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To: doug doan who wrote (1210)1/16/1998 1:36:00 PM
From: Oeconomicus  Read Replies (1) | Respond to of 164684
 
Doug, consensus is for a loss of 44 cents. As for Revenue, I'd be very pleased (as a bear) if they came in at $48mm. That'd be only a 30% Q to Q increase in what, seasonally, should be a gangbuster quarter. To stay anywhere close to the $1bn by 2000 track, they need something north of $55mm IMO.

You can't extrapolate from just the last couple quarters in such a seasonal business as bookselling and the March quarter could easily be flat (post holiday Q is weakest Q; look at BKS and BGP). They need 100% p.a. growth for three more years to hit a billion in 2000 and the earlier periods would have to be higher to average 100% for the whole period.

I hope you are right about the $48mm.

Bob