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B R E A K F A S T W I T H T H E F O O L Thursday, October 26, 2000 benjamin.rogers@enron.com _________________________________________________________________ REGISTER TO BECOME A FOOL -- GET FREE STUFF! http://www.fool.com/m.asp?i=169493 _________________________________________________________________ Sponsored By: NDB Apply Now and get $75 in Free Trade Commissions when you open your account with National Discount Brokers / ndb.com. Another way we take you under our wing. http://www.lnksrv.com/m.asp?i=169494 "I'm opposed to millionaires, but it would be dangerous to offer me the position." -- Mark Twain INFOSPACE MAKES MONEY FROM WIRELESS The company reported a tripling in sales and estimate-beating earnings yesterday. By Chris Rugaber Internet content aggregator InfoSpace (Nasdaq: INSP) reported third-quarter financial results after yesterday's market close. The company almost tripled revenues, and posted operating profits of $9.47 million, or $0.03 per share, up from $2.97 million, or $0.01 per share, in last year's third quarter. Analysts expected the company to break even, before acquisition and amortization costs. Including those expenses, InfoSpace lost $48.7 million, or $0.17 per share. Revenues jumped to $57.7 million, from $19.9 million in the year-earlier period, thanks in part to increasing sales to wireless service providers, such as Verizon (NYSE: VZ), Alltel (NYSE: AT), and Cingular Wireless, the partnership between SBC Communications (NYSE: SBC) and BellSouth (NYSE: BLS). InfoSpace enables wireless carriers to provide content and services such as news, maps, and email for their wireless Web offerings. The company reported that it counts 20 wireless carriers worldwide as its customers. http://www.fool.com/m.asp?i=169495 InfoSpace also provides broadband and wireline Internet services, and the company recently expanded its reach with its purchase of website operator Go2Net, which closed during the quarter. "InfoSpace is better positioned than ever to leverage four parallel areas with massive promise: wireless, merchant, broadband, and wireline consumer services," said CEO Arun Sarin in a prepared statement. http://www.fool.com/m.asp?i=169496 After skyrocketing last winter, the company's stock fell almost as swiftly, declining 62% so far this year. Nevertheless, shares rose in overnight trading as high as $24.50, from yesterday's close at $20.31. _________________________________________________________________ NEWS TO GO Just as PlayStation 2 units go on sale in the U.S., Sony Corp. (NYSE: SNE) reported a 57% drop in profits for its fiscal second quarter. Net income was down to 19.8 billion yen ($183 million), from 46.5 billion yen ($430 million) in the year-earlier period. Analysts' estimates were for 26.6 billion yen in profit. Revenue rose only 3.7% to 1.69 trillion yen. Sales of the company's electronic products were strong, and accounted for 80% of sales in the quarter, but were offset by a 17% drop in revenue from game operations and an 18% drop in sales from the music division. Electronic manufacturing services company SCI Systems (NYSE: SCI) announced a 22% increase in sales and a 24% jump in earnings yesterday for its first quarter 2001 (ended September 24). Net income reached $50.5 million, or $0.34 per share, compared to $0.28 in the year-ago period. "Continued telecommunication product diversification and a lower sales concentration in PC finished products led to higher operating margins in the quarter," CEO Gene Sapp noted in a prepared statement. Biotech company Chiron Corp. (Nasdaq: CHIR) reported a 30% jump in third-quarter profits after yesterday's market close. Net income reached $43.1 million, or $0.23 per share, up from $33 million, or $0.17 per share, in the year-earlier period, and ahead of analysts' estimates of $0.17 per share. Sales of the company's vaccines rose 11% to $78 million, while the company's lead drug, Proleukin, brought in $21 million in revenue, compared to $19 million in last year's third quarter. Some analysts expected sales of Proleukin to reach $30 million. The company's shares dropped about $2, or 4%, in after-hours trading. Internet security and name-registration company VeriSign (Nasdaq: VRSN) blew away third-quarter estimates, reporting an operating profit last night (excluding acquisition costs) of $38.4 million, or $0.18 per share, significantly higher than the $0.06 per share analysts expected. Sales leapt to $173.1 million from $22.8 million a year ago. The company benefited from a full quarter of business from newly acquired domain registrar Network Solutions, which VeriSign purchased in June. For more information on VeriSign, check out our Network Security Internet Report. http://www.lnksrv.com/m.asp?i=169497 _________________________________________________________________ EDITORS' PICK Fools get political and debate an important issue for investors -- the candidates positions on what should be done with Social Security. http://www.fool.com/m.asp?i=169498 _______________________________________________________________ -News & Commentary http://www.fool.com/m.asp?i=169499 -Fool Community http://www.fool.com/m.asp?i=169500 -Post of the Day http://www.fool.com/m.asp?i=169501 -Latest Fribble http://www.fool.com/m.asp?i=169502 -Latest Market Numbers http://www.fool.com/m.asp?i=169503 ____________________________________________________________ My Portfolio: http://www.fool.com/m.asp?i=169504 My Discussion Boards: http://www.fool.com/m.asp?i=169505 My Fool: http://www.fool.com/m.asp?i=169506 Fool.com Home: http://www.fool.com/m.asp?i=169507 My E-Mail Settings: http://www.fool.com/m.asp?i=169508 Sponsored By: NDB Apply Now and get $75 in Free Trade Commissions when you open your account with National Discount Brokers / ndb.com. Another way we take you under our wing. http://www.lnksrv.com/m.asp?i=169509 LAST WEEK TO ENROLL! Planning your retirement doesn't get any easier. Don't miss our Roadmap to Retirement online seminar. http://www.fool.com/m.asp?i=169510 TRY THE ALL-CASH DIET Get your spending under control with this report from Soapbox.com. http://www.lnksrv.com/m.asp?i=169511 FOOL DIRECT E-MAIL SERVICES Need to change your address or unsubscribe? You can also temporarily suspend mail delivery. Click here: http://www.fool.com/community/freemail/freemaillogin.asp?email=benjamin.rogers @enron.com< Have ideas about how we can improve the Fool Direct or new e-mail products you'd like to see? Try our discussion board: http://www.fool.com/m.asp?i=169512 ____________________________________________________ © Copyright 2000, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool. MsgId: msg-2737-B10266668Address.msg-09:26:04(10-26-2000) X-Version: mailer-sender-master,v 1.84 X-Version: mailer-sender-daemon,v 1.84 Message-Recipient: benjamin.rogers@enron.com
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