Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (31160)	4/13/2000 3:50:00 AM
From: IQBAL LATIF	Respond to of 50167

<<After the closing bell, Internet procurement specialist Ariba (ARBA: news, msgs) reported a revenue boost of 322 percent for its second quarter, and a slimmer-than-expected net loss. The company reported total revenue of $40 million, compared to $9.5 million in second quarter last year. Software sales jumped more than three-fold, from $5.7 million to $26.2 million. Maintenance and services revenues spiked to $13.9 million, compared to $3.8 million in the year-ago period. The net loss for the quarter, excluding non-operating charges, was $11.5 million, or 6 cents a diluted share, compared with $2.8 million, or 7 cents in the year-ago quarter. That beat analysts estimates by 2 cents, according to First Call. Shares fell 9 9/16 to 72 in Wednesday's Nasdaq trading, but rallied to 74 5/8 after hours. The stock remains halved from its peak in March. "I've given up a long time ago trying trying to second-guess Wall Street," Keith Krach, Ariba's chief executive said in a CBS.MarketWatch.com interview. "All I can say is that we?re focused on building a great company, and our fundamentals have never been better."

To: IQBAL LATIF who wrote (31160)	4/13/2000 3:54:00 AM
From: IQBAL LATIF	Respond to of 50167

<<Rumors have been circulating that Intel [INTC] cannot meet demand for its chips. Today?s announcement of higher capital spending points towards truth in this rumor, as Intel would only increase expenditure to increase production>> TAN buys back 300 milion $ worth of stock with leaders in electrial traders like BBY enjoying the urn and the smaller still in the sector waitng this is one good possibility..

To: IQBAL LATIF who wrote (31160)	4/13/2000 3:59:00 AM
From: IQBAL LATIF	Read Replies (1) \| Respond to of 50167

<<The fiscal first quarter results from E-Trade (EGRP: news, msgs) were a surprise, with the consensus from analysts for a 16 cent per share loss from operations from the online brokerage, according to First Call. E-Trade said net profit from operations were $1.3 million, which works out to zero cents a share, in its second quarter vs. a loss of $13.3 million or 5 cents a share in the year-ago period. The total net loss was $23.2 million, or 8 cents a share in the quarter, the brokerage said in a statement, the loss includes charges like an about $10 million unrealized loss from its venture fund, E-Trade eCommerce Fund and merger expenses related to Telebanc. The figure compares to net gain of $8.5 million or 3 cents a share a year ago. "On December 1998, we declared a moratorium on profits to build brand, we've been able to accelerate that in just 18 months," said Christos Cotsakos, chair and chief executive, on a conference call. The March quarter has been "strong for the entire industry and just tremendous for E-Trade," he said. "We aggressively capitalized on this robust quarter and it has paid off in spades." The brokerage spent $177 million on sales and marketing, up from $130 million in the first quarter, to acquire new accounts. Many of its rivals, on- and offline, poured on the advertising jets in the quarter as well. Cotsakos said he felt E-Trade was landing accounts from its rivals ads. E-Trade's (EGRP: news, msgs) shares ended lower, down 11/16 to 22 3/4, along with its online rivals Charles Schwab (SCH: news, msgs), TD Waterhouse (TWE: news, msgs) and Ameritrade (AMTD: news, msgs) as the Nasdaq racked up its third straight day of losses. Account growth E-Trade said net new active accounts totaled 603,000 in the second quarter; analyst Russell Keene at Keefe, Bruyette and Woods, for one, had been looking for 325,000 new accounts. The strong account growth helped drop marketing expenses per account for the three-month period to $256. Looking ahead, executives said they expect to spend to come down to between $100 million to $110 million on marketing in the fiscal third and fourth quarter, with E-Trade banking services and international offerings garnering more of the ad pie. Given the record trading volumes, most analysts have been repeatedly bracing clients for exceptional March results from the e-brokerages. The question now -- and it's likely too soon in the reporting season to make the call -- is which of the brokers are gaining market share. E-Trade's "been closing the gap on TD Waterhouse (TWE: news, msgs) for some time. This quarter, given the strong results they've posted, they could do it, with Waterhouse in the midst of their own fiscal quarter," Keene said. Len Purkis, chief financial officer, said on the call that based on their own analysis, the "transactions numbers are bringing us very close to the number one market share spot." E-Trade said average daily trades rose 73 percent from the first quarter to 229,000. The figure is far higher than most expectations, and bodes well for the rest of the group, analysts said. E-Trade said net revenue rose 152 percent over last year to $407 million, which is also 52 percent higher than the $268 million in the fiscal first quarter. Charles Schwab -- the largest in the space -- alerted investors some two weeks ago that it expects March profits to top the highest estimate from the analysts on record trading volume.