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

To: SusieQ1065 who wrote (127)	2/7/2002 9:11:56 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 238

CNET ($8-$5) EPS -$16...beats by 2 cents, but guides 2002 revenues lower (CNET) 7.55 -0.52: Reports Q4 (Dec) loss of $0.10, two cents better than the Multex consensus of ($0.12); revenues were $70.2 mln vs the consensus of $71.6 mln. Company is targetting Q1 and 2002 revenues of $55-60 mln and $265-285 mln, below current Multex estimates of $66.5 mln and $296.8 mln. CNet Falls as Ad Market Grows Bleaker By George Mannes Senior Writer 01/30/2002 10:48 AM EST CNet (CNET:Nasdaq - news - commentary - research - analysis) plunged 21% Wednesday on the heels of a weak revenue forecast and bearish remarks from advertising industry behemoth AOL Time Warner (AOL:NYSE - news - commentary - research - analysis). CNet shares dropped $1.63 to $5.92 after the company projected that first-quarter revenue will fall 10% to 15% from fourth-quarter levels. Further upsetting investors, AOL said Wednesday morning that it doesn't expect to see the ad market pick up anytime soon, a trend that will surely punish ad-supported companies such as CNet. CNet President Dan Rosensweig said Tuesday night that the company expects technology advertising to remain "stable yet challenged" for the first half of the year. Technology advertisers are going to wait until they see an improvement in capital expenditures, he said, before they begin to "aggressively uptick" their marketing. Online-technology advertising should perform "significantly better" than technology advertising in print publications, he said. For its part, AOL made a conspicuous effort Wednesday morning to ease investors off any hope that the ad market, mired in its worst slump in recent memory, will stage a bounceback anytime soon. The company reiterated financial guidance for 2002 that calls for modest growth from 2001, which itself came in much weaker than the company had originally projected.