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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Anthony@Pacific who wrote (50259)1/20/2000 12:24:00 PM
From: SLOJET  Read Replies (1) | Respond to of 122087
 
AVAN I am in.

SLOJET



To: Anthony@Pacific who wrote (50259)1/20/2000 12:46:00 PM
From: Tassi  Respond to of 122087
 
AVAN--I am IN with you ..started with few K for now...

Thanks



To: Anthony@Pacific who wrote (50259)1/20/2000 1:00:00 PM
From: allen menglin chen  Respond to of 122087
 
Tony, Is CONV a buy under $10 after today's profit warning and downgrades?
Thanks
Allen

biz.yahoo.com
Thursday January 20, 12:52 am Eastern Time
Company Press Release
SOURCE: Convergent Communications Services, Inc.
Convergent Communications Comments on Fourth Quarter
ENGLEWOOD, Colo., Jan. 19 /PRNewswire/ -- Convergent Communications(TM) announced today, based on preliminary assessment of its fourth quarter 1999 performance, the company expects its quarterly EBITDA to fall below the range of analysts' published estimates.

The company's preliminary estimates for the quarter ended December 31, 1999, include a range of $48 million - $50 million for fourth quarter revenue, and 1999 year-end revenue of $160 million to $162 million, up from $24.8 million in the quarter ended December 31, 1998, and $61.6 million for the year ended December 31, 1998.

The company's preliminary estimate of EBITDA(1) loss is in the range of $24 million to $27 million for the quarter ended December 31, 1999. ``We are accelerating our investment into our eBusiness Solutions and IP-based (Internet Protocol) infrastructure areas of our business which we believe will result in substantial value in the future,' said John R. Evans, chairman and chief executive officer for Convergent Communications. ``These investments are capitalizing on the emergence of broadband access and IP data services as the prime drivers of the next-generation of the Internet.'

The increase in EBITDA loss from the prior quarter is primarily attributed
to:
-- $4 million - $6 million in costs associated with the company aligning
its operations to capitalize on its Internet infrastructure
opportunity. These costs include people, organizational activity and
network expansion associated with the creation of the company's
Strategic Management Units (SMUs). The company's three newly created
SMUs are:

Strategic Management Revenue Streams
Units

eBusiness Solutions eCommerce development, Web application
development, Web hosting and Application
Service Provider (ASP) partnering and hosting

Enterprise Network Managed professional services, including
Services management and monitoring services, and
ownership of customers' premises networks
under long-term service agreements, financing
services, and data transport services over
the company's IP + ATM network

Enterprise Systems Internet, data, voice and video-related
systems

-- $2 million - $4 million shortfall against overall revenue expectations
for the quarter as customer purchases softened prior to the year end.

-- $1 million - $2 million increase in expenses due to reassigning
engineering resources normally billable to customers as the company:

* converted the service, delivery and billing systems acquired in
various acquisitions to the company's state-of-the-art platform,
ECLIPSE (Enterprise Customer Loyalty Integration Platform for
Service Excellence); and
* continued the rollout of its Cisco-based IP + ATM (Asynchronous
Transfer Mode) multi-service switching platform.

Evans said the company continues to anticipate revenue growth in 2000 within the framework of current expectations but expects that its investments into eBusiness Solutions and Enterprise Network Services will delay its break-even EBITDA until the latter part of 2001.

The company will announce its fourth quarter and year-end 1999 results during the second week of March. Conference call information regarding the fourth quarter results will be made available on the company's Web site in early February.

About Convergent Communications(TM)

Convergent Communications Services, Inc., a wholly owned subsidiary of Convergent Communications, Inc. (Nasdaq: CONV - news), is a provider of broadband IP-based business communications solutions in 35 markets nationwide. Convergent provides a full range of e-business and Internet infrastructure services to small and medium sized enterprises.

For more information on Convergent Communications, visit the company's Web site at converg.com.

This news release is based on preliminary financial results, which are subject to further review and adjustment, and contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially.

(1) EBITDA consists of earnings before interest (net), taxes, depreciation, amortization and other income (expense).
SOURCE: Convergent Communications Services, Inc.

--------------------------------------------------------------------------------
More Quotes and News: Convergent Communications Inc (NasdaqNM:CONV - news)
Related News Categories: earnings, telecom

--------------------------------------------------------------------------------



To: Anthony@Pacific who wrote (50259)1/20/2000 1:38:00 PM
From: Jane4IceCream  Read Replies (1) | Respond to of 122087
 
Hi Anthony...

IF you have time could you list some or all of the money backers for AVAN.

Still holding IMCL....thanks again.

Appreciate it!

Jane



To: Anthony@Pacific who wrote (50259)1/20/2000 1:46:00 PM
From: Tassi  Respond to of 122087
 
AVAN. Adding more in the upside..



To: Anthony@Pacific who wrote (50259)1/20/2000 1:55:00 PM
From: cool  Read Replies (2) | Respond to of 122087
 
NZRO ?? eom



To: Anthony@Pacific who wrote (50259)1/20/2000 1:59:00 PM
From: Land Shark  Respond to of 122087
 
In AVAN @ 4 5/16, thanks for the tip.



To: Anthony@Pacific who wrote (50259)1/20/2000 2:03:00 PM
From: carl a. mehr  Read Replies (3) | Respond to of 122087
 
EDIG?? Do they have anything except stock shares to sell? eom



To: Anthony@Pacific who wrote (50259)1/21/2000 2:19:00 AM
From: allen menglin chen  Read Replies (1) | Respond to of 122087
 
AVAN. Don't complain that you cannot get Tony's price @ 3 3/4 today. Tony called AVAN a buy @ 3 3/4 Jan 13. You have a full week to load up AVAN 3 3/4 -- 4. I bought last week @ 4. And another order sitting @ 3 1/2 -- never got filled for a full week. Thanks again Tony -- hope AVAN runs like GENE (Tony called GENE a strong buy @ 8-9 less than one month ago).

Here is Tony's AVAN call on Jan 13:
Message 12561640

I have traded PCMS from 12 to 16 (sell on the upgrade news today). Will probably load up again in the 13-14 range. That was your call to Mr. Pink last week. Thanks again.

Is WRLS a short ~25? Another China hype today.