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To: HG who wrote (49931)	4/12/1999 6:15:00 PM
From: 16yearcycle	Respond to of 164687

Broadcast.com loss less than expected By Bloomberg News Special to CNET News.com April 12, 1999, 2:45 p.m. PT DALLAS--Broadcast.com, the provider of multimedia events over the Internet that is being acquired by Yahoo, said it had a less-than-expected first-quarter loss, as more companies used its service for events such as conference calls. Broadcast.com had a loss from operations of $3.4 million, or 9 cents a share. That compares with a loss of $2.64 million, or 9 cents, in the year ago period. The company was expected to lose 12 cents, the average estimate of analysts surveyed by First Call. Broadcast.com's revenue more than doubled to $10.3 million from $4.5 million. Broadcast.com, which like many Internet companies has yet to earn a profit, agreed on April 1 to be acquired by Yahoo for about $6.08 billion in stock. Some analysts expect Internet multimedia programming to grow in popularity as high-speed Internet connections become more common. Meanwhile, Broadcast.com is targeting companies seeking to cut costs and reach a broad audience by airing conference calls, product introductions, and other events online. "The idea of Webcasting, whether business events or entertainment events, is gaining greater legitimacy," said Daniel King, an analyst with LaSalle Street Securities, who has a "buy" rate on the company. "People are looking at it as a good way to reach a targeted audience relatively cost-effectively." In the recent quarter, Broadcast.com took a charge of $462,000 for its acquisition of NetRoadshow, which closed in March. That brought its first-quarter loss to $3.8 million, or 11 cents per share. Results for the prior period are restated to reflect as though the purchase of NetRoadshow had been completed. The average number of shares outstanding increased 22 percent to 36.4 million from 29.8 million.

To: HG who wrote (49931)	4/12/1999 6:23:00 PM
From: 16yearcycle	Read Replies (3) \| Respond to of 164687

Borders will rely on retail stores April 12, 1999, 2:35 p.m. PT Borders plans to concentrate on opening retail stores to boost sales rather than focusing on its Internet business to compete with more successful online booksellers, its vice chairman said. Borders--which operates about 1,200 Borders, Waldenbooks, and Brentanos stores--plans to add about 45 U.S. superstores this year, bringing its total to 290. Traditional stores will account for 85 percent to 95 percent of industry sales in the long term, Borders vice chairman George Mrkonic said. While Borders' Internet sales will increase fivefold to about $25 million this year, they'll account for only about 1 percent of an expected $3.1 billion in total revenue, Mrkonic said. The Ann Arbor, Michigan-based company reported $4.6 million in Internet sales last year, far less than leading online booksellers Amazon.com and Barnesandnoble.com", which had $610 million and $70.2 million, in online sales, respectively. "We're focusing on our profitable business,'' said Mrkonic, speaking at an investment conference sponsored by Robinson- Humphrey in Atlanta. "Doubling or tripling our Internet sales [further] wouldn't do anything for our profit.'' Borders isn't willing to spend money on marketing agreements with Web sites to refer business to its Borders.com unit that would be unprofitable, Mrkonic said. He predicted the growth rate of online book sales will soon slow because most book buyers, largely highly educated consumers, already have gained access to online retailers. Borders introduced its Web site later than Amazon.com and Barnes & Noble, and hasn't devoted as much money to it, analysts have said. Its net income for fiscal year ended January 24 rose 14.8 percent to $92.1 million, or $1.12 a share, from $80.2 million, or 98 cents, a year earlier. Sales increased 14.5 percent to $2.595 billion from $2.266 billion.

To: HG who wrote (49931)	4/12/1999 6:31:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164687

No it isn't, but it seems to move at whim, on news. Thats unpredictable and means one needs to have patience to wait till it decides to move, the patience test becomes difficult if other stocks are moving wildly !!!! Don't gop too crazy and buy too many shares.A couple thousand goes a long way. Planning to buy tomorrow around 109 mark. But I need to write off the money - for how long, thats what I need to get a feel of ! I am having difficulty planning in advance. The market is not predictable.