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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?

To: Ron H who wrote (955)	11/3/1999 6:26:00 PM
From: keta	Read Replies (2) \| Respond to of 1884

"Smooth Sailing" according to Marketwatch Digital Island fourth-quarter loss narrows By Cecily Fraser, CBS MarketWatch Last Update: 5:32 PM ET Nov 3, 1999 NewsWatch SAN FRANCISCO (CBS.MW) -- It could be smooth sailing for shares of Digital Island on Thursday morning after the network services provider reported a slimmer-than-expected fourth-quarter loss amid a 433 percent surge in revenue. After the market closed, the company (ISLD: news, msgs) posted a net loss of $22 million, or 62 cents a share. That's four cents better than the consensus estimate of analysts surveyed by First Call Corp. Last year, the company posted a pro forma loss of $5.7 million, or 36 cents. "As evidenced by our strong results, this has been a phenomenal year for Digital Island on many levels," said Ruann Ernst, chief executive officer in a statement. Revenue for the quarter rose to $4.9 million, up a hefty 433 percent, from $927,000 in the year-ago period. San Francisco-based Digital Island serves companies that need application hosting, content distribution, and network management. It operates four data centers in Honolulu, London, New York City, and Santa Clara, California. During the quarter Digital Island said it grew its customer base by 37 percent to 111 including Digital River (DRIV: news, msgs), NetGravity, Intraware (ITRA: news, msgs). The company said it also strengthened its product offerings with the launch of TraceWare technology, an Internet atlas that determines users' country of origin with 96 percent accuracy. Digital Island also said its $621 million merger with privately-held Sandpiper Networks, announced in October, is expected to close before the end of the first calendar quarter in 2000. The marriage will allow the companies to integrate content delivery, hosting and network services aimed at a global e-business applications. Shares rose 11 3/4, or 19 percent, to 73 ahead of the news.