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Technology Stocks : DoubleClick Inc (DCLK) -- Ignore unavailable to you. Want to Upgrade?

To: zalesky who wrote (1798)	4/28/1999 10:10:00 AM
From: SteveG	Read Replies (3) \| Respond to of 2902

SteveG still @ H&Q This out this AM from BT: HIGHLIGHTS: --System Revenues of $31.1 mm vs. our $27.6 mm estimate. Gross margins of 54% vs. our 49% estimate. Operating loss per share of $0.13 was in-line with our estimate and the Street's consensus $0.13 estimate. --EPS estimates remained unchanged. Increasing revenue estimates across the board-- 2Q (to $24.7 mm from $20.8 mm), CY99 (to $108.1 mm from $88.3 mm) and CY00 (to $192.7 mm from $133.3 mm). --DoubleClick International currently has over 80 DART clients including Infoseek, Sportsline, MarketWatch, Excite Europe, and ZDnet. The Company's International division accounted for approximately $4.9 mm in Q1 revenue, up 20% sequentially. --DART revenue of $7.2 mm (vs. our $4.7 mm estimate) was the primary driver of revenue upside. --Average daily ad impressions to 264 mm from 172 mm (q/q) up 53%, advertisers remained seasonally flat at 2,300, DART Publishers climbed to 675 from 570 (q/q), ad salesforce grew to 330 from 300. --Risks: (1) Uncertainty surrounding the overall interactive advertising market and (2) the management of hyper-growth as the Company continues to expand rapidly into new markets. --We are placing a 12-18 month price target of $175 on the shares of DoubleClick and reiterate our "Strong Buy" investment rating.