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To: Jim Willie CB who wrote (71308)4/27/2000 6:44:00 PM
From: LBstocks  Read Replies (1) | Respond to of 152472
 
Re Lid at 105. Isn't that the old support level? It dropped to 105 after the "slump" comment and held there several times over the last few weeks. Old support becomes the new resistance...



To: Jim Willie CB who wrote (71308)4/27/2000 6:45:00 PM
From: LBstocks  Read Replies (1) | Respond to of 152472
 
Narrower-than-expected loss for NetZero
Sales surge over 2,000 percent

By Cecily Fraser, CBS MarketWatch
Last Update: 5:24 PM ET Apr 27, 2000 NewsWatch

WESTLAKE VILLAGE, Calif. (CBS.MW) -- Free Internet access provider NetZero reported better-than-expected third-quarter results Thursday, benefiting from a meteoric rise in sales and growth in its user base.




"March was another tremendous quarter for NetZero," said Mark Goldston, chief executive officer. "We passed the 4 million registered-user mark and, importantly, we continued to demonstrate our unique ability to turn user traffic into multiple revenue streams and deliver improved financial results."

Revenue totaled $16.9 million, skyrocketing 2,059 percent from $781,000 last year. The company said it added more than 1 million registered users during the third quarter, bringing its total registered-user base to more than 4 million.

The third-quarter loss totaled $24.9 million, or 27 cents a share. Excluding stock-based compensation charges and amortization, the company said it lost 24 cents a share. A survey of analysts compiled by First Call, predicted a deficit of 30 cents a share.

Last year, the company posted a loss of $4.9 million, or 50 cents.

Shares of Netzero (NZRO: news, msgs) could get a lift in morning trading due to the company's better-than-expected financial results.

The stock closed down 3/4 to 12 1/16 ahead of the news, which was released after the market closed. At current levels, the stock is up 45 percent for the week, enjoying gains after telecom equipment maker Qualcomm (QCOM: news, msgs) announced Monday that purchased a 10 percent stake in the Internet service provider for $144 million. See full story.

Cecily Fraser is an online reporter for CBS MarketWatch.
cbs.marketwatch.com



To: Jim Willie CB who wrote (71308)4/27/2000 7:08:00 PM
From: marginmike  Read Replies (1) | Respond to of 152472
 
Jim as a believer in TA, you remeber the 105 support we had since late Jan. We came down hard 3-4 times and the 105-110 area buoyed us. I think that the 105 number is reacting in the opposite way. I think many people who are scared are waiting to get out and the see 100 or so and say I am gone. I think we are going to be stuck between 96-103 range without news or super rally. I think ASIA is booming and the fundimentals have never been better, I think CHINA will be acreative by the Fall and HDR is coming sooner then everyone thinks. We are not going up like a rocket but were not falling much from here either. Its time to scrape the bottom and rebuild!