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

To: bob zagorin who wrote (588)	4/7/2000 7:44:00 AM
From: Kip518	Read Replies (1) \| Respond to of 861

Looks like HLTH is finally pulling out the stops trying to undo some of the damage from the last earnings report. About time! 2 PR follow: April 07, 2000 07:15 Healtheon/WebMD Provides First Quarter Preliminary Outlook ATLANTA, April 7 /PRNewswire/ -- Healtheon/WebMD Corp. (Nasdaq: HLTH) today announced that reported revenue for the first quarter ended March 31, 2000 is expected to exceed $62 million, versus reported revenue of $33 million in the fourth quarter of 1999. The Company also expects to report a loss before non-cash charges, primarily depreciation and amortization, of less than $90 million for the first quarter of 2000. The Company expects to announce full first quarter 2000 financial results late April or early May, pending the completion of the independent appraisals of its recently closed transaction with News Corporation and its acquisition of Kinetra. _________ April 07, 2000 07:30 Jim Clark and John Doerr Announce Intent to Purchase Up to $220 Million of Healtheon/WebMD Stock in Open Market Clark Intends to Invest up to $200 Million; Doerr up to $20 Million MENLO PARK, Calif. and ATLANTA, April 7 /PRNewswire/ -- Two directors of Healtheon/WebMD Corporation (Nasdaq: HLTH), Jim Clark and John Doerr, have asked the Company to grant an exception to its trading window restrictions to permit them to purchase shares of its common stock in the open market. Mr. Clark and Mr. Doerr indicated they wish to take advantage of current depressed stock prices to increase their investment in the Company. Healtheon/WebMD and Mr. Clark and Mr. Doerr announced today in a joint press release that the Company would grant the request. These purchases may be affected by either Mr. Clark or Mr. Doerr or by others with whom they may be associated and may commence at any time after 12 noon eastern time on April 7, 2000. These purchases will be made pursuant to SEC Rule 10b-18 and may be discontinued at any time. Jim Clark said, "I am more confident than ever in Healtheon/WebMD's vision of connecting physicians, payers and consumers via the Internet. The recent flurry of activity in the e-health space makes it clear to me that the healthcare industry is embracing the Internet. In these market conditions, I expect to increase my investment in Healtheon/WebMD by up to $200 million." Mr. Clark has been a member of Healtheon/WebMD's Board of Directors since he co-founded the company in 1995. He co-founded Netscape Corporation in 1994 and founded Silicon Graphics, Inc. in 1981. He and his family currently own approximately 11.7 million shares of Healtheon/WebMD. John Doerr said, "I have great confidence in Healtheon/WebMD's strategy, and in management's ability to execute. I am pleased that the Company has given us this opportunity to increase our investments. I expect to invest up to $20 million in Healtheon/WebMD stock." Mr. Doerr has served as a director of Healtheon/WebMD since July 1997, and has been a general partner at Kleiner Perkins Caufield & Byers, a venture capital firm, since 1980. Kleiner Perkins Caufield & Byers owns approximately 8.1 million shares of Healtheon/WebMD.

To: bob zagorin who wrote (588)	4/7/2000 9:35:00 AM
From: Kip518	Respond to of 861

FULL-BORE PUMPIN'TODAY April 07, 2000 09:28 Healtheon/WebMD Streamlines Acquired Kinetra Business, Announces Progress on Product Integration Cost-Reduction and Integration of Complementary Products Illustrates Successful Execution Company Deploying WebMD Practice to 50,000 Kinetra Physicians Nationwide And Migrating More Than 50 Million Annual Transactions ATLANTA, April 6 /PRNewswire/ -- In the two months after closing the acquisition of Kinetra, a joint venture between EDS (NYSE: EDS) and Eli Lilly Company (NYSE: LLY), Healtheon/WebMD Corporation (Nasdaq: HLTH), the first end-to-end Internet healthcare company connecting physicians and consumers to the entire healthcare industry, has decreased costs and has completed the initial product integration designed to drive transactions across the Healtheon/WebMD platform. "We have moved aggressively to reduce costs at Kinetra. We have consolidated facilities, reduced headcount, and brought outsourced functions, such as field service deployment and help desk support back in-house. At the same time, we are integrating Kinetra's products with our Internet transaction platform so that we can seamlessly migrate Kinetra's extensive hospital and integrated delivery network (IDN) connectivity onto the Healtheon/WebMD platform," said Jeff Arnold, chief executive officer of Healtheon/WebMD. "We are also acting quickly to maximize relationships brought into our organization through the acquisition of Kinetra." Healtheon/WebMD announced its agreement to acquire Kinetra, a leading provider of clinical document distribution solutions and administrative transactions to IDNs, large hospitals and payors, on December 21, 1999 and closed the acquisition on February 2, 2000. Integration to Accelerate Electronic Clinical Transactions on WebMD Practice Healtheon/WebMD has already enrolled over 20,000 of the 50,000 Kinetra physicians on WebMD Practice. As product integration nears completion, Healtheon/WebMD will accelerate the process of migrating the Kinetra-linked physicians to the Internet on WebMD Practice to capture the 50 million transactions they generate each year with over 100 healthcare organizations. Healtheon/WebMD expects to integrate the functionality of the Radiant product into WebMD Practice Clinical Reporting Services by mid Q2 2000. In this same time period, integration of critical Datacon interfacing technology is also expected to be completed. These accomplishments will allow Healtheon/WebMD to interface with various hospital information systems. "We're moving forward to provide critical linkages and connectivity between hospital systems, payors and physicians through WebMD Practice," said Krishna Kolluri, senior vice president and general manager of the Kinetra Business Unit for Healtheon/WebMD. "Our goal is to make the communications and transactions between these key audiences more efficient and functional."