replies (1) | Respond to of 10293
 
After the HLTH debacle, anyone looking at other nets coming out of their 180day lockups? It's unfortunate that so many are already at 52wk lows.

Here is a link with some lockups ending soon.

cbs.marketwatch.com

x



To: BDR who wrote (2986)8/13/1999 12:01:00 PM
From: BDR  Respond to of 10293
 
I realize BDE is below $5 so it may not be of interest to many of
you, but for those with a position, BDE reported their quarterly
numbers today, available on BusinessWire.

"Brilliant Digital reported a second quarter net loss of
$(2,221,000), or $(0.20) per share. This compares with a net loss of
$(2,758,000), or $(0.29) per share, for the same period a year ago.
Net revenues for the second quarter of 1999 were $127,000, primarily
reflecting retail sales of the Company's newest Multipath Movies,
compared to net revenues for the second quarter of 1998 of $1,000."

By making a comparison to a year ago they make it look like things are
improving for the company (note that part of the decline in the loss-
per-share is due to dilution). However, compare to last quarter:

Q ended 3/31/99

Software sales 154,000
Development fees 54,000

Operating expenses 2,157,000

Net loss 1,890,000

Net revenue down, net revenue less than software sales alone last
quarter, net loss up.

Cash and cash equivalents 4,587
Other current assets 2,735
-----------------
Total current assets 7,322

And this quarterly report does not include the AuctionChannel,
acquired on July 1, 1999, with its exponentially increasing losses.
They have enough cash to perhaps avoid further dilution for another
quarter longer than I had predicted is the best spin I can put on the
numbers.