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To: Glenn D. Rudolph who wrote (124980)	5/13/2001 8:17:03 PM
From: H James Morris	Respond to of 164684

It was worth reading. I bought Acom at 80 and sold it at 50. Today you can buy it for $2.00. >NEW YORK, May 3 (Reuters) - Razorfish Inc. (NASDAQ:RAZF) on Thursday posted a slightly narrower-than-expected first quarter loss as the once high-flying Internet consulting and design firm announced its chief executive and founder, Jeff Dachis, was stepping down. The New York-based company, one of the main beneficiaries in the sector at the height of the Internet boom, had a pro forma net loss of $6.6 million, or 7 cents a share, in the first quarter, compared to net income of $6.5 million, or 7 cents a share, in the same quarter a year ago. Analysts, on average, had expected Razorfish to post a loss per share of 8 cents in the March quarter, including goodwill, with estimates ranging from a loss of 7 cents to a loss of 11 cents. During a conference call with analysts, the company's Chief Financial Officer, John Roberts, anticipated that Razorfish second quarter pro forma net losses could be between break-even and 3 cents a share and revenues in the range of $32 million and $37 million. Analysts, on average, expect Razorfish to post a loss of 6 cents a share for the June quarter, with estimates ranging from a loss of 3 cents to 10 cents, according to a survey by research firm Thomson Financial/First Call. "That's all the guidance we are going to give for the rest of 2001. We are not going to give any further guidance for Q3 and Q4 right now given some of the uncertainty which is existing in the market," Roberts said. Razorfish, which recently cut jobs and closed several of its offices in an effort to trim costs and keep the business running, posted revenues of $42.7 million in the first quarter, down from $64.1 million a year earlier. Jean-Philippe Maheu, former chief operating officer, will replace Dachis. Another founder of Razorfish, Craig Kanarick, also said he was resigning his position as chief strategic officer. Both Dachis and Kanarick will remain co-chairmen of the board of directors of Razorfish. "Our primary goal is to manage our return to profitable operations and positive cash flow while successfully serving the expectations of our clients, shareholders and employees," Maheu said in a release. "These financial results reflect this direction. We continue to gain traction with new and current clients, including Cisco, Ford and Natwest, and we are beginning to see the benefits of our cost-reduction efforts," he added. Razorfish is among a slew of Internet consultancies, including Viant Corp. (NASDAQ:VIAN), Sapient Corp. (NASDAQ:SAPE), Scient Corp. (NASDAQ:SCNT) and marchFIRST Inc. (NASDAQ:MRCH), that have recently taken drastic actions in an effort to keep their businesses running amid an economic slowdown and the downturn in information technology. For instance, Sapient on Thursday warned of wider-than-expected losses in the current second quarter and said revenue dropped off at an "alarming" rate from January to March. Razorfish's shares, now trading about 97 percent below its February 2000 life high of $56-15/16, closed down 24.22 percent at $1.22 on Thursday after staging a two-day rally. In the last year, Razorfish share price has fluctuated between 31 cents and $23.625.