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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (2429)	1/6/2000 3:28:00 AM
From: Dale Baker	Read Replies (2) \| Respond to of 3543

Since "facts" are being asserted by people who like to use the term "ignorant fool", let's see if there are any Internet companies making a profit. Remember, the statement was made that none make a profit. Fair valuation is a separate issue completely. Several other Internet software companies like VRSN are close to profitability. Ever wonder why there's not a single damn company making a profit on the net? You'd think there would be at least _one_ pure play internet company out there making a profit if the medium were going to change everything. Here are several making money already. America Online provides interactive services, Web brands, Internet technologies and e-commerce services. AOL operates two worldwide Internet services, America Online and CompuServe, and several Internet brands. For the three months ended 9/30/99, total revenues rose 47% to $1.47 billion. Net income totalled $184 million, up from $76 million. Revenues reflect the growth in the number of subscribers. Earnings also reflect a decrease in hourly network costs. BVSN develops, markets and supports application software solutions for one-to-one relationship management for the extended enterprise. For the nine months ended 9/99, revenues totalled $71.8 million, up from $34.9 million. Earnings totalled $10.7 million, up from $1.9 million. Revenues reflect continued strong market acceptance for the Company's core technology. Earnings also reflect lower sales and marketing and research and development expenses as a percentage of revenues. NSOL is a registrar of Internet domain names within the .com, .org, .net and .edu top-level domains, persuant to an amended cooperative agreement with the Department of Commerce. For the nine months ended 9/30/99, revenues totalled $144.9 million, up from $62.4 million. Net income totalled $17.9 million, up from $7.5 million. Results reflect higher domain name registrations, increased business from financial service customers, and decreased cost of revenue as a percentage of revenue. Pacific Internet Ltd. is a provider of internet access and related internet development of on-line and multimedia products and services. For the fiscal year ended 12/31/98, total revenues rose 47% to SP$71.9 million. Net income totalled SP$12.2 million vs. a loss of SP$9.8 million. Revenues reflect increased revenue from dial-up access services due to an increased number of subscribers. Earnings also reflect higher margins due to increased bandwidth efficiency. Net.B@nk, Inc. is a bank holding company for Atlanta Internet Bank, a federally chartered Internet-based savings bank. For the nine months ended 9/30/99, total interest income totalled $34.3 million, up from $11.7 million. Net interest income after loan loss provision totalled $15 million, up from $4.5 million. Net income fell 31% to $2.6 million. Results reflect increased earning asset balances due to growth of the loan portfolio, offset by a higher effective tax rate. SE develops, markets and supports software products and provides services and consulting that enable businesses to engage in e-business communications and transactions with their trading partners and other e-business community constituents. For the fiscal year ended 9/30/99, revenues rose 27% to $623.1 million. Net income totalled $123.9 million, vs. a loss of $61.2 million. Results reflect increased licensing of CONNECT software products and the absence of a $116.5 million purchased R&D charge. Verity Inc. develops, markets and supports knowledge retrieval software products for corporate internet and extranets, online publishers and e-commerce providers, OEMs and independent software vendors. For the three months ended 8/31/99, revenues rose 50% to $19.8 million. Net income totaled $5.1 million, up from $1.2 million. Results reflect increased licensing of Internet/Publishing and enterprise products and higher margins due to product mix. Recent Earnings Announcement - For the 3 months ended 11/30/1999, revenues were 16,717; after tax earnings were 1,540.