Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ask Jeeves,Inc-(Nasdaq-ASKJ) -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (585)	2/1/2003 9:05:39 PM
From: StockDung	Read Replies (1) \| Respond to of 838

Not a paid basher. Just a poster that knows crooked company when he sees one

To: rrufff who wrote (585)	2/1/2003 9:25:30 PM
From: StockDung	Respond to of 838

Keynote Speaker Safa Rashtchy informedinvestors.com Safa Rashtchy Safa Rashtchy is a vice president of U.S. Bancorp Piper Jaffray and a senior research analyst focused on the Internet media industry. He joined the Equity Research department of U.S. Bancorp Piper Jaffray as a research analyst in 1997 and has co-authored key industry reports on the Internet, including From e-Publishing to e-Business. Rashtchy has developed his research universe with a focus on the e-marketing process and its implications for Internet media and advertising companies. Rashtchy has been involved in more than 20 investment banking transactions, including IPOs, secondary offerings, and M&A. His comments on the Internet stocks are frequently quoted in key financial publications. Rashtchy came to U.S. Bancorp Piper Jaffray with an extensive background on the Internet as well as experience in the digital imaging industry. From 1992 to 1996, Rashtchy was president of ColorWorks Graphics, the digital imaging company he founded in Boston. Prior to that Rashtchy worked in various technical and management capacities in computer graphics and engineering companies. Rashtchy holds an M.B.A., summa cum laude, from Boston University and a B.S. in engineering from Purdue University. Rashtchy has also published several technical papers and has presented at various industry conferences.

To: rrufff who wrote (585)	2/1/2003 9:27:32 PM
From: StockDung	Read Replies (1) \| Respond to of 838

Ask Jeeves jumps on earnings, analyst upgrade Friday January 24, 1:49 pm ET PALO ALTO, Calif., Jan 24 (Reuters) - Shares of Ask Jeeves Inc. (NasdaqNM:ASKJ - News) soared 37 percent on Friday, a day after an analyst issued an upgrade on the heels of the Internet search company's better-than-expected quarterly results. ADVERTISEMENT Ask Jeeves' stock jumped $1.28 to $4.74 in early-afternoon Nasdaq trade, after hitting a new year high of $4.80. The stock's previous 52-week range was 86 cents to $3.86. The shares had hit $186 in November 1999. On Thursday, Emeryville, California-based Ask Jeeves posted higher fourth-quarter profits on revenues that were up 48 percent. It also took up its 2003 outlook. The company -- which offers both a consumer search service and corporate search software -- was profitable and cash flow positive for the first time in company history as fourth-quarter sales of its premium advertising products rose and paid listings were strong. On Friday, U.S. Bancorp Piper Jaffray analyst Safa Rashtchy bumped his rating on the stock to "outperform" from "market perform" based on the strength of the company's results. He also cited momentum in the search space and his belief that Ask Jeeves "will continue to show upside to its 2003 guidance, driven primarily by the paid listings momentum." Rashtchy increased his 2003 revenue and earnings estimates. He took his revenue call to $100.2 million from $88.2 million. He increased his earnings estimates to 18 cents a share from 8 cents on a GAAP (Generally Accepted Accounting Principles) basis. His pro forma earnings estimate went to 21 cents a share from 10 cents. "We believe our estimates are conservative as the company clearly has a tailwind on its search listing, and with costs already down, it is likely to see accelerating margin improvement," said Rashtchy, who put a $5 price target on the stock. "Although we expect (Ask Jeeves' stock) price to be up materially at the open today, we believe there is still substantial upside to the stock," he said. Rashtchy said risks to the company include possible user attrition, lower growth in paid listing prices, and increased marketing costs to maintain traffic.