To: Midnightsun who wrote (38741 ) 2/17/1999 7:26:00 PM From: Midnightsun Respond to of 50264
For those interested in the IP industry in general, launching pad.com does a pretty good job in keeping up. Below is one example. They include a IP index which is located on their url. FOR THE WEEK ENDING 02/12/99 Click Here for the full Internet Telephony Index. The IT Index moved in conjunction with the tech heavy Nasdaq this week, losing 4.5%, in medium to heavy volume trading. 20 out of the 25 companies comprising the Index were in negative territory, while the other few had slight gains or were flat. While most losses were also modest, BrookTrout's(BRKT) stood out for the sharp drop. BrookTrout released earnings Thursday evening which fell two cents shy of estimates. The reason for the missed calls was due to a one time charge that BrookTrout incurred mainly for the acquistion of the Lucent(LU) CT division. This caused shares of BRKT to gap down Friday morning over $3, to open at $10. Though it bounced quickly back to $12, there was selling pressure throughout the day. The volume reached an 18 month single day high with 1.3 million trading on the selloff. The follow through was a downgrade by Dain Rauscher from a Buy to Neutral rating. Despite the harsh reaction by the market, BrookTrout has made important competitive strides this past Q, and substanially increased revenues for the Fiscal Year '98. Highlights from BrookTrout's Fourth Quarter report: "Revenue for the 12 months ended December 31, 1998 increased to $100,851,000 compared to $72,192,000 for the same period in 1997. Pro-forma net income was $7,293,000 or $0.63 per share compared to pro-forma net income of $4,936,000 or $0.43 per share for the comparable period in 1997." " In connection with the acquisition of Lucent Technology's Computer Telephony Products division in December 1998, the Company recorded one-time charges in the fourth quarter of 1998 related to in-process research and development and employee retention program costs of $10,830,000 ($0.60 per share after tax). These one time charges resulted in the Company realizing a net loss for the fourth quarter of 1998 of $5,132,000 or $0.45 per share, and net income for the 12 months ended December 31, 1998 of $333,000 or $0.03 per share." Next week, we will be introducing a new feature to the LaunchingPad.com, the IT Research Topic WrapUP. This will be a concentrated collection of links, articles and information pertaining to a certain element of the Internet Telephony Industry. The first in this series will focus on an Email we recently received for information about the IT Industry and the Future. Other topics already slated include H.323 and Codecs & NextGen Telcos, BUT as always please write and let us know which Topics you would like to see covered.