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Technology Stocks : CyberShop International, Inc. (CYSP) -- Ignore unavailable to you. Want to Upgrade?

To: Bruce Cullen who wrote (802)	5/12/1999 10:13:00 AM
From: Rajiv	Read Replies (1) \| Respond to of 884

What the CYSP management has said - CyberShop®International, Inc. (Nasdaq: CYSP - news), a leading online retailer, today announced that revenues for the first quarter ended March 31, 1999 were $1,075,000, representing a 145% increase over revenues of $439,000 reported in the first quarter of 1998. ''We are pleased to have grown revenues almost two and half times in the first quarter, exceeding consensus analyst expectations by 25% and surpassing consensus expected EPS estimates by $.02,'' said Jeff Tauber, CEO and founder. ''While continuing to rapidly grow our revenues, we also undertook some significant marketing initiatives and infrastructure modifications to support our new merchandising strategy.'' What the CYSP management did not tell us - Sequential revenue growth (qtr to qtr) is -ve Rev Q4 1997 - 848 Q1 1998 - 422 Q2 1998 - 524 Q3 1998 - 454 Q4 1998 - 3414 (includes Furby sales) Q1 1999 - 1075 I thought internet companies are supposed to be showing explosive revenue growth. After several quarters of existence, CYSP has managed to generate revenues of a measly million dollars/qtr. Over the last few quarters, the management has shown they have no clue about what business they are in. They don't seem to have any idea on what business model they are using. Some examples - - changing product categories - relaunching websites - dropping websites (egift) - moving to an inventory-based model. - staring the millionth auction site. IMO, CYSP will never make any money. Over the next few years several hundred internet businesses will fail. IMHO, CYSP will be one of them. Regards. Rajiv