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Technology Stocks : CyberCash a buy? -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (3363)	4/26/1999 10:05:00 AM
From: PeterR1700	Read Replies (1) \| Respond to of 3990

Dave re: "Revenues and transactions were flat." I'm confused. The story I read said that revs were up 300% from first quarter last year. Transactions up to 700/month. Am I mis-reading or misinterpreting? Entirely possible... CyberCash loss not as large as expected By Sandeep Junnarkar Staff Writer, CNET News.com April 26, 1999, 5:20 a.m. PT CyberCash, which processes electronic payments for traditional retailers as well as online commerce sites, today reported a first quarter net loss of 40 cents per share on revenue of $4.6 million. The net loss was 2 cents per share lower than a consensus of Wall Street analysts had anticipated, according to First Call. Revenue grew more than 300 percent from $1.1 million in the year-ago quarter. CyberCash reported a net loss of 52 cents per share for the same year-ago period. "In the first quarter, we continued to make strong progress in each of our core business areas which will significantly influence the long-term growth of our business," said CyberCash chief executive Jim Condon in a prepared statement, referring to the company's merchant signups and transaction volume. "CyberCash is adding merchants at a rate of more than 700 a month for its CashRegister service, while average monthly transaction volume has climbed to 3.1 million, an all-time high." Peter