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To: DanielleC who wrote (99)10/8/2001 10:20:37 AM
From: Glenn Petersen  Read Replies (1) | Respond to of 136
 
Andreessen purchases 438,000 shares:

Monday October 8 9:11 AM ET

Loudcloud Chairman Buys 438,000 Shares

SUNNYVALE, Calif. (Reuters) - Loudcloud Inc. (Nasdaq:LDCL - news), which provides software that helps manage corporate Internet sites, said on Monday its chairman, Marc Andreessen, purchased 438,000 additional shares of the company.

He purchased the shares in September and October, a statement from the company said. Loudcloud, which said on Sept. 7 it would cut some jobs and realign its sales force, has seen its share price fall to a close of $1.29 on Friday from a 52-week high of $7.



To: DanielleC who wrote (99)11/19/2001 11:31:49 PM
From: Glenn Petersen  Read Replies (1) | Respond to of 136
 
Loudcloud's 3rd-quarter net loss narrows

SUNNYVALE, Calif., Nov 19 (Reuters) - Loudcloud Inc. <LDCL.O>, a provider of managed hosting for corporate Internet sites, on Monday posted a fiscal third-quarter net loss that was smaller than a year ago and said full-year revenue should land on the high end of previous guidance.

Revenue from the quarter ended Oct. 31 more than tripled to $14.3 million from $4.6 million last year on strong repeat business, Loudcloud President and Chief Executive Ben Horowitz told Reuters.

The Sunnyvale, California-based company's net loss narrowed to $40.7 million, or 62 cents a share, from a net loss of $58.2 million last year as the company continued to hold down costs.

Loudcloud shares, which finished the regular Nasdaq session 8 cents lower at $3.15, flirted with $4 in after-hours trade on Instinet before settling near $3.80. The company -- which was founded by former Netscapers Marc Andreessen and others -- went public at $6 in March.

"We're happy, we did what we wanted to do," said Horowitz, who added that the company closed its first joint deal with broadband communications provider Qwest Communications International Inc. <Q.N> in the current quarter. He would not disclose the deal's terms.

The company, which trimmed its cash burn to about $29 million from $35 million in the second quarter, wrapped up its third quarter with about $140 million in cash and other investments.

Loudcloud Chief Financial Officer Rod Sherwood said the company expects to reach cash-flow break-even in calendar 2003.

Looking ahead, Loudcloud sees a fourth-quarter loss of 55 cents or 56 cents a share on revenue of $15.5 million to $15.7 million.

As a result, the company said, full-year results should hit the high end of its previous forecast for fiscal 2002 revenue of $53 million to $57 million.

18:19 11-19-01