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To: NOW who wrote (126953)10/2/2001 8:08:38 PM
From: TheStockFairy  Read Replies (1) | Respond to of 436258
 
EBay Gains After Upgrade

By Eric C. Fleming
Inter@ctive Investor
April 27, 1999 8:25 AM PT

Shares of eBay Inc. (Nasdaq: EBAY) rose 5 1/4 to 214 1/4 on Tuesday after the online auctioneer topped expectations for its first quarter.

Earlier this morning, Salomon Smith Barney raised its rating on eBay to "buy" from "outperform" and BancBoston Robertson Stephens and Donaldson Lufkin & Jenrette reiterated their respective "buy" opinions. DLJ raised its six to twelve-month share price target at $300 a share.

Goldman Sachs, one of the underwriters for eBay's IPO, raised 1999 estimate to 22 cents a share and 2000 expectations to 37 cents a share. DLJ also boosted expectations to 23 cents a share from 8 and 37 cents a share from 18 cents a share. First Call is looking for 8 cents in earnings this year and 18 cents in the following year.

Goldman also hoisted sales estimates to $180 million in 1999 and $260 million in 2000. DLJ advanced its sales forecast for this year to $181.1 from $127.5 million and raised its 2000 revenue target to $262.5 million from $185 million.

eBay easily hurdled analysts' estimates in its first quarter Monday, returning a profit of $5.9 million, or 5 cents a share, on sales of $34 million. First Call consensus expected the online auctioneer to earn 2 cents a share in the quarter.

"eBay over-delivered on every key metric," said DLJ analyst Jamie Kiggen in a report.

Company officials said much-improved traffic growth contributed to the upside surprise. Many analysts were expecting revenue of about $26 million. The $34 million in sales represents a stunning 469 percent jump compared to the year-ago quarter when it earned $569,000, or 1 cent a share, on sales of $6 million. It was also more than $8 million higher than most analysts expected.

"A lot of people have been focusing on Amazon and its auctions, but eBay is totally focused on the business," said Goldman Sachs analyst Rakesh Sood. "EBay will continue to do very well."

On a conference call with analysts, CFO Gary Bengier said gross margins would decline in the second quarter because of its acquisition of upscale auctioneer Butterfield & Butterfield.

In related news, Amazon.com bought three Internet companies for a total of $645 million, which add to its online bookselling and e-commerce business.



To: NOW who wrote (126953)10/2/2001 8:11:52 PM
From: TheStockFairy  Respond to of 436258
 
Free ISP NetZero worth $3 billion after IPO
By Bloomberg News
September 24, 1999, 2:30 p.m. PT
update WESTLAKE VILLAGE, California--NetZero, which gives people free Internet access in exchange for their agreeing to see online advertising, rose 82 percent in its first day of trading.

The company, based in this Los Angeles suburb, rose 13.13 to 29.13. About 19.5 million shares were exchanged, making it the seventh most active issue on U.S. markets. The company has a market value of $3 billion.

NetZero's free service is seen by some as a challenge to the revenue model of giants such as America Online, whose subscribers pay a $21.95 monthly charge. But AOL has more than 18 million subscribers paying the fee, while NetZero said that in August, about 891,000 of 1.68 million registered users had accessed its service.

Those who use NetZero's service see ads on a small window on their screens that cannot be closed or reduced.

The company has marketing relationships with Compaq Computer and Xerox under which the computer and equipment manufacturers have agreed to bundle NetZero software with some of their products.

NetZero sold 10 million shares at $16 each yesterday, raising $160 million.

The shares were priced at the top of the $14 to $16 range set by Goldman Sachs, which handled the transaction. Goldman had raised the range from $9 to $11, reflected in a filing yesterday with the U.S. Securities and Exchange Commission. The sale represented a 10 percent stake.



To: NOW who wrote (126953)10/2/2001 8:23:22 PM
From: TheStockFairy  Read Replies (1) | Respond to of 436258
 
Stock Watch: Blue Martini Soars in Debut
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By Nora Macaluso
www.EcommerceTimes.com,
Part of the NewsFactor Network
July 26, 2000

Blue Martini Software (Nasdaq: BLUE) soared 34 25/32 in its first day of trading, closing Tuesday at 54 25/32.

The San Mateo, California-based e-business software and service company sold 7.5 million shares at $20 each through underwriters led by Goldman Sachs.

Blue Martini, which lost $9.93 million on revenue of $11.23 million in 1999, says its products help companies "build brand equity through direct customer interaction across Internet-related customer 'touch points,'" like Web sites, wireless devices and more traditional venues.

As of March 31st, the company had licensed its software to 35 customers.