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To: SusieQ1065 who wrote (201)	8/7/2002 7:18:45 PM
From: 2MAR$	Read Replies (2) \| Respond to of 238

TMPW.bomb ($15.50-$8)pe=20 cap=900mil "" Monster Mash "" TMPW stockcharts.com[m,a]daclyyay[pb50!b200][vc60][iUc20!La12,26,9]&pref=G By George Mannes Senior Writer 08/07/2002 04:03 PM EDT " Updated from Aug. 6 Shares in Monster.com job service parent TMP Worldwide (TMPW:Nasdaq - news - commentary - research - analysis) met a frightening fate Wednesday on news of lowered guidance and an executive departure. The company, which operates several online and offline recruitment and advertising businesses, says it continues to suffer from a jobless recovery that's softening demand for its services. In addition, TMP said that Jim Treacy, chief operating officer since 1998 and president of the company since last November, will be leaving the company, though he'll continue on the board of directors. TMP shares plunged 35% Wednesday, dropping $4.51 to $8.27, after the company elaborated on its weak results in a morning conference call. Shares in TMP are down more than 80% from their 52-week high. For the second quarter ended June 30, TMP reported revenue from commissions and fees of $291 million, down from $383.6 million one year earlier and just shy of the Thomson Financial/First Call analyst consensus of $292.5 million. Adjusted earnings for the quarter of $15.7 million matched expectations of 14 cents per share, down from the comparable figure of 32 cents in the second quarter of 2001. The latest quarter's adjusted figures exclude a $448.4 million non-cash pretax charge, previously disclosed, for the impairment of goodwill, and reorganization charges of $114.4 million -- $84.1 million of that in cash -- covering workforce reduction and real estate consolidation. In May, the company had forecast reorganization charges of $75 million for the second quarter, but TMP said Tuesday the charge reflected "greater cost reductions than originally anticipated," as well as charges for items "not previously anticipated." In addition, TMP revised its full-year 2002 outlook from guidance provided in May -- guidance that was already revised downward from earlier forecasts. For the full year, TMP says it expects to show revenue of $1.17 billion, down from May's figure of $1.24 billion. TMP's operating margin will be 8% of revenue, the company says, down from its earlier forecast of 13%.

To: SusieQ1065 who wrote (201)	8/13/2002 4:24:42 AM
From: 2MAR$	Respond to of 238

Siebel Systems' Swap Sales Jump to 18% of 2nd-Quarter Software Revenue By Marcelo Prince Dow Jones Newswires NEW YORK -- Siebel Systems (NasdaqNM:SEBL - News) Inc.'s revenue from so-called swap deals with its suppliers nearly tripled in the June-ended quarter, even as the company shocked investors with a 41% drop in total software sales. ADVERTISEMENT The San Mateo, Calif., company collected $30.7 million of software-license revenue from suppliers with which the company also purchased products "at or about the same time," documents filed Friday with the Securities & Exchange Commission show. That represents 18% of Siebel's $170.1 million second-quarter license revenue -- the highest percentage since the company began disclosing this information. In the year-earlier period, swaps were $12.2 million, or 4%, of Siebel's $286.8 million in license revenue. The amount of swaps in the most recent quarter is "off the charts compared to what we have seen in previous quarters," said Patrick Walravens, an analyst at JMP Securities in San Francisco. He rates Siebel at market perform and doesn't own the stock. "Revenue was hard to come by last quarter" and it appears Siebel squeezed its suppliers or partners to reach for Wall Street's targets. Swaps, also called barter deals, have come under increased scrutiny by investors and analysts recently. Critics say suppliers may make these purchases to retain their relationship with Siebel, not necessarily because they need more of its software. Critics also say swaps may lead some customers to pay inflated prices in an industry that typically sells its products at a discount. A Siebel spokesperson wasn't immediately available. Chief Executive Tom Siebel has defended his company's disclosure of what he calls "concurrent transactions" and questioned why other software vendors don't provide such information. The company stated in Friday's SEC filing that "these transactions are separately negotiated, settled in cash and recorded at terms the company considers to be arm's length." Chuck Phillips, an analyst at Morgan Stanley (NYSE:MWD - News), said Siebel's high percentage of swaps is a cause for concern and "may not be sustainable." Customers that aren't buying software to solve an immediate business problem are unlikely to have Siebel's products up and running within a year, making them unlikely candidates for repeat purchases, he said. Phillips assigns Siebel an equal-weight rating. The once fast-growing company is struggling with slack demand for its costly software, which is used to manage salespeople and call centers. Its June-quarter software sales were the lowest in 10 quarters. Last month, the company announced plans to dismiss 1,200 people, or 16% of its work force, and executives lowered expectations for the current quarter. They forecast software licenses would fall somewhere between $135 million to $170 million. At 4 p.m. EDT on the Nasdaq National Market, shares of Siebel Systems were down 10 cents, or 1.1%, at $8.70. The stock has fallen 69% so far this year, erasing more than $9 billion in shareholder wealth. By Marcelo Prince; Dow Jones Newswires; 201-938-5244; marcelo.prince@ dowjones.com

To: SusieQ1065 who wrote (201)	10/15/2002 1:31:46 PM
From: SusieQ1065	Read Replies (2) \| Respond to of 238

11:50 ET ADBE Adobe Systems reveals Q4 charge (23.20 +0.64) In its 10Q filing today, company says that it expects to record a $10-14 mln restructuring charge in Q4 to "realign its resources to support its future business plans"; though not a huge charge, this may be weighing on the stock today as we're hearing this charge was not previously revealed.

To: SusieQ1065 who wrote (201)	10/19/2002 12:02:33 PM
From: SusieQ1065	Read Replies (1) \| Respond to of 238

MERQ ($22-$24)..PE=85.9...in-line on EPS and revs..4 upgrades the next day.. 17-Oct-02 16:49 ET Mercury Interactive matches estimates (MERQ) 23.24 +1.91: Reports Q3 (Sep) earnings of $0.16 per share, in line with the Multex consensus of $0.16: revenue for the third quarter was $97.9 million vs consensus of $97.2 million. Reuters Mercury Interactive swings to profit Thursday October 17, 7:23 pm ET By Ilaina Jonas (adds ceo, analyst quote, outlook, updates stock price, previous SUNNYVALE, Calif.) NEW YORK, Oct 17 (Reuters) - Mercury Interactive Corp.(NasdaqNM:MERQ - News), maker of products for software testing and monitoring, on Thursday reported third-quarter net income versus a year-earlier loss as revenues rose 16 percent. ADVERTISEMENT The Sunnyvale, California-based company, with operations in Israel, has been able to capitalize on the prolonged downturn in technology spending because its network and software testing and monitoring products help customers get the most out of the software they already have. "Overall, peoples' focus is not about new stuff but in getting value from the past investment, getting more efficient and saving costs," Amnon Landan, Mercury Interactive chief executive officer, told Reuters. "Every single one of our offerings address those desires. Mercury reported a net profit of $13.3 million, or 15 cents a share, compared with a net loss of $7.1 million, or 9 cents per share, a year earlier. Revenue rose 16 percent to $97.9 million from $84 million in the prior year. "They don't really have a direct competitor in testing that's large," Goldman Sachs analyst Thomas Berquist said of the part of the business that accounts for 80 percent of Mercury's overall revenue. Mercury's performance and measurement business for applications grew close to 40 percent compared with last year. Most of the deals come to $65,000 or less, making them attractive to department heads. "They do compete with other systems management companies in that space but the other companies sell much larger" deals for the entire enterprise, Berquist said. "Mercury can sneak in and pick off business," he said. Excluding amortization of goodwill and restructuring charges and other one-time items, the company said it earned $14.2 million, or 16 cents a share, in the third quarter, compared with $9.8 million, or 11 cents a share, a year earlier. Analysts, on average, expected the company to earn 16 cents a share excluding charges, with 26 estimates ranging between 14 cents to 17 cents a share. For the fourth quarter, the company said in a conference call with analysts that it expects per share earnings between 17 cents to 22 cents a share on revenue between $105 million to $115 million. Analysts, on average, expect the company to earn 20 cents a share on revenue of about $106.5 million. Landan said that the economy still remains unpredictable and said if the traditional fourth-quarter buying spree occurs, revenue will fall in the higher range. If not, revenue will be closer to $105 million. Shares of Mercury Interactive on Thursday closed at $23.24, up $1.91, or about 9 percent. In after-hours activity on Instinet, shares traded at $23.35. Since the beginning of the third quarter, shares of Mercury Interactive shares have gained 7 percent of their value and have outperformed the Goldman Sachs software index by 16 percent. Email this story - Set a News Alert ADVERTISEMENT