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Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (90)	10/24/2001 11:00:47 PM
From: SusieQ1065	Read Replies (5) \| Respond to of 238

RSAS ($12-$7)the reversal was called on the famous G&V thread on 10/23 by Chris! P/E 3!...missed by 1 cent...warned, cuts jobs. Thursday October 11 8:18 PM ET RSA Posts Third-Quarter Loss Vs. Year-Ago Profit Audio/Video AUDVID RSAS warns, misses lowered Q3 estimates, reports job cuts - () By Siobhan Kennedy NEW YORK (Reuters) - Network security provider RSA Security Inc. (Nasdaq:RSAS - news) on Thursday reported a third-quarter loss wider than its previously lowered expectations and warned that earnings for the fourth quarter and next year would fall short of estimates. The company also said it will cut up to 15 percent of its work force, or 215 employees, and reduce salaries by up to 10 percent for all its U.S employees to cut costs. As a result, RSA will take a $10 million to $11 million fourth-quarter restructuring charge, it said. ``The weakening global economy in the aftermath of the Sept. 11 attacks had a dramatic impact on our business,'' Art Coviello, RSA's chief executive told analysts on a conference call late Thursday noting that the third quarter was the first time RSA had posted a loss in its history as a public company. RSA Security Inc. went public in 1995. ``I am disappointed in our results but they clearly were affected by forces beyond our control,'' he added. RSA posted a net loss, including extra items, of $15.5 million, or 28 cents a share for the third quarter, compared to a profit of $40 million, or 62 cents a share in the prior year. The loss was below its lowered forecasts of a loss in the range of 21 cents to 24 cents a share. Revenues for the third quarter fell 13.1 percent to $62.6 , RSA said it recorded a loss from core operations of $5.4 million or 10 cents a share. The Wall Street consensus estimate was for a loss of 7 cents a share, which was in line with RSA's lowered guidance earlier this month. Analysts said there were no surprises in RSA's third-quarter earnings but most expressed concern about the company's cash position, which stood at about $25 million at the end of the third quarter, down from $200 million the quarter before. ``People are concerned about cash,'' Jordan Klein, an analyst with UBS Warburg said. ``The reality is these guys ... have challenges with their balance sheet,'' agreed Eugene Munster, an analyst with U.S Bancorp Piper Jaffray. ``They've got to get that fixed first,'' he added. ``And I think when they do, at that point the stock starts to move.'' RSA also said it would wind down its RSA Capital division, which includes its New and Emerging Security Technologies (NEST) unit and its RSA Ventures fund. The company will merge NEST into its core operating business over the next 3 months and put a hold any new investments, RSA said. Shares of RSA, which closed the regular session up 9.41 percent at $10.93, were pushed down in after hours trading on Instinet to $10.25. LOWERS F0URTH-QUARTER, 2002 GUIDANCE For the fourth quarter, RSA said it expected to post earnings, before charges, in the range of break-even to a profit of 2 cents a share on revenues of $63 million to $65 million. Including charges, it said it expected to post a fourth quarter per share loss in the range of 15 cents to 17 cents a share. Analysts polled by research firm Thomson Financial/First Call on average were expecting RSA to post a profit of 3 cents a share in the fourth quarter, with a range of a loss of 8 cents to a profit of 13 cents a share. The consensus estimate for revenues was $68.13 million. Were it not for the Sept. 11 air attacks in New York and Washington, Coviello said he would be ``waxing fairly confident'' about RSA's fourth-quarter customer prospects. He said RSA had already had 30 percent of its fourth-quarter business in the bag. ``The big question will be around the close rates and whether or not ... deals get cut back and by how much,'' he said, referring to the remaining 70 percent of business RSA still has to close before Dec. 30. For 2002, the company said it expected to post earnings before charges in the range of 25 cents to 34 cents a share on revenues between $285 million and $295 million. Including charges, RSA said it anticipated recording net profits in the range of 9 cents to 19 cents a share. The Wall Street earnings estimate was 39 cents a share for 2002, with a range of profit between 15 cents and 76 cents Revenues were expected to be $345.35 million, according to First Call. Earlier this month, RSA lowered its third-quarter guidance to a net loss of between $12.5 million to $14.1 million, citing a delay or cancellation of orders after the Sept. 11 attacks on the United States. Revenues were expected to be in the range of $62 million to $63 million, it said, down from previous estimates of a range between $72 million and $80 million. At the time, the mean First Call revenue forecast was $91 million.

To: SusieQ1065 who wrote (90)	11/15/2001 10:23:57 PM
From: 2MAR$	Read Replies (1) \| Respond to of 238

GMST ( $24-$27-25) Cap= 10Bil Gemstar-TV Guide International (GMST: news, chart, profile) added $1.73 to $25.83 after the Pasadena, Calif., consumer entertainment technology products firm reported a third-quarter loss of $131.5 million, or 32 cents a share, wider than its year-ago loss of $115.8 million, or 30 cents a share. On an EBITDA (earnings before interest, taxes, depreciation, and amortization) basis, the company earned $110.7 million, or 25 cents a share, in the latest results. Revenue reached $335.1 million in the quarter. The company said its performance topped "the consensus expectations of analysts on all major performance metrics in all sectors." The results prompted Merrill Lynch to reaffirm its "buy" rating on Gemstar's stock. "Quite remarkably, Gemstar continues to hit its financial targets, which were provided to Wall St. over one year ago, despite a sharp downturn in U.S. economic activity," said analyst Jessica Reif Cohen in a note to clients.