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To: Technologyguy who wrote (505)	11/13/1998 7:33:00 PM
From: Technologyguy	Read Replies (1) \| Respond to of 28311

Investors flock to GO2NET Profit surges, Theglobe.com debut helps stock's rise By Steve Gelsi, CBS MarketWatch Last Update: 4:50 PM ET Nov 13, 1998 NewsWatch SEATTLE (CBS.MW) -- Shares of Go2Net jumped 33 percent Friday after the company posted better-than-expected earnings and was swept up by the Theglobe.com's meteoric debut. Breaking News Wall Street gets blue-chip lift Top picks galore: Just read the book Dell fails to hear 'whisper numbers' Tech stocks lose steam Theglobe.com sets record More top stories... CBS MarketWatch Columns Updated: 11/13/98 6:07:58 PM ET Theglobe.com's initial public offering helped fuel Go2Net's stock higher. Theglobe.com (TGLO), a Web community specialist, spun to dizzying heights Friday, rising about seven times its $9 offering price. See related story. Go2Net is a network of technology- and community-driven Web sites. Go2Net (GNET) earned $130,545 or 2 cents a share in the fiscal fourth quarter, excluding one-time charges vs. a loss of 10 cents expected by Wall Street analysts in a survey by First Call. Shares of Go2Net rose 9 3/4 to 39 1/4 Friday. The company incurred a loss of $400,746 or 9 cents in the year-ago period. Revenue was $2 million up 46.9 percent from the previous quarter and 530 percent more than the year-ago period. The non-recurring merger and acquisition-related charges associated with the company's acquisition of Hypermart totaled $319,512. Net loss for the quarter after these non-recurring charges was $188,967, or 3 cents per share. "While Go2Net is still in the very early stages of accomplishing its goals, we are pleased with the strong revenue and traffic growth this quarter and particularly pleased with achieving profitability," Go2Net CEO Russell C. Horowitz said in a press release. "Expanding recognition of the Go2Net brand is one of our primary goals for fiscal 1999." The company said it will increase its marketing spending and pursue acquisitions. Go2Net Network traffic increased 22 percent to 6.7 million average page views per day in September vs. 5.5 million average page views per day in June. Go2Net had 227 advertisers in the fourth quarter of 1998, up from 138 advertisers in the previous quarter.

To: Technologyguy who wrote (505)	11/13/1998 7:35:00 PM
From: Technologyguy	Read Replies (1) \| Respond to of 28311

The Motley Fool's Market Movers (Heroes) The Motley Fool - November 13, 1998 18:00 November 13, 1998/FOOLWIRE/ Go2Net Inc. (Nasdaq: GNET) jumped $9 3/4, or 33%, to $39 1/4 today after reaching as high as $51 3/4 in early trading. The operator of such websites as Silicon Investor, StockSite, MetaCrawler, and Hypermart late yesterday reported fiscal Q4 earnings of $0.02 a share (before charges) compared with a loss of $0.09 the year before and analysts' mean estimate of a loss of $0.10. Revenue grew 47% from the previous quarter to just under $2 million -- which was a 530% increase year-over-year. Gross margins improved to 71.6% this quarter from 69% year-over-year. For the fiscal year, margins reached 62.7% from 56.8% a year ago. Traffic to Go2Net's various websites jumped 22% to 6.7 million average daily page views during September from 5.5 million in June. It now has 227 advertisers, compared with 138 three months ago and just 11 a year ago. CEO Russell Horowitz said the company's main goal for fiscal 1999 is to expand recognition of the Go2Net brand with increased spending on marketing, which in turn may hurt the company's profitability.

To: Technologyguy who wrote (505)	11/13/1998 7:50:00 PM
From: Technologyguy	Respond to of 28311

Go2net Shares Skyrocket As Internet Firm Posts Unexpected Profit Dow Jones Online News, Friday, November 13, 1998 at 16:18 NEW YORK -(Dow Jones)- Go2net Inc. shares soared Friday after the company reported strong fourth-quarter results late Thursday. The Internet-service provider's earnings of two cents a share, excluding items, for the three month ended Sept. 30 compared with a year-earlier loss of nine cents a share. "These days anything related to the Internet with a whiff of profitability is a pretty hot commodity," said Needham & Co.'s Dalton Chandler, the sole analyst following the stock. "They reached profitability two quarters ahead of my estimates." Chandler had expected the company to report a loss of five cents, excluding one-time items. Go2net (GNET) Chief Executive Russell Horowitz attributed the strong earnings to the company's technology and user-driven sites, which include information on financial services and games. Go2net's sites are based on a software model that allows them to basically "run themselves," Chandler said. "Their sites are highly automated and low maintenance so they have a cost structure advantage over other companies doing the same things," Chandler said. "Because of that advantage, the company exceeded my revenue estimate for the quarter and that pretty much all fell to the bottom line." Go2Net spent about $1.3 million on sales and marketing in 1998 and has relied primarily on "word-of-mouth" to make its combined sites the 28th most trafficked on the Internet. "We see over one million users on our sites each day," Horowitz said. The executive said he expects the traffic on the sites to continue to grow. The focus now is on the company's destination site to be launched later this month, he added. The menu-type site will act as a portal to all of Go2net's content on the Internet. To increase awareness of Go2net's services, the company will increase advertising and marketing spending to about $2 million in 1999, Horowitz said. Chandler puts Go2net earnings at 27 cents a share for fiscal 1999 and 82 cents for 2000. Go2net lost 16 cents, excluding items, in fiscal 1998. Go2net shares earlier Friday rose as high as $51.75, past their previous 52-week high of $39 set April 15. They finished the session at $39.25, up $9.75, or 33%. Volume was a brisk 4.1 million, compared with average daily turnover of 45,400.