To: The O who wrote (25910 ) 4/26/2001 10:34:07 AM From: Roger Sherman Read Replies (2) | Respond to Today's Seattle Times article re: Earningsseattletimes.nwsource.com TROUBLES STILL FACE EVOLVING INFOSPACE InfoSpace continued to shuffle its numbers, leaving some observers frustrated over how to identify exactly what the company's business model is. "What is InfoSpace?" three different businesses , and each one is, in some sense, a complex business," said Chief Executive Naveen Jain. "We distribute products and services on wireless, merchant, broadband and wireless and each has its own metrics."down 137 percent from a pro forma profit of $14.9 million, or 4 cents a share, a year earlier. Analysts had expected a pro forma loss of 4 cents a share, according to Thomson Financial/First Call."Beating the numbers is good but given that the company drastically lowered guidance, it's not fantastic," said Peter Friedland, analyst for W.R. Hambrecht.The company has burned through about $88 million in cash and short-term investments since Dec. 31 and ended the quarter with $282.1 million in cash and short-term investments.wireline brought in 60 percent of total sales , while wireless and merchant each kicked in 20 percent. Wireless grew 16 percent from the fourth quarter and merchant grew 10 percent. Broadband has yet to generate meaningful sales.Despite the growth, analysts are frustrated over the changes. maneuverings don't inspire confidence among analysts. They've changed their model dramatically ," said Friedland. "They continue to shuffle around the different metrics that are supposed to measure performance."
