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Technology Stocks : LBRT - Liberate -- Ignore unavailable to you. Want to Upgrade?

To: allen menglin chen who wrote (240)	6/30/2000 7:48:05 AM
From: Tom Hua	Read Replies (1) \| Respond to of 409

June 29, 2000 Dow Jones Newswires Liberate Tops 4Q Views, Sees AOL Rev Starting In 2Q By MARK BOSLET PALO ALTO, Calif., -- Liberate Technologies Inc. (LBRT) topped growth expectations for its fourth quarter as customers started distributing set-top television boxes with its software inside. The San Carlos, Calif., company's shares rose 1 1/8 to 24 15/16 in post-market trading after Liberate said revenue for the May-ended quarter rose 78% to $9.1 million from $5.1 million a year earlier. Analysts had expected revenue of $8.4 million to $8.5 million. Liberate's quarterly results included a loss of $37 million, up from $11.1 million last year. Pro-forma losses excluding expenses such as amortization and merger termination costs were 13 cents a share, compared with 16 cents a year earlier and Wall Street expectations of a 20-cent loss. Mitchell Kertzman, chief executive, said customers including Telewest Communications PLC (TWSTY) of the U.K. and Insight Communications Co. (ICCI) began deploying set-top boxes in the quarter. Liberate also said its deferred revenue account rose $21.3 million from the third quarter to $69.1 million. In addition, the company reported cash, and short- and long-term investments of $426.6 million, or enough to fund up to six years of operations, Kertzman said. Liberate expects to begin receiving "some" revenue in the second quarter from America Online Inc.'s (AOL) deployment of AOLTV, followed by more such revenue in the third quarter, Kertzman said. AOL is using Liberate software and plans to roll out the interactive television service this summer. -By Mark Boslet; Dow Jones Newswires; 650 496-1366