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Technology Stocks : Healtheon Corporation (HLTH) -- Ignore unavailable to you. Want to Upgrade?

To: kumar who wrote (515)	3/21/2000 8:06:00 AM
From: Kip518	Read Replies (1) \| Respond to of 861

38 steps down but still on the list -- make much of a difference? March 21, 2000 07:44 Pegasus Research Clarifies Healtheon's Burn Rate NEW YORK, March 21 /PRNewswire/ -- Pegasus Research International, LLC -- is clarifying Healtheon's (Nasdaq: HLTH) burn rate as mentioned in a recent study on Internet company burn rates. The data used in calculating Healtheon's burn rate was for the financial year ended December 31, 1999. However, only the fourth quarter data should be used in comparing Healtheon's results with the other companies in the study. Under this basis, Healtheon's burn rate in months, given Q4 revenues of $33.24 million, an operating loss of $236.67 million and depreciation and amortization of $177.85 million, would be 14.9 months. This would place Healtheon at number 68 rather than 30 on the list of 207 Internet companies as indicated in the study. Although data regarding follow-on offerings, both scheduled and completed, were excluded from the rankings in order to provide a statistical comparison among the universe of Internet companies surveyed, Healtheon has received a $930 million investment from Janus Capital Corporation and an additional $100 million from News Corp. in the first quarter 2000.