To: JBH who wrote (1364 ) 7/24/1998 9:19:00 PM From: esecurities(tm) Read Replies (1) | Respond to
DBCC competitor DTLN releases Q2 numbers [ending 30 June]."...Revenue increased 11% to $34,797,482 for the second quarter of 1998, compared to $31,391,287 for the second quarter of 1997. For the six-month period ended June 30, 1998, revenues increased 14% to $69,222,629, compared to $60,858,160 for the same period of 1997...During the second quarter ending June 30, 1998, DTN released information to investors that PanAmSat lost control of the Galaxy IV satellite on May 19, 1998. The Company switched DTN FarmDayta subscribers to the Galaxy 3R satellite and all other DTN subscribers to the Telestar 5 satellite. The Company's costs related to the failure of Galaxy IV include telecommunications, labor, and satellite costs and customer communications. These unusual non-recurring costs, on a pre-tax basis, were estimated to be $5.8 million ($3.7 million after tax) and were recorded in May of 1998. Galaxy IV , operating income (EBIT) decreased 9% to $2,769,156 for the second quarter of 1998, compared to $3,049,577 for the same period of 1997...The net loss in the second quarter of 1998 was $3,076,542 or $.27 per share on a diluted basis, compared to net income of $485,561 or $.04 per share on a diluted basis for the second quarter of 1997..." biz.yahoo.com "...It is not often that a front-page news event like the failure of the Galaxy IV satellite so clearly demonstrates the value of Data Broadcasting's significant commitment to the Internet as its primary delivery system. Although many of our major competitors were unable to provide information to their customers during this event, the vast majority of DBCs customers...enjoyed uninterrupted delivery of their vital financial information..." source: Opening statement to DBCC shareholders ref/ DBCC Third Quarter Report for the period ended March 31, 1998 mailed late June 1998...
