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Technology Stocks : WorldGate Communications, Inc. (WGAT) -- Ignore unavailable to you. Want to Upgrade?


To: Benny Baga who wrote (512)2/15/2001 4:54:55 PM
From: Benny Baga  Read Replies (1) | Respond to of 589
 
Highlights from the report....

....Quarterly operating cash usage of $7.4 million for the fourth quarter represented a significant improvement from third quarter cash usage of $19.2 million, and exceeded previously announced company guidance of $10-$11 million.

....Subscriber base is expected to be between 400,000 - 500,000 for all WorldGate interactive TV services by the end of the year, representing an approximate 300% increase over the December 2000 subscriber base

....TVGateway, WorldGate's interactive TV venture with partners Adelphia, Charter, Comcast and Cox, is currently deployed and operational in 21 cable systems, and over 400 TVGateway headends have been shipped to date. In addition, interest in the TVGateway service continues to grow, with several non-consortium cable operators expected to deploy its services during 2001

Great Report, IMHO.

Benny