Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: bobkansas who wrote (13901)	10/23/1999 11:58:00 AM
From: Kaliico	Read Replies (1) \| Respond to of 57584

FYI : B2Bs REPORT STRONG QUARTERLY RESULTS CHEMDEX REPORTS SOLID Q3:99 RESULTS - Chemdex delivered a solid quarter with upside to our estimates driven by greater-than-expected revenues from VWR spot purchase products, expansion in the number of enterprise customers and registered users, and transactions conducted on the Chemdex marketplace. Chemdex reported total revenues of $8.5 million (representing 192% sequential growth) and operating EPS of $(0.47). We were projecting total revenues of $6.0 million and operating EPS of ($0.48). Reported EPS was $(0.49). However, we are neutral on the stock over the near term. The stock has had a significant run recently, and we believe the company's current set of opportunities is reflected in the stock price. ARIBA AND COMMERCEONE EXCEED STREET EXPECTATIONS - Ariba (ARBA) and CommerceOne (CMRC) delivered impressive Q3:99 results and significant upside to Street expectations. Both companies demonstrated strong business momentum as online procurement solutions continue to gain traction in the market. For the quarter, Ariba reported revenues of $17.1 million, software licenses of $9.8 million, and operating EPS ($0.12). The company beat Street estimates by $3-4 million on the top line and by $0.05 in EPS. Ariba added 11 new customers in the quarter, and experienced greater-than-expected revenues from transaction-based license revenues. CommerceOne reported revenues of $10.4 million, software licenses of $7.8 million and operating EPS of ($0.45). The company exceeded Street estimates by $4-5 million, primarily due to strong software licenses, and came in line with consensus EPS. The company added 15 new customers in the quarter, including Pepsi, Duke Energy, and BellSouth. VERTICALNET ANNOUNCES Q3:99 RESULTS AND PARTNERSHIP WITH PAPEREXCHANGE - VerticalNet reported strong Q3:99 results on Thursday, October 21 - exceeding our expectations as both advertising and commerce revenues continued to ramp. For the quarter, the company reported revenues of $5.2 million and operating EPS of ($0.29) compared to our estimates of $4.6 million and ($0.32). FirstCall consensus was ($0.31). The company plans to provide more details on a conference call on Friday, October 22. VerticalNet announced a four-year agreement with PaperExchange - one of many relationships to come as Internet Capital Group continues to leverage its partner companies to create the dominant player in each of its markets. In terms of the agreement, VerticalNet's pulp and paper industry site and PaperExchange.com will share content and give users of both sites access to PaperExchange's marketplace - a $300 billion market opportuntiy. PaperExchange will gain advertising space on VerticalNet's site, while VerticalNet will receive a percentage of PaperExchange's commerce transactions. We view this partnership as a positive for VerticalNet as it expands its market reach and accelerates the company's commerce revenues. PRIMUS EXPANDS ESERVICE OFFERING - Primus announced the beta release of Primus Interchange, significantly expanding the functionality of the company's eService solution. Primus Interchange offers customer self-service on the Web, automated e-mail response, and online interaction and collaboration with support personnel. By moving customer support to the Web, Primus enables its customers to drive down call center costs, while improving customer satisfaction and retention - resulting in measurable ROI. Primus plans to launch the product for commercial availability in early Q1:2000. We believe the company continues to execute on its strategy of offering a comprehensive eService solution built around its core problem resolution knowledge base - a key competitive differentiation from point solution providers. We are expecting another strong quarter from Primus, which plans to release Q3:99 results on Tuesday, October 26.