Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: If only I'd held who wrote (65637)	1/21/2000 2:05:00 PM
From: Teri Garner	Respond to of 108040

SAPE sizzling, could do an ITWO....

To: If only I'd held who wrote (65637)	1/22/2000 9:54:00 AM
From: innervision7	Read Replies (2) \| Respond to of 108040

UTCC...is this what you were expecting? (P.S. First post;Out from the shadows where I've long lingered) SUNRISE, Fla., Jan 21, 2000 (BUSINESS WIRE) -- Ursus Telecom Corporation (Nasdaq:UTCC) said today that it expects operating results for third fiscal quarter of 2000 to be lower than analysts' estimates. The Company expects to report revenues in the range of $7.2 to $7.3 million for the quarter, which ended December 31, 1999, compared to $11.0 million for the prior year period ending December 31, 1998. The Company expects a loss per share for the quarter to be in the range of 20 to 22 cents compared to 0 cents for the prior year period ending December 31,1998. Total billable minutes of traffic increased 8.3% for the quarter ended December 31, 1999 compared to the prior year period ended December 31, 1998. "The conversion of our legacy business to Packet Telephony has resulted in a reduction in our revenues. As part of this conversion, we have reduced our retail prices by 39% since the third quarter ended December 31, 1998 in order to be competitive in this arena of next generation Enhanced Telecom services," stated Luca Giussani, CEO of Ursus. "While we were aware that `cannibalizing' our legacy business could result in an initial reduction of revenues, we believe that this was a necessary step to restructure our business in a more modern sustainable form, and posture the Company for increased growth in the IP telephony and e-commerce markets." The Company indicated that revenues have been further reduced as it has shifted its focus from some portions of its traditional legacy business which it believes presented political, regulatory, and economic risks associated with providing International Call-Back services to certain countries such as Lebanon, Russia, and Ecuador. The Company believes that it has experienced most of the revenue reductions associated with the conversion of existing markets and anticipates that its growing number of minutes and new opportunities will result in a growth of revenue in the near future. Operating results were further impacted by expenses allocated to the ongoing development and rollout of the Company's internet initiative, theStream.com.