SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (114861)4/7/1999 6:02:00 PM
From: nolimitz  Respond to of 176387
 
Cool been waiting on the Pigman so I could buy some mo DELL. It worked great last time he was here... Think I may have a ham "samwich fo din din" tonight
nolimitz



To: stockman_scott who wrote (114861)4/7/1999 6:17:00 PM
From: Mohan Marette  Respond to of 176387
 
<--OT-->Yahoo beats First Call.Is it Miller-time yet???

Scott:

Haven't you heard???

Yahoo posts profit, beats estimates

By Jim Hu and Dawn Kawamoto
Staff Writers, CNET News.com
April 7, 1999, 2:10 p.m. PT

Yahoo today posted a profitable first quarter and beat Wall Street estimates.

Yahoo, which marked its third consecutive quarter in the black, reported net income of $16.4 million, or 7 cents a share. But excluding one-time charges for in-process research and development and amortization of intangible assets, the company's pro forma net income was $25.1 milllion, or 11 cents a share, compared with $3.27 million, or 2 cents a share, a year ago. Analysts had expected the portal giant to report earnings of 8 cents a share, according to First Call.

The leading portal company's revenues climbed to $86.1 million, up from $30.1 million a year ago. Yahoo's traffic grew to an average of 235 million daily page views in the month of March, up from 167 million in December.

Although Yahoo's stock closed the day down 3 percent, the company's share price had jumped in recent days in anticipation of today's earnings report. At one point yesterday, the stock soared 60 points higher than last week's closing price before the Good Friday holiday.

Yahoo, which has seen its share price roughly double since the start of the year, has been busy using its stock to acquire companies during the quarter. The portal announced in January that it would buy community builder GeoCities in a stock swap valued at $3.56 billion. The deal is designed to increase the stickiness of Yahoo's site, giving users a reason to linger.

Also during the quarter, Yahoo negotiated an acquisition of Broadcast.com. Yahoo, which announced that deal this month, said it would buy Broadcast.com for $5.7 billion in a stock exchange, helping the portal's effort to stay competitive in high-speed Internet services.

Company executives said they plan to pursue other acquisitions this year.