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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: vagabond who wrote (46323)	1/29/2001 7:02:53 PM
From: vagabond	Respond to of 57584

INSP update/"caution": Note that in conference call after the earnings-release, the company forecast a loss and flat revenues for 2001 based on expectations of general "softness" in the economy -- a forecast that caused A-H prices to drop after a sharp rise. So initial "good feelings" were tempered by these later comments... ================= Monday January 29, 5:55 pm Eastern Time InfoSpace sees 2001 loss, flat revenues SEATTLE, Jan 29 (Reuters) - InfoSpace Inc. (NasdaqNM:INSP - news), which syndicates content to Web sites and wireless services, said on Monday that it expected to post a pro forma net loss of 14 cents for 2001. InfoSpace's revenues for the year would be flat from 2000 revenues of $215 million, Chief Financial Officer Tammy Halstead said on a conference call following the company's fourth quarter earnings report. While revenues from wireless services were expected to double in the year, revenues from the consumer business would fall amid the slowdown in the U.S. economy, Halstead said. The Bellevue, Wash.-based company would report a first quarter loss of 5 cents per share on revenues of $45 million, Halstead said. Chief Executive Naveen Jain said the company planned to make few or no acquisitions this year and that management would make an announcement in about 30 days highlighting measures it will take to boost performance.