To: MythMan who wrote (73668 ) 11/4/1999 2:03:00 PM From: John Pitera Respond to of 86076
got some IT news... JPTR reported big numbers and came out of their quiet period. they have moved from 31 to 40 this week. IT owns 28% of them and if JPTR were ever to go on a tear ( and it is in that B2b Ecommerce arena, you could get IT for free or pretty close to it. and people might even wake up one day and say that wow IT is doing e commerce and B2B consulting and it's PE is 10 and price to sales is 1.4 compared to JPTR's 18 plus price to sales.cbs.marketwatch.com Jupiter Communications' revenue jumps 147% Benefits from strong demand for research services By Myra P. Saefong, CBS MarketWatch Last Update: 6:43 PM ET Nov 3, 1999 Earnings Surprises NewsWatch NEW YORK (CBS.MW) -- Jupiter Communications reported a 147 percent jump in third-quarter revenue after the markets closed on Wednesday, reflecting a strong demand for Internet commerce research services. CBS MarketWatch Columns Updated: 11/4/99 8:57:00 AM ET Jupiter Communications (JPTR: news, msgs) reported a third-quarter net income of $788,000 compared to a profit of $24,000 a year ago. The latest data equates to a pro forma net income per share of 6 cents for the third quarter of 1999. An earnings per share figure was unavailable for the 1998 period. The company's stock went public less than a month ago, in early October, with its initial public offering of 3.125 million shares priced at $21 each. Additionally, First Call didn't provide an earnings estimate on the New York-based company. Total third-quarter revenue was $12.67 million vs. $5.1 million a year ago. Jupiter's chief executive officer, Gene DeRose cited strong revenue and demand for services from its core research and advisory services segment, where revenue was up 288 percent over last year (for the nine-month period ended Sept. 30). See statement. "Our performance in this period truly demonstrates the demand for the services we provide," said DeRose. Successful industry conference events, reflected by a 127 percent rise in conference revenue, also contributed to the strong quarter results, the company's president and chief operating officer, Kurt Abrahamson said. Shares of the leading provider of research and advisory services on Internet commerce closed 13.2 percent higher, at 36, up 4 3/16 ahead of the earnings release on Wednesday. The stock gained after Thomas Weisel Partners started coverage on the Internet research firm with a "buy" rating. Myra P. Saefong is a reporter for CBS MarketWatch.