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


To: Marco Polo who wrote (537)10/19/2000 5:05:17 PM
From: greggcap  Respond to of 612
 
Hurricane? This was a friggen cold fusion meltdown.

There were however a few bright spots in the recent earnings report. Deferred revenues continue to increase quarter to quarter and the Allaire business internet platform now is supported by 500,000 geeks, up from 450,000.

During the quarter, Allaire closed business worldwide from new and existing customers, including:

Alcoa, American Power Conversion, Aspect Communications, Association of American Medical Colleges, AT&T Global Network Services, AT&T Wireless, Bank of America, Bank One, Baylor College of Medicine, Binney & Smith Inc, Boeing, Booz, Allen & Hamilton, The Boston Consulting Group, Capital One, Carlson Companies, Inc., Carolina Power & Light Company, Caterpillar, Inc., Centura Banks, Inc., Chase Bank of Texas, Children's Hospital, City of Austin, City of LA, Computer Associates International, Inc., Cummins Engine Company, Inc., Dai Nippon Printing, Deloitte & Touche Consulting Group, Eastman Kodak, The Economist, EMC Corporation, Emory University, Federal Express, Federal Reserve Bank of Chicago, Fifty-Plus.net, First Call Corporation, First Union, Ford Motor Company, GE Medical Systems, General Motors, George Washington University, GTE Data Services, GTE Internetworking, GTE Wireless, Harrah's Entertainment, Inc., Hartford Life Insurance, Henkel KgaA, Hewlett Packard Company, Hofstra University, The Home Depot, Hyperion, IBM, ICG, Ignite Sports Media, Indiana University, J.C. Penney, John Hopkins University, LeaseLoan.com Inc., Lockheed Martin, Mattel Toys, MCI WorldCom, Merrill Lynch, MetLife, MITRE, Mitsubishi Electronic Corporation, NASA/GSFC, Naval Air Warfare Center, Naval War College, Naviant Marketing Solutions, Inc., NetRadio.com, New Mirror International, Nortel Networks Corporation, University of Oxford, Paine Webber, Inc., PeopleSoft, Inc. Prudential, Racing Victoria, Random House, Inc., Raytheon, Salomon Smith Barney, Schlumberger, See's Candies, Showtime Newtorks, Siemens, Societe Generale, SmartMoney Interactive, SoftBank, Sony Pictures Digital Entertainment, Southwestern Bell Wireless National Services, Sun Life Financial Services of Canada, T. Rowe Price Investment Services, Inc., Umbro, Union Pacific Railroad, United Parcel Service, UUNET Technologies, Inc., Vacation.com, Verizon Communications, Inc., Western Provident Association, Williams-Sonoma, Inc., and Xerox.


So I guess it always is darkest before the dawn.

gregg



To: Marco Polo who wrote (537)10/19/2000 5:24:24 PM
From: Marco Polo  Respond to of 612
 
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To: Marco Polo who wrote (537)10/19/2000 5:25:06 PM
From: Marco Polo  Respond to of 612
 
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To: Marco Polo who wrote (537)10/19/2000 5:25:43 PM
From: Marco Polo  Respond to of 612
 
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To: Marco Polo who wrote (537)10/19/2000 5:26:24 PM
From: Marco Polo  Read Replies (1) | Respond to of 612
 
RESEARCH ALERT-Allaire cut to neutral

NEW YORK (Reuters) - Bear Stearns analyst Robert Fagin cut his rating on Internet software and services company Allaire Corp. (NasdaqNM: ALLR) to neutral from attractive on Thursday.

The company, on Wednesday after markets closed, posted third-quarter earnings and revenues that fell short of Wall Street forecasts, according to research firm First Call/Thomson Financial.

In a report, Fagin sharply cut his outlook for fourth-quarter earnings per share to a loss of 26 cents from a profit of 10 cents. He also cut his revenue estimate to $29.6 million from $42.6 million.

Fagin trimmed his outlook for fiscal 2001 earnings to a loss of 51 cents a share from a profit of 53 cents. The revenue outlook was reduced to $144.3 million from $215.3 million.

``Although we became very cautious on ALLR in mid-(third quarter 2000) ... we were shaken by the severity and magnitude of the impact structural problems -- weak channel sales, competition, a shifting customer base, and transitioning architectures -- had on revenues and earnings in (the third quarter) and will continue to have for the foreseeable future,'' Fagin wrote in a research note.

Shares of Allaire were off 1/4 at $6-1/2 in an otherwise breathtaking rebound session for tech stocks.

Sorry about the mess below... somehow this got posted 4 times.