Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : e.spire Communications (ESPI) -- Ignore unavailable to you. Want to Upgrade?

To: TC5187 who wrote (314)	5/14/1999 5:47:00 PM
From: limit	Respond to of 471

Was real strong considering. I feel the Circus Circus news may have been childs play compared to what may be coming. (I hope) Regards limit

To: TC5187 who wrote (314)	5/21/1999 11:19:00 AM
From: TC5187	Read Replies (1) \| Respond to of 471

ESPI Exceeded Our Revenue And EBITDA Estimates On Very Strong Results-- Compelling Value At This Level--Increased Estimates--Reiterate "Buy" Investment Rating Communications Services Alex Brown EPS: 1998A 1999E 2000E P/E: 1998A 1999E 2000E 3-5 Yr. Growth 52-Week Range Price ($4.45) ($5.34) ($4.49) NM NM NM 58% 23-4 11 15/16 May 11, 1999 Earnings Results NASDAQ: ESPI · The Company reported very strong results for 1Q 1999 ahead of our revenue and EBITDA estimates. Revenue was $58.1 million versus our $51.7 million estimate. EBITDA was a loss of $15.4 million versus our estimated EBITDA loss of $16.8 million. · The majority of the Company's revenue strength was driven by strong performance in its network technologies division and strong core telecom and data revenues. · We are very encouraged with the Company's on-net mix of access lines now at approximately 60% versus just 48.5% in the last quarter (two-thirds totally on-net and one-third on switch). We currently are reviewing our estimates and congruent with management guidance expect to make positive adjustments to our 1999 quarterly revenue and EBITDA estimates. · We are reiterating our "buy" investment rating on the shares and our 4Q 1999 $30 price target based on an enterprise value multiple of 4.4x forward net PP&E. Kevin M. Moore (410) 895-3329 kevin.moore@btalexbrown.com Michael G. Bowen (410) 895-3264 michael.bowen@btalexbrown.com Research Analysts