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Microcap & Penny Stocks : AppNet Systems, Inc. (APNT) -- Ignore unavailable to you. Want to Upgrade?

To: Panita who wrote (184)	2/10/2000 9:08:00 PM
From: Pareto	Respond to of 232

4Q 1999 Earnings published, shares up 36% to 70. For the record: "For the three months ended December 31, 1999, revenues were $34.9 million, 60% higher than pro forma revenue of $21.8 million for the fourth quarter of 1998. For the full year, on a pro forma basis, 1999 revenue grew 62% to $112.3 million from $69.2 million in 1998. Earnings before interest, taxes, depreciation, amortization and stock based and acquisition related compensation (adjusted EBITDA) were $2.0 million, or 5.6% of revenue this quarter, and $5.5 million for 1999, on a pro forma basis. Cash EPS was 5 cents in the quarter compared to a pro forma loss of 7 cents in the fourth quarter of 1998. For the full year, on a pro forma basis, cash EPS was 7 cents in 1999, compared to a loss of 9 cents in 1998. These results beat the consensus of analysts' expectations. -- Strong hiring trends exceeded internal targets, resulting in 85 net new billable employees during the quarter to reach 800 billable employees. -- AppNet named three new General Managers to strengthen its regional business-to-business (B2B) delivery capabilities. These three individuals were formerly the president of the e-Business unit of EDS, the Managing Principal for Unisys' Financial Services Consulting Practice, and a former AppNet Division President. -- AppNet also completed a successful $230 million follow-on offering of common stock, strengthening the balance sheet with net proceeds of approximately $70 million to the company." Company debt reduced from 45M to 5M, Cash: 66M Institutional holdings went up to 10% in latest quarter: insidertrader.com APNT seems to be at the right time in the right market with the right product: a library of re-usable java-objects which can be used to develop all types of integral e-commerce solutions. Their product and service will have lots of problems. But they have already the scale and the customers to fix those problems and focus on quality. The EDS background is beneficial to this. Heard about the company in January when they got the deal with UCCnet. This has tremendous potential. Bought some shares and did not expect it to go up this fast. Will be in for Long, only "if" is execution by management, but that seems to be OK. As all the nets it will go down and up. I'm not a casino trader and just buy and hold. Regards, Pareto