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Technology Stocks : Digital Island,Inc - (Nasdaq- ISLD) -- Ignore unavailable to you. Want to Upgrade?

To: Phil(bullrider) who wrote (1619)	4/19/2000 12:52:00 AM
From: Jon Khymn	Respond to of 1884

If you eliminate one wakko who predicted at -.70, the average is about -1.53.( ranging from -1.49 to -1.58) First call estimate was -1.51 So, ISLD beat the street but not much. ----------------------- Digital Island beats Street's view By Brenon Daly, CBS MarketWatch Last Update: 10:43 AM ET Apr 18, 2000 Pulse Report SAN FRANCISCO (CBS.MW) -- Shares of Digital Island rose Tuesday after the network services company reported a narrower-than-expected loss as sales increased fivefold. The company (ISLD: news, msgs) said it lost $92.7 million, or $1.49 per share, including one-time charges. Analysts polled by First Call expected Digital Island to lose $1.51 per share in its second quarter. The charges relate to Digital Island's acquisition of Sandpiper Networks and Live On Line. In the same quarter last year, Digital Island lost $8.9 million, or $3.77 per share. "There was a very positive feeling (on the conference call) that they have good momentum coming out of the quarter," said E-Offering analyst Christine Nairne. She rates the stock a "buy." Sales soared to $11.3 million from $2.4 million. That was slightly ahead of expectations on Wall Street, which ranged from $10.1 million to $10.5 million. The stock tacked on 3 3/8 to 31 7/16. That's down from a 52-week high of 156 15/16. "It's amazing," Nairne said of the stock's decline. "People who didn't know anything about the company just bought it on momentum and then sold it on momentum." She pointed out the stock appears particularly undervalued when investors consider that Digital Island had about $250 million in cash and $470 million in investments on its balance sheet at the end of last quarter. That works out to more than $11.50 per share. cbs.marketwatch.com