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Technology Stocks : Cyberian Outpost (Symbol: COOL) -- Ignore unavailable to you. Want to Upgrade?


To: Joe Pirate who wrote (1066)2/3/1999 2:33:00 PM
From: CGarcia  Read Replies (2) | Respond to of 1932
 
Overheard at Tech conference.....

Cyberian Outpost (COOL) said it now has 260,000 customers, up from 210,000 at the end of its third quarter in November. Chief Executive Darryl Peck said he's negotiating more portal alliances "as we speak." Peck said international sales are contributing15 percent of revenue year to date, less than last year because of the rapid growth of domestic sales. Chief Financial Officer Katherine Vick said the company is comfortable with analysts' fourth-quarter estimates. She also said Cyberian Outpost sees long-term margin rising to 15 percent from the current 10 percent. Vick said she foresees the company reaching the break-even point by midyear 2001. Responding to questions about retailers selling below or at cost, the CFO said, short term, that needs to be dealt with, but she added that she doesn't think vendors will appreciate their "products being discounted as a business" and thus may not be willing to advertise.

Go COOL