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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Wendisman who wrote (20498)	2/15/2000 10:58:00 AM
From: Kaliico	Read Replies (2) \| Respond to of 57584

ACOM revenue growth yr. to yr. 4x... Agency.com Earnings: Razorfish rival Agency.com (ACOM) saw its shares rise 12.5 percent Monday, up 5 1/2 to 49 1/2 before reporting a Street-beating fourth quarter. Before amortization of intangibles and the vesting of options, Agency.com had a pro forma Net cash loss of $1.8 million, or 6 cents a shares. The Street looked for a loss of 10 cents a share. Toss in the one-time items, and the loss deepens to $6.1 million, or 21 cents a share. Revenues for the quarter were $31.3 million vs. $7.5 million in the year-ago quarter. "We had a terrific quarter," Agency.com chairman and CEO Chan Suh told UpsideToday. This was the company's first report since going public in December, when shares were pushed as high as $98. Growth Sector: Agency.com, which Suh says is pursuing "managed, fast-growth," saw earnings multiply 317 percent from the year-ago quarter. The company has grown to about 1200 employees since 1995. The flourishing Web design and consulting market includes competitors such as Organic (OGNC), Scient (SCNT), Viant (VIAN) and USWeb/CKS (USWB). Even tech biggies such as IBM (IBM) and consulting companies such as Arthur Andersen are getting in the act. Is the space getting a little crowded? "Not compared to the demand," says Suh. "Who's going to do $100 billion worth of work in the next three years?" Suh expects demand for his company's services to grow further as the business world becomes increasingly wired. "Businesses are going to need work done on Internet system all the time," he says. "That's an unbelievably huge market." Salomon Smith Barney and H&Q currently rate Agency.com's shares at a "buy," while Goldman Sachs pegs it at "market outperform."