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Technology Stocks : Internap Network Services Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Jibacoa who wrote (479)	10/1/2002 9:42:57 AM
From: Jibacoa	Respond to of 1011

Good up-gap after the news today, and there was some yesterday at the end of trading and before the news.<g> The stock is up 33.33% and volume is picking up. siliconinvestor.com Bernard

To: Jibacoa who wrote (479)	10/2/2002 10:16:36 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 1011

INAP's announcement paints a considerably brighter picture than almost anyone imagined. With a major increase in margins (from 32% to 40%), INAP is beginning to show some of its potential to generate cash flow. The upside pre-announcement gives a heads up that the company should be reaching profitability sooner than earlier expected. They seem to have improved quarterly results by roughly $2 million over earlier guidance. And once the move to Atlanta is completed, they should have lower overhead. One of the big pluses is that the announcement should strengthen the company's position in selling to new clients and negotiating with lenders. I suspect INAP may accelerate the payback of loans once they begin to show some free cash flow. Given the high trading volumes, I think we will see reports of net institutional accumulation in the Sep quarter.