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Non-Tech : EARNINGS REPORTING - surprises, misses & more -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (99)	5/30/2000 11:41:00 PM
From: Jack Hartmann	Respond to of 762

5/30 FNSR record blowout Pro forma net income for the fourth quarter was a record $3.4 million, or $.02 per diluted share, an increase of 307% from $839,000, or $.01 per diluted share, for the prior year period and compares to $2.1 million, or $.01 per diluted share in the previous quarter. biz.yahoo.com Jack

To: 2MAR$ who wrote (99)	6/14/2000 1:55:00 AM
From: 2MAR$	Respond to of 762

CMGI Q3 loss lower than forecast, stock jumps By Christopher Noble BOSTON, June 13 (Reuters) - CMGI Inc.<CMGI.O>, one of the Internet's main venture fund firms, on Tuesday posted a smaller-than-expected third-quarter loss as revenues from investment gains soared in spite of a stock market downturn. The company reported a net loss of $428 million or $1.53 per share for the fiscal quarter ended April 30. In the year-ago quarter CMGI reported a loss of $27.8 million or 15 cents per share, but the company said a number of events unique to each quarter made the periods difficult to compare. Revenues rose to $225.9 million from $43.7 million in the third quarter of 1999. Sales were supported by a 1,623 percent jump in Internet business revenues from the 22 firms in which the Andover, Mass.-based company holds majority stakes. Analysts surveyed by First Call/Thompson Financial had predicted on average that CMGI would lose $1.83 per share. The company's stock shot up three points to 59-1/2 in after-hours trading after ending the regular trading session at 56-5/8 as investors reacted to the positive earnings surprise. CMGI investor relations chief Cathy Taylor said the main reason comparing quarters was difficult had to do with the number of acquisitions completed. CMGI's web of Internet and technology investments stretches across all aspects of Web-related industries, and includes firms such as investor bulletin board RagingBull, search directory AltaVista and ClickHear, a provider of professional Internet video delivery services. It boasts stakes in more than 70 companies. The big jump in sales was a surprise because tumultuous volatility in financial markets, an evaporating market for initial public offerings and sharp falls in technology stocks were expected to hurt CMGI. CMGI, once seen as one of the Internet's savviest investors, has been hard hit during the stock market rout. Its closing price on Tuesday was nearly 60 percent below a year high of 163-1/2. Chief Executive David Wetherell pointed to the quarter's good growth despite poor market conditions as proof the company could last out the downturn in IPOs and Internet investment. "We believe that the size, strength and diversity of our business units puts us in a position to weather the market conditions," he told investors in a conference call. CMGI completed eight acquisitions in the quarter and Wetherell said it would keep adding to its portfolio. "We are not dependent on a strong IPO market to achieve our operating goals," Wetherell said. "The softness we have seen in the market provides its own opportunities." He also said fears of a brain drain at the company were overblown, noting that its offer of stock in subsidiary companies and CMGI itself was keeping people happy. "We continue to have no problem attracting top talent," he said. Wetherell said the company planned to await better market conditions to take majority owned AltaVista public. He said the search engine should be profitable by the end of the second quarter of fiscal 2001. "We are looking to the fall when we think it will be a better time to take AltaVista public," he said. The quarter's results include pre-tax gains of $209.3 million from the sale of Yahoo Inc. <YHOO.O> stock and $4.2 million from the sale of Amazon.com Inc. <AMZN.O> stock. Excluding the effects of special charges, amortization of intangible assets and stock-based compensation, CMGI's third-quarter net income was $36.6 million or 13 cents per share. (additional reporting by Monica Summers in New York) 19:25 06-13-00