Seems that the MM's are always playing with this stock. Can't wait until the daytraders are "weeded" out, when this thing takes off again this year.
RealNetworks Reports Record Results for First
Quarter, Including Revenue Growth of
Broadband-Ready RealSystem G2 Deployed by Leading Infrastructure
Unique Registered Users of Industry-Leading RealPlayer
Top 115 Million, and Over One Billion Songs
Experienced by Digital Music Consumers in
Listen to the call in RealAudio at 2pm PST April 18,
SEATTLE, April 18, 2000 � RealNetworks�, Inc.(Nasdaq:
RNWK), the recognized leader in media delivery on the
Internet, today announced record results for the quarter
ended March 31, 2000.
Net revenues for the
quarter were $53.5 million, an increase of 120% from
$24.4 million in the first quarter of 1999. The Company
reported pro forma net earnings for the quarter of $8.8
million, or $0.05 per diluted share, compared to a pro
forma net loss of $0.5 million, or $0.00 per share in
the first quarter of 1999.
completed its previously announced acquisition of Netzip,
Inc. during the quarter in exchange for approximately
3.4 million shares of RealNetworks common stock. The
transaction, which was valued at approximately $273 million
and was accounted for using the purchase method of
accounting, resulted in goodwill and related charges of
approximately $27 million in the quarter. Including goodwill
and related acquisition charges, net loss for the
first quarter was $18.8 million, or ($0.12) per share,
compared to a net loss of $1.1 million, or ($0.01) per
share in the year ago period.
AMD REPORTS FIRST QUARTER RESULTS
AMD Selected Corporate Data
-AMD earns a record
$189.3 million, or $1.15 per share, on record quarterly
SUNNYVALE, CA --April 12, 2000-- AMD today reported record
sales of $1,092,029,000 and record net income of
$189,349,000 for the quarter ended April 2, 2000. Net income
amounted to $1.15 per diluted share. The company reported
strong growth in each of its product groups - the
Computation Products Group, the Memory Group, and the
Total revenues grew by 13 percent
over the immediate-prior quarter ended December 26,
1999, and by 73 percent over the like period of 1999.
In the immediate-prior quarter, AMD reported sales
of $968,710,000 and net income of $65,080,000, or
$0.43 per diluted share. In the first quarter of 1999,
AMD reported sales of $631,593,000, and a net loss of
$128,367,000, or $0.88 per share.
"AMD had the best
quarter in its history," said W.J. Sanders III, chairman
and chief executive officer. "Each of our product
groups reported significant growth in the first quarter.
Led by strength in PC processors and Flash memory
sales, sales from AMD's three product groups grew by
more than 13 percent sequentially and by more than 83
percent over the comparable period of 1999.
sales of AMD Athlon� processors increased by 50 percent
to 1.2 million units," Sanders continued. "Total PC
processor revenues grew 14 percent sequentially and by more
than 65 percent over the first quarter of 1999. Total
unit sales, including AMD Athlon and AMD-K6� family
processors, reached a new record at nearly 6.5 million units.
Reflecting a richer PC processor portfolio with the
industry's broadest range of high-performance solutions,
revenues from AMD Athlon processors exceeded revenues from
AMD-K6 family processors."
Earnings are on
This stock has been so over sold it is
There is no possible way that we will be
lower either right before or after
if we don't make estimates, this stock
beaten to a pulp!
There is nowhere to go but
Like many of you have said, the run up should be
before earnings. Well, earnings are 3 business days
Look for a jump soon.
Datek is showing RNWK with 10,136,000 in volume
Can anyone confirm this?
Did someone just buy about 7 million in the last hour??
I think this is a glitch.
What are your guesses of the earnings number.
I think they are expected to post -.24
But that could be wrong
The deal includes such hot Lycos properties as
search engine HotBot, homepage building sites Tripod and
Angelfire, and technology news provider Hotwired.com, as
well as event ticketing specialist ticketmaster.com
and local city guides provider citysearch.com. The
companies involved say that USA/Lycos will reach around 30
million people, or nearly half of all Web users. But the
biggest winner here may very well be Internet venture
capital firm CMGI (Nasdaq: CMGI), which owns about 20% of
Lycos. Check out transcripts of the Fool's StockTalk
interviews with Lycos CEO Davis and CMGI head honcho David
Then he found the Internet.
In its first
Internet venture five years ago, the company created a
Web-based subsidiary called Booklink Technologies. It
quickly attracted attention, and America Online bought it
for $30 million in stock � which Wetherell
subsequently sold for $73 million.
Flush with cash,
Wetherell set up @Ventures, his own venture capital firm to
back Internet startups.
Its strategy was
simple: it would focus only on the Internet, an even
narrower niche than successful tech venture capitalists
like Silicon Valley's Kleiner Perkins Caufield. And it
would create an incubator environment where each
company in the CMGI fold would have access to the brains
and the experience of the others.
a great coach," said Bill White, CMGI's president
of marketing and operations. "He knows how to push
the buttons to make it work very well."
CMGI has invested in more than 30 companies, including
some that analysts think could be as successful as
Lycos or GeoCities. Combined, those companies capture
more than half of the Web's monthly
With the market for Internet-related initial public
offerings ultra-hot, CMGI could spin off as many as a
half-dozen of its investments to the public this year,
potentially including Engage Technologies, a collector of
consumer data, and Planet Direct, a private-label portal,
which is a way for Internet users to navigate the Web
and access information.
CMGI's Net power has
brought the company its own powerful backers � Microsoft,
Intel and Sumitomo � each of which has bought a
minority stake. And it has given CMGI the luxury of
viewing hundreds of business plans each month, rejecting
most of them.
Its reputation has made it the
investor of choice for many startup cyber
"We knew they were our first choice," said Curt
Allen, chief executive of the genealogy site
Ancestry.com, who sold 30% of his company to CMGI for $10
million late last year. "Of all the venture capital firms
that we had talked with, we handpicked these
Bill Martin, a 21-year-old college dropout who with
two friends co-founded Raging Bull, an Internet
message board company, recalled how he got a phone call
last summer from a CMGI exec.
"He said, 'Our
chairman was on the Web site and wants to see a business
plan.' Three days later, I was at Dave Wetherell's house
for dinner, and we cut the deal," Martin said. "Then,
I called the dean and said I wasn't coming back to
The whole discussion, which resulted in CMGI
investing between $1 million and $3 million for half the
rights to Raging Bull, took just a few hours � Wetherell
was in a rush to catch a plane for a West Coast
meeting with former Intel chief Andy Grove, Martin
In fact, the home run investment in GeoCities came
about similarly. A friend had passed on a business plan
for something called Beverly Hills Internet with
18,000 members, and Mills threw it on the stack of
proposals on his desk. Then, two months later, entrepreneur
David Bohnett, now GeoCities' chairman,
"I said, 'I haven't looked at it, and my foot's out
the door right now. Why don't you describe it?" Mills
recalled. "And after 20 seconds, I said, 'Geez, this is
Despite the nonstop predictions that the
Internet sky will soon fall, Mills has a different
"It is easy for people to think short term in such a
hot market, but our view is that we haven't even
gotten off the blade of the hockey stick yet. There is a
lot of running room left," he
Original Publication Date: 02/01/1999
His Net Worth Soars
has the golden touch
By AMY FELDMAN
News Business Writer
avid Wetherell is emerging
as the Warren Buffett of the Internet. The
44-year-old founder of a suburban Boston company called CMGI,
which invests in tiny Internet companies and then sells
shares to the public, is little known outside his
But some of the companies CMGI has picked, including
Net search engine Lycos and Web site group GeoCities,
have become multi-billion-dollar successes, providing
If there was any doubt CMGI was a
player � perhaps the player � in financing Internet
entrepreneurs, that was put to rest last week when Yahoo! agreed
to buy GeoCities in a megabucks deal that will net
CMGI a cool $1 billion for its shares.
a hard choice for us, and somewhat bittersweet,"
said CMGI's Peter Mills, Wetherell's West Coast
partner and the man behind the GeoCities deal. "We think
it could have been a really substantial player in
its own right, and in a lot of ways we would just as
soon seen that happen," he said.
money talks, the financiers at CMGI have no choice but
to listen, and the money has been talking a lot
lately. The stock market value of the New York Stock
Exchange-traded holding company has soared past $5.6 billion � an
increase of 129% in January alone � and an incredible
14-fold the past 12 months.
That makes Wetherell,
who holds a 20% stake in CMGI worth $1.1 billion, one
of America's richest men. In an e-mail, Wetherell �
known to spend long hours online � cited time
constraints in declining to talk with the Daily
But his story is the story of these investment-crazed
times: a man who rode the waves of the Internet and Wall
Street's love affair with cyber-stocks long before they
had caught the public's attention.
been a money machine," said Ken Winston, an analyst at
Needham & Co.
An intense man with a reputation as
a workaholic, Wetherell is the youngest of six
children in a Connecticut farm family. He studied math and
education at Ohio Wesleyan University and planned to become
a teacher � until he discovered his love for
After a couple of false
starts, Wetherell founded the company that became CMGI in
1986 with the purchase of a direct mail company called
College Marketing Group. Wetherell built up that company,
which sold lists of professors and their courses to
textbook publishers, and took it public.
This is from the boston
Among the investors basking in the afterglow of the
Yahoo-GeoCities deal is Andover-based CMGI Inc., which owns about
27 percent of GeoCities. CMGI bought its stake of
less than $6 million in January 1996.
Yesterday, Yahoo stock closed up 31 7/8 at 367 1/4 on the
Nasdaq exchange, making CMGI's investment worth $948
million. ''Now we're the proud owner of just under 3
percent of Yahoo,'' said Bill White, president of CMGI's
Internet business group. White added that CMGI has every
intention of hanging on to its Yahoo shares.