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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: Jason Patty who wrote (21387)	4/12/1999 10:59:00 PM
From: TechMkt	Respond to of 27307

From thestreet.com Fez _____________ broadcast.com Beats Estimates By David Shabelman Staff Reporter 4/12/99 6:40 PM ET SAN FRANCISCO -- broadcast.com (BCST:Nasdaq) beat Wall Street estimates for its first-quarter results. The company, which recently agreed to be acquired by Yahoo! (YHOO:Nasdaq), lost 11 cents a share for the first quarter. Excluding charges related to its purchase of NetRoadShow, the company posted a loss of 9 cents a share, or three cents better than the 12-cent loss estimated by analysts surveyed by First Call. The company reported revenue of $10.3 million in the quarter, up from $4.5 million in the first quarter of 1998 and $7.6 million in revenue reported in the fourth quarter. The broadcast.com report shouldn't hurt Net stocks, which continued to ramp today despite weakness in some of the PC and chip makers after Compaq's earnings warning on Friday. Compaq finished the day down 6 3/4, or 22%, at 24 3/16. The stock suffered from a number of analyst downgrades and fell as low as 23 1/8 at one point.