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Technology Stocks : Excite [XCIT], an exciting stock to own in 1999! -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (2045)7/16/1998 9:57:00 PM
From: Tim McCormick  Read Replies (3) | Respond to of 3183
 
XCIT calls 56.8 mill of distribution and license fees paid to Netscape nonoperating. What a bunch of crap. This works out to .15 per share per quarter for 8 quarters on a post split basis. Without this hanky panky XCIT lost .25 post split/ .50 pre split. Sounds like Mr. Ball has been playing golf with Mr. Dunlap and Mr. Silverman.
Ofcourse earnings don't matter for net stocks, so why even bother to report. Tim



To: drsvelte who wrote (2045)7/17/1998 12:09:00 PM
From: Capt  Read Replies (1) | Respond to of 3183
 
To all

NEW YORK, July 17 (Reuters) - Lehman Brothers on Friday said it lowered its rating on shares of Excite Inc. <XCIT.O> to neutral from outperform. -- Slowing usage growth cited. -- 1998 EPS estimate lowered to $0.51 a share from $0.71 a share. -- 1999 EPS estimate lowered to $0.60 a share from $0.68 a share. -- Shares were up 1-3/8 at 93.

((--Wall Street desk, 212-859-1730))


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