To: Benny Baga who wrote (13260 ) 1/25/2000 6:38:00 PM From: Rob C. Read Replies (1) | Respond to of 20297
Benny, This looks fine to me and quite well put I might add... Sinisgalli expressed comfort with the Company's ability to achieve its revenue and earnings-per-share targets for the year, and said the Company is reconsidering its target of approaching five million subscribers by June 30. "Given that we are halfway through our fiscal 2000, achieving a subscriber count approaching five million by June 30 will be more difficult than we had expected six months ago. However, given the difficulty of accurately predicting the exact timing of partner marketing campaigns, we are not yet ready to concede our ability to reach this target by June 30," Sinisgalli said. Sinisgalli said the Company's targets had been based, in part, on expectations for when certain Internet service providers would launch electronic billing and payment services. "Those Internet services did not launch in the timeframe built into our planning assumptions, but they will launch," Sinisgalli said. "And, while we can't share specifics, we now expect to launch through this calendar year at more Internet sites -- both bank-based and portal-based -- than we had originally planned six months ago," he added. Yahoo! E-Bill Live, AT&T Bill Now Available, Marketing Programs Expected Kight said that the Company expects its partners to launch marketing promotions to heighten consumer awareness, interest and enrollment during the calendar year. He noted that Yahoo! has begun to market its mid-December launch of Yahoo!(R) E-Bills, following the earlier launch of Yahoo! Bill Pay. Promotions include targeted banner advertising campaigns throughout the Yahoo! network of properties, including a link from the front page of Yahoo!