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To: esecurities(tm) who wrote (2431)11/11/1999 9:13:00 PM
From: Pete Mason  Read Replies (1) | Respond to of 2443
 
Peee-yeeeww!!!! "Earnings" are out!!

This is just too funny. For laughs, I dug out Black & Co's estimates for this quarter: Sales of $7.1M, loss of five cents. Instead, we get sales of $85,000 and a loss of either $0.20 or $0.31, depending on how you slice it. Of course, the loss per share was quite a bit less than it might have been, since the amount of stock has ballooned up to over five millions shares!! ROFL!!!!!

So the lead quote in the release, presumably putting their best foot forward, says ``The third quarter financial results of our new Internet software business, and the September 30, 1999 proforma balance sheet, reflect the transition from our old business model to our new business model,' stated Frank G. Hausmann, CenterSpan's President and CEO.

Oh goody, the crappy results reflect the transition to their new Internet software business! Wow, am I excited about the future!

Then, dramatically, Frank summarizes the entire CenterSpan enterprise: "We have 32 employees, $20 million in cash, three technologies licensed from Intel and a global market opportunity."

Here's your chance, kids: Buy into a $75M market cap because they have employees, they're still solvent, and they've bought some INTC code!!

Sorry this post is so maudlin, but what can I say---I'm short the stock!!!

-- Pete



To: esecurities(tm) who wrote (2431)11/11/1999 11:20:00 PM
From: esecurities(tm)  Respond to of 2443
 
(CBS.MW) 15:58 ET [CSCC] CENTERSPAN COMMUNICATIONS SIGNS DISTRIBUTION & LICENSING DEAL WITH GO2MARKET.COM [1.]...

Source: CBS.MarketWatch.com Headline News www2.marketwatch.com

"...CenterSpan will receive a share of the e-commerce revenue generated by Go2Market.com from WeCanTalk 3.0 facilitated purchases and a warrant to purchase stock in Go2Market.com.

The Agreement enables Go2Market.com to sublicense WeCanTalk 3.0 to certain targeted game publishers, including GT Interactive Software Corp. (Nasdaq:GTIS - news), which brought the smash hit DeerHunter to the mass-market. Go2Market.com intends to sublicense WeCanTalk 3.0 to GT Interactive for integration into its game titles.

``We believe the communication and collaboration capabilities of WeCanTalk 3.0 represent a revolutionary step in enhancing multi-player gaming over the Internet and will contribute to a significant increase in the number of regular on-line gamers in the casual gaming market segment,' stated Steve Foust, CEO of Go2Market.com. ``CenterSpan is creating a no-brainer desktop application that integrates instant messaging, full duplex multi-point audio and eventually video that will enable even the most novice gamers to find, launch and connect multi-player games over the Internet with virtually one point and click. We believe this type of application could facilitate an increase in multi-point gaming over the Internet from approximately 6% today to over 35% within the next few years. This is a big step for on-line gaming,' added Foust..."


[1.] Steve Foust; Go2Market.com go2market.com

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To: esecurities(tm) who wrote (2431)11/12/1999 3:02:00 AM
From: esecurities(tm)  Respond to of 2443
 
[11-12-99 02:58 AM ET] SI CENTERSPAN (CSCC) THREAD Subject 31729

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