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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (38761)	7/10/2001 5:15:49 PM
From: Dealer	Read Replies (1) \| Respond to of 65232

DoubleClick a penny over consensus By William Spain, CBS.MarketWatch.com Last Update: 5:02 PM ET July 10, 2001 NEW YORK (CBS.MW) -- Even in the face of widening losses, DoubleClick managed to top diminished expectations while sticking to its targets for the second half of 2001. 24 hours a day from our 100-person news team. After the bell, the online ad, media and technology company posted a second quarter net loss of $9.5 million, or 7 cents per share, as compared to a net loss of $3.8 million and 3 cents in the second quarter of 2000. Analysts polled by First Call/Thomson Financial had been expecting the company to lose 8 cents per share. Revenue came in at $102 million, down 20 percent. "We have been able to execute on our strategic goals across our business segments, develop and release next-generation technology, maintain a robust balance sheet and effectively manage costs," said CEO Kevin Ryan. As of the end of June, DoubleClick still had $814 million in the bank -- a figure buoyed during the quarter by $25 million raised from a Japanese IPO. "DoubleClick is not changing current consensus targets for the combined second half of 2001," the company said in the earnings announcement, and it expects to lose a combined 9 cents per shares in the next two quarters. Shares in DoubleClick (DCLK: news, msgs, alerts) closed at $12.02, a loss of 74 cents or nearly 6 percent. The stock melted down last fall; from a 52-week high of $45.52 in late August, it fell to a year-long nadir of $8 just in time for Christmas. In April, citing a slide in the online ad market, the company warned that it expected to post a loss of 18 cents to 22 cents on the year -- a blow to hopes that it would manage to reach profitability by the end of the year. It lost 11 cents per share in 2000. Still, the uncertain outlook has not stopped the New York-based company from buying up smaller potential rivals and making their assets its own. Last month, Double Click announced that it would purchase MessageMedia (MESG: news, msgs, alerts) in a $41 million all-stock deal as part of a strategy to increase its junk e-mail capabilities. It was the second acquisition in the e-mail space this year; in February, it bought FloNetwork. MessageMedia closed at 50 cents, down 2 cents, on Tuesday. Last month, it appealed a Nasdaq delisting notice -- an appeal that may be moot if the deal goes through in the third quarter as expected. DoubleClick has also been the target numerous lawsuits, both from disgruntled shareholders and by groups charging that some of its data collection practices constitute invasions of privacy. ********************************************************* DoubleClick loss narrower than target (DCLK) By August Cole DoubleClick said Tuesday that its second-quarter 7-cent per-share loss was narrower than Wall Street expected. Quarterly revenue came in at $101.9 million vs. $128.1 million in the year-ago quarter. A consensus of analysts surveyed by First Call indicated a loss of 8 cents a share. The company said it had $814 million in cash and marketable securities at the end of the quarter. Shares (DCLK) ended the day down 5.8 percent to $12.02.