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Technology Stocks : Autobytel (ABTL) - Buy Autos online -- Ignore unavailable to you. Want to Upgrade?

To: Buoy12 who wrote (360)	5/27/1999 6:08:00 PM
From: Alomex	Respond to of 594

When you really get down to it, nothing has changed except for a great pump job. Check out this article and read into the release to see the real story. I would be careful with market conditions being the way they are on this one. Michigan, ZDNet seems to be wrong on this one. The prospectus as well as the conference call both mention that Autobytel gets a cut of sales, moreover, they can raise their fees on a short notice (also touched upon on the CC), so higher sales do translate immediately to higher revenues. But hey, let's suppose for the sake of the argument, that Autobytel was not to see the benefits of higher sales until next year. Who cares? would you hesitate to loan me $10,000 at prime if it turns out that $1mill money order I have on my hands can only be made good a month from now instead of today? Of course not!

To: Buoy12 who wrote (360)	5/27/1999 7:11:00 PM
From: Mike Ankley	Read Replies (3) \| Respond to of 594

Michigan Buoy: Another thing that will not change, FOR AT LEAST 4 YEARS is the red ink that will be generated by ABTL: (Click on 'View Forecasts' at following link) earnings.nasdaq-amex.com Consensus EPS: Dec 1999: -$1.69 Dec 2000: -$1.19 Dec 2001: -$0.77 Not only is there no profits anywhere but in the far far distant future, but also they are starting to establish a bad reputation for missing their quarterly EPS numbers. Last quarter they had a negative 20% surprise to the downside - so management is unable to control costs and analysts expectations have so far been way too high: earnings.nasdaq-amex.com No wonder they wanted to pump up the stock price with this information-omitting PR so IPO shares can be unloaded at a better price. I wouldn't want to be holding onto shares for years either waiting for these "eyeballs" to turn into profits. Obviously some of the insiders already agree - Bedrosian and Ellis (founders) have already bailed/dumped 1,600,000 shares: biz.yahoo.com Cheers Mike