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Technology Stocks : Ziff-Davis Inc. - ZDNet (ZDZ) -- Ignore unavailable to you. Want to Upgrade?

To: Gutterball who wrote (232)	5/3/1999 3:26:00 PM
From: JoeinIowa	Respond to of 270

Dan Laughingstock, Way down today and really falling offs it high. Are you still trying to pump it? Joe

To: Gutterball who wrote (232)	5/4/1999 9:52:00 AM
From: Gutterball	Read Replies (1) \| Respond to of 270

H&Q recently issued a buy rating on ZDZ, here are two of their comments after ZDZ reported earnings. "ZDNet reported strong results in a seasonally slow first quarter. Highlights include: Revenue of $18.6 million, 43% above our $13 million projection, and 92% above the same period a year ago." "The strong performance of ZDNet -- a tracking stock intended to reflect the performance of the online publishing division of Ziff-Davis Inc. -- has prompted us to increase our estimates. We believe that ZDNet has crossed an important milestone, and will now be profitable for FY99. We are now projecting FY99 revenue of $84.6 million and $0.02 EPS versus our prior expectation of $74 million of revenue and a loss of ($0.07) EPS. For FY00, we are now predicting revenue of $211 million and $0.09 EPS versus our prior estimate of $98 million of revenue and a gain of $0.05 EPS. Maintain BUY." I concur but with the Net2Phone tie-up announced yesterday, H&Q may have underestimated revenues. EPS. who knows? BTW, the ZDZ earnings suprise forced H&Q to reissue their advisory on ZDZ -- it was revised upward.