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To: Mark Fowler who wrote (106465)7/26/2000 12:20:30 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
And Sector is out of favor, look at Bvsn almost
identical.


Mark,

Thank you. Excellent point. Is there a sector you feel really is in favor? I do not know enough about Reits to know what I do not know<G> I will call on that tomorrow and see what I can find out.



To: Mark Fowler who wrote (106465)7/26/2000 10:01:47 AM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>And Sector is out of favor, look at Bvsn almost identical.
Mark, I disagree. Artg is eating Bvsn's lunch. Trust me.
>BOSTON, July 25 (Reuters) - Art Technology Group Inc. <ARTG.O> said on Tuesday it turned a profit two quarters ahead of schedule, triggering a run-up on the Internet software company's stock in after-market trading.

Art Technology, which provides Web content management software, said it earned $2.9 million, or 4 cents a share, in the second quarter, compared with a loss of $1.6 million, or 8 cents a share, during the year-ago quarter. The company said its revenue increased 426 percent to $32.6 million, up from $6.2 million in the year-ago period.

The Cambridge, Mass.-based company's profit of 4 cents per share beat analysts' consensus expectations for a loss of 3 cents per share, according to First Call/Thomson Financial.

Following the report, Art Technology shares jumped 11 percent in after-hours trading to 115 from its closing price of 103-17/64 on the Nasdaq stock market. In regular session trading, the stock lost 1-47/64 from Monday's closing price of 105.

"We are very pleased to have reached profitability sooner than anticipated as demand for our products and services continues to be extremely strong," Jeet Singh, Art Technology co-founder and chief executive officer, said in a statement.

Singh said his company added 100 new direct customers during the second quarter across a wide variety of industries.

Art Technologies landed such companies as American Airlines, Target <TGT.N> Texas Instruments Inc. <TXN.N>, for example, to help manager their online customer relationships, Singh said.

Shares of Art Technology gained momentum earlier this month after AMR Corp <AMR.N>, the parent company of American Airlines, picked the Cambridge firm over rival BroadVision Inc <BSVN.O> as technology provider for the company's Web site.

21:29 07-25-00