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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (911)	4/26/2000 4:16:00 PM
From: Original Mad Dog	Respond to of 2850

CLRS gave much of it back before the bell -- earnings come out this afternoon, and it will find its direction shortly I suspect.

To: John Pitera who wrote (911)	4/26/2000 4:42:00 PM
From: Original Mad Dog	Read Replies (1) \| Respond to of 2850

John, here are CLRS earnings: Wednesday April 26, 4:24 pm Eastern Time Company Press Release Clarus Corporation Announces Record First Quarter Results --First Quarter Revenues Increase 316% Over Prior Year Results; Operating Loss Beats Analysts' Expectations by $.22-- ATLANTA--(BUSINESS WIRE)--April 26, 2000-- Clarus Corporation (Nasdaq: CLRS - news), a leading provider of business-to-business (B2B) e-commerce solutions, announced record results for the quarter ended March 31, 2000. Clarus reported record revenues of $7.0 million for the first quarter, a 316% improvement over pro forma e-commerce results from the first quarter of 1999. Revenues from software license fees for the quarter ended March 31, 2000 were $5.8 million, or 83% of total revenues, up 269 percent as compared to the first quarter of 1999. Revenues from services for the current quarter were $1.2 million, or 17% of total revenues, a 943% increase over first quarter results from the prior year. Net loss from operations, excluding the amortization of stock-based compensation, was $6.7 million, or a loss of $.54 cents per share, better than analyst expectations of an operating loss of $.76 per share, as reported by First Call. After the inclusion of non-cash stock-based compensation, the net loss for the first quarter of 2000 was $11.4 million, or $.93 per share. ``We are extremely excited about Clarus' strong execution against our business plan during the first quarter, as well as about our Q1 operating results which significantly beat analyst expectations. Clarus further differentiated itself through its unique business model and gained market share in our target markets,'' said Steve Jeffery, president and CEO of Clarus. ``The growing demand in the B2B e-commerce market has allowed us to significantly expand our revenue streams through a recurring revenue model, as evidenced by the 63% increase in our sales backlog since the end of fourth quarter 1999.'' ``Clarus' immensely successful follow-on offering completed in March provided us the capital necessary for continued aggressive investment in our B2B e-commerce solutions and trading services, as well as marketing and international operations.'' Other First Quarter Highlights Clarus' significant first quarter achievements included the following: increasing the number of customers by 30% with the addition of ten new customers, including Burlington Northern Santa Fe Corporation, Cinergy Corp., Gjensidige NOR, Marex.com, Smurfit-Stone Container Corporation, Tibbett & Britton and Wachovia Corporation. accelerating its international presence with the opening of an office in the U.K., targeting the European, Middle Eastern and African markets. In addition, Clarus signed agreements with strategic resellers in South America, Asia, Australia and Scandinavia. The first international customer, Gjensidige NOR, was signed and is processing transactions using the Clarus eProcurement solution and network services during the first quarter. expanding its leveraged sales channel through a strategic relationship with Epicor Software Corporation, the largest provider of business performance software exclusively for mid-market companies. Epicor will integrate and sell the Clarus eProcurement solution to its customer base of over 10,000, as well as to new customer opportunities. Epicor has already closed its first sale under this arrangement. announcing the launch of Clarus(TM) eMarket, a comprehensive set of software and services allowing market makers to create digital marketplaces delivering procurement services to online trading communities. Clarus and Microsoft Corp. have announced they will be working together to develop and promote Clarus eMarket, one of the first digital marketplace frameworks built exclusively for the Microsoft© Windows© 2000 and Commerce Server 2000 operating systems. Clarus' first eMarket customers include Comcast Corporation and Wachovia Corporation. introducing ClarusContent Services, a comprehensive subscription-based content and contract management service to support Clarus eProcurement and eMarket. This new network service has been extremely well received by customers. successfully completing a follow-on offering of 2.4 million shares, resulting in an equity infusion of $243 million. Clarus launched its eC Leadership Conference, an annual event that will be held this year in Orlando, Florida on June 7 - 10. This executive forum promises to be one of the most influential e-commerce events of the year. Along with co-sponsors Microsoft Corp. and Perot Systems Corporation, Clarus has organized industry leaders and executives from around the world to participate in this one-of-a-kind exchange of information about B2B e-commerce innovations and trends. Information and registration for this event can be found on the company website at www.claruscorp.com.