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Technology Stocks : CyberShop International, Inc. (CYSP) -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (663)	1/7/1999 12:17:00 PM
From: Shane Venem	Read Replies (1) \| Respond to of 884

Seems possible to me. Furbys accounted for 60% of CYSP revenue in the quarter? Sheesh, if you're not buying a Furby, why even go to the site? This fact alone would send me screaming for the exits were I long this stock. CYSP downgraded today. From Briefing.com: CyberShop International Inc. (CYSP) 10 1/2 +3/8: CE Unterberg Towbin downgrades online retailer from long-term "buy" to "neutral" as company pre-announces disappointing Q4 results; company estimates that approximately 60% of its revenues were generated by sales of Furby dolls; disappointed with disproportionate contribution of Furby sales to total revenues; lowers 1999 revenue estimate to reflect more conservative revenue growth rate; lowers revenue estimate from $16.9 mln to $11.1 mln and widens FY99 loss estimate from $1.09 to $1.27 a hare.....