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siehe divine.com "During the next decade those enterprises seeking success will be deploying extended enterprise solutions. The size of this opportunity is a compelling argument for divine to build through consolidation a dominant technology company in the extended enterprise space. We believe this opportunity dwarfs the Sales Force Automation and Customer Relationship Management initiatives of the last decade." -- Andrew "Flip" Filipowski, divine Chairman & CEO Monday November 12, 4:29 pm Eastern Time Press Release SOURCE: divine, inc. divine, inc. Reports Results for the Third Quarter 2001 Including Cash Position of $176 Million -- Third quarter revenue grew 250% from the third quarter of 2000 -- Pro forma annual revenue now exceeds $700 million -- Acquired 29 companies in the last year -- Expanded customer base to over 20,000 clients CHICAGO, Nov. 12 /PRNewswire/ -- divine, inc., (Nasdaq: DVIN - news), a premier integrated solutions provider focused on the extended enterprise, today reported results for the quarter ended September 30, 2001, including third quarter consolidated revenues of $48.1 million and $175.8 million in cash, cash equivalents and securities. Within the last year, divine has acquired 29 companies. These include, most recently, publicly traded eshare communications, Open Market, and RoweCom, as well as the European operations of the former marchFIRST GmbH, privately held Synchrony Communications and Fracta Networks, and the asset purchases of Intira and HostOne. divine also recently announced definitive agreements to acquire Eprise Corp., (Nasdaq: EPRS - news), and Data Return Corp., (Nasdaq: DRTN - news). divine`s completed transactions increase the combined organization`s annual revenue base to more than $700 million, on a pro forma basis, and position divine to deliver extended enterprise solutions to a diversified customer base exceeding 20,000 clients, with a focus on Global 5000, high- growth middle market companies, academic and government organizations. According to Software Magazine, divine is ranked among the 100 largest global software / services firms on the basis of annual revenue. Summary of Third Quarter Financial Results (dollars in thousands except share and per share amounts) (unaudited) FOR THE THREE MONTHS ENDED divine, inc. September 30, September 30, 2001 2000 Total Revenues $48,079 $13,693 Total Operating Expenses $137,156 $105,841 Operating Loss $(89,077) $(92,148) Total Non-Cash Expenses $ 43,006 $60,009 Net Loss (excluding preferred/deemed dividends) $(85,807) $(111,533) Net Loss Per Common Share $(0.54) $(1.13) Shares Used in Computing Net Loss Per Common Share 157,644,622 112,678,978 "During the next decade those enterprises seeking success will be deploying extended enterprise solutions. The size of this opportunity is a compelling argument for divine to build through consolidation a dominant technology company in the extended enterprise space. We believe this opportunity dwarfs the Sales Force Automation and Customer Relationship Management initiatives of the last decade." -- Andrew "Flip" Filipowski, divine Chairman & CEO divine provides expertise in collaboration, interaction, and knowledge solutions that enlighten, empower and extend enterprise systems. Through professional services, software services and managed services, divine extends business systems beyond the edge of the enterprise throughout the entire value chain, including suppliers, partners and customers. divine offers single- point accountability for end-to-end solutions that enhance profitability through increased revenue, productivity, and customer loyalty. THIRD QUARTER FINANCIAL RESULTS For the third quarter ended September 30, 2001, divine reported consolidated revenues of $48.1 million. Net loss for the third quarter was $85.8 million or ($0.54) per common share computed on 157.6 million weighted average shares outstanding. This compares with a September 30, 2000 net loss of $111.5 million or ($1.13) per common share computed on 112.7 million weighted average shares outstanding. Excluding non-cash charges and extraordinary gain, the net loss for the third quarter was $54.0 million compared with $51.5 million for the third quarter of 2000. The third quarter 2001 loss included non-cash expenses totaling $43.0 million, comprised of $32.0 million of impairment charges, $4.8 million of amortization of goodwill and other intangibles, $1.2 million of acquired technology, $2.1 million of stock-based compensation expense and $2.9 million of depreciation. At September 30, 2001, divine had a total of approximately $175.8 million in cash, cash equivalents and available-for-sale securities. The decrease from $206.9 million at June 30, 2001 is primarily attributable to the cash used for operations in the third quarter, net of cash received from acquired entities. In addition to divine`s software, services and hosting/managed services business, divine has ownership interests in certain associated companies, consisting principally of early-stage businesses, which comprise its divine interVentures portfolio. The carrying value of the divine interVentures portfolio reflected on divine`s balance sheet at September 30, 2001, is approximately $15.4 million. divine currently has no plans to make further investments in this portfolio. For additional information, please refer to divine`s filings with the SEC. DIVINE MANAGEMENT COMMENTS Strategic Overview - CEO Andrew ``Flip`` Filipowski ``We have acquired 29 companies and are pleased to welcome all our newest team members to the divine family,`` said Andrew ``Flip`` Filipowski, divine Chairman and CEO. ``During the next decade those enterprises seeking success will be deploying extended enterprise solutions. The size of this opportunity is a compelling argument for divine to build through consolidation a dominant technology company in the extended enterprise space. We believe this opportunity dwarfs the Sales Force Automation and Customer Relationship Management initiatives of the last decade.`` Financial Overview - CFO Michael Cullinane ``With $176 million in cash and cash equivalents at September 30, we believe we have adequate resources to fund divine and execute its business plan until we achieve our profitability target in the last half of 2002,`` said divine Chief Financial Officer Michael Cullinane. ``In less than one year, we have built a more than $700 million pro forma revenue base and positioned ourselves to offer a comprehensive range of extended enterprise solutions.`` Services Overview - Ed Szofer, President, divine Professional Services ``We are excited about divine`s international expansion resulting from the acquisition of certain assets of marchFIRST in Germany, now operating as divine GmbH,`` said Ed Szofer, President, divine Professional Services. ``With more than eight years of experience in the Internet space, divine GmbH is among Germany`s ten largest professional services organizations and provides us with new office locations in Hamburg and Munich, as well as a blue chip client base.`` ``During the third quarter, we eliminated over $8 million in quarterly costs by consolidating facilities, negotiating new leases, and reducing headcount. Through the end of the fourth quarter, which is historically a slower period for consulting, we plan to focus on realizing further integration synergies, preserving current revenue streams, and identifying opportunities to extend projects with shorter sales cycles into longer term engagements and business relationships. We are also leveraging sales relationships with existing or prospective clients by joining forces with divine`s acquired entities and strategic business partners to maximize cross- selling opportunities.`` ACQUISITION DEVELOPMENTS The following are summaries of previous announcements: -- In November, divine announced a definitive agreement to acquire Data Return Corporation, (Nasdaq: DRTN - news), in a stock-for-stock merger transaction expected to close in late December or January. Recognized as the Microsoft Windows 2000 Global Hosting Partner of the Year 2000, Data Return specializes in providing high-availability managed hosting services for companies whose applications are based on Microsoft technologies. These services are utilized by many leading enterprises, including Microsoft, Compaq Computer Corporation, RadioShack.com, Texas Instruments, H&R Block and The World Bank. Data Return also provides managed infrastructure services for the rapidly growing market of Application Service Providers (ASPs). Dallas-based Data Return reported $50 million in revenue for the fiscal year ended March 31, 2001. Data Return`s strategic investors and Global Alliance Partners include Microsoft, Compaq Computer Corporation and Level 3 Communications. -- divine`s pending acquisition of Eprise Corporation, (Nasdaq: EPRS - news), expected to close in December, will broaden divine`s content management solution offerings, positioning divine as one of the first companies to address the entire spectrum of content management and delivery needs. Eprise Participant Server(R) offers industry-leading capabilities for putting content contribution and management in the hands of business users and is expected to extend divine`s ability to provide content management solutions that fit any corporate need. Global market distribution of Eprise Participant Server includes Canada, Europe and Asia/Pacific, including both German and Japanese versions. CRN Test Center recently awarded Eprise Participant Server the Editors` Choice award in the review of content management solutions. Based in Framingham, Mass., Eprise has more than 150 employees in regional offices across the U.S., Canada, Germany, and the U.K., and reported $19 million in revenue for the fiscal year ended December 31, 2000. -- In November, divine closed its acquisition of RoweCom, Inc., a leading global provider of sophisticated tools and client services for purchasing and managing the acquisition of magazines, newspapers, journals and e-journals, books and other knowledge resources. RoweCom Library Services, including RoweCom/Faxon Library Services in the U.S. market, is one of the premier organizations serving the corporate and academic library communities. RoweCom`s content offerings and procurement technology comprise key components of divine`s knowledge solution, providing a single source for electronic procurement of published information in hard-copy and digital form. RoweCom reported $348 million in revenue for the fiscal year ended December 31, 2000. Founded in 1994, Westwood, Mass.-based RoweCom has offices in Canada, the U.K., France, Spain, Australia, Taiwan/Hong Kong and Korea, and a regional office in New Jersey. RoweCom`s clients range from academic libraries to Fortune 1000 firms, and could include any enterprise with intensive knowledge requirements and high-volume purchases. -- In October, divine closed its acquisition of eshare communications, Inc., a leading provider of customer interaction management (CIM) solutions. eshare has a 20-year history of developing solutions that help businesses establish and maintain high-quality relationships with their customers through the phone, email and the Web, enabling divine to offer customers the ability to facilitate and enhance relationships across the corporate enterprise. eshare reported 2000 revenues of nearly $84 million and has more than 2,500 customer sites in over 40 countries, including eight of the top ten firms in the Fortune 50. eshare is based in Norcross, Ga. and has offices in New York, Los Angeles, Chicago, Leesburg, Va., and international locations in France and the U.K. -- In October, divine closed its acquisition of Open Market, Inc., a provider of content-driven e-business solutions that enable enterprises to better manage interactions with their site visitors, customers, employees and channels. This acquisition strengthens and expands divine`s enterprise solutions set with Open Market`s award-winning Java(TM)2 Enterprise Edition (J2EE) based content management and delivery platform and applications, enables the seamless integration of divine`s current suite of content-driven e-business applications, and supports the development and deployment of future applications. Burlington, Mass.-based Open Market reported fiscal year 2000 revenue of $89 million, with approximately 40 percent from international sales. Open Market`s solutions are licensed by more than 300 customers in 43 countries. -- In October, divine acquired privately held Synchrony Communications, an innovative customer interaction management suite provider. The acquisition enhances divine`s customer interaction management (CIM) technology offerings with Synchrony`s highly ranked interaction management applications built on a pure net-native framework. In concert with divine`s acquisition of eshare, Synchrony positions divine as a leader in CIM solutions, including inbound and outbound call management. Synchrony`s net-native platform also provides seamless integration with content management and commerce software from companies like Open Market and Eprise. Founded in 1997, Synchrony`s customers include Fortune 1000 firms in financial services, direct-to-consumer and outsourced teleservices markets. Synchrony has offices in Cincinnati, New York, Chicago, San Francisco and Atlanta. -- In October, divine completed its acquisition of certain assets of Intira Corporation and HostOne, positioning divine as a leading provider of facilities-based managed applications services, with annual revenue of more than $30 million anticipated for the division. These acquisitions combine the facilities and processes of Intira with the application management services and expertise of HostOne, and the world-class application development talent of divine`s Professional Services Organization. divine now has data centers in Pleasanton, Calif., and St. Louis and operational facilities in Wash., D.C. and New York. Owning the application infrastructure platform and management of the hosting environment will give divine greater control over the quality and availability of divine`s and others` hosted applications. -- In September, divine acquired certain assets of marchFIRST GmbH iI, which now operate as a wholly owned subsidiary under the name of divine GmbH from offices in Hamburg and Munich. The acquisition expands divine`s global client base and professional services expertise and represents a milestone in divine`s international expansion strategy, particularly in Europe, with full product and service capabilities across France, Germany, Switzerland and the U.K. divine GmbH has nearly 140 professionals and is among the ten largest professional services organizations in Germany, serving blue chip international clients such as Lufthansa, AUDI, the Axel Springer press group, Amgen, IGEPA and Toyota Europe. -- In August, divine acquired certain assets of Fracta Networks, Inc., a provider of personal content management solutions. Founded in March 2000 and based in Austin, Texas, privately held Fracta Networks has developed FractaNet(TM), an application that allows users to easily capture portions of documents, spreadsheets or Web sites. The acquisition of Fracta Networks expands divine`s suite of personal information management tools, which provide a single point of access for an organization`s critical applications, as well as internal and external information. Strategic Alliances and Business Agreements We have valuable alliances with blue chip technology leaders, including BEA, Compaq, Computer Associates, Dell, EMC, HP, IBM, Microsoft, Oracle, SAP, Sun, and many others from our acquired entities. We believe these alliances will provide us with additional revenue opportunities through cross-selling and project expansion among our customers. In August, divine and BEA Systems Inc. signed an agreement for divine to license BEA`s WebLogic application server products for use in a variety of divine`s offerings, including content management from Open Market, customer interaction management from Synchrony Communications and divine`s future enterprise infrastructure components. This agreement is part of a strategic global alliance under which the two companies will engage in collaborative engineering, sales and marketing to address a growing demand for powerful solutions that enable today`s global companies to extend their reach beyond the traditional walls of their enterprise. The alliance expands an already strong relationship between the two companies and allows BEA and divine to deliver pre-packaged technology solutions, collaborate on sales of targeted solutions and jointly invest in global marketing programs. BEA Systems (Nasdaq: BEAS - news) is one of the world`s leading e-business infrastructure software firms, with more than 11,000 customers including the majority of the Fortune Global 500, served through 93 offices in 34 countries. divine`s Value-Added Reseller (VAR) group finalized agreements with Sun Microsystems, Hitachi Data Systems and Veritas during the quarter, joining divine`s existing VAR relationships with Compaq, Dell, EMC, Hewlett Packard, IBM and Oracle. VAR agreements give divine the ability to bring significant additional value to its professional services, software and managed applications sales. divine is working closely with many of its alliance partners, including Computer Associates, to integrate divine`s Enterprise Content Center solution with the partners` portal offerings and jointly market combined solutions. These channel partnerships leverage the return on investment appeal of divine`s solutions and the strengths of our partners` technologies and customer bases. We believe our partners` enthusiastic response to divine`s solutions is a strong validation of their value to our joint customers. divine Solutions, Releases and Recognitions -- divine introduced Financial Markets Insight 2.0 and Investment Banking Insight 2.0 in October and later hosted a demonstration at the Financial Technology Expo in New York. These two Web-based solutions deliver targeted, relevant content and mission-critical applications for the financial services industry. divine`s Insight Business Solutions reduce research time, increase productivity and enable financial services firms to better manage spending on knowledge resources. -- divine previewed Power Insight 2.0 and Upstream Insight 2.0 in October during Power Mart `01 in Houston, prior to their planned release in late November. These targeted solutions for the power industry apply an intelligent, industry-specific framework to the aggregation of premium external content and also integrate critical analytical applications, which enable rapid market and competitive assessments with a single mouse click. divine`s Energy Insight Solutions reduce research time, increase productivity and enable energy industry companies to better manage spending on knowledge resources. -- divine Enterprise Content Center was introduced in October, providing a suite of e-business content management and e-procurement tools to serve intranets, Web sites and enterprise portals, including such essential tools as streaming media and breaking news dissemination. dECC aggregates and integrates relevant external content into a single Web interface, providing everything a company needs to procure, manage and deliver critical business content to users within any portal or intranet while controlling content procurement costs. -- divine was featured at the Gartner Symposium/ITxpo 2001 in October in Orlando, Fla., which showcases leading vendors offering solutions designed to boost enterprise workflow and content management processes. divine Enterprise Content Center was demonstrated as a way for large corporations to gain control of external information and applications and manage them effectively. -- divine Athena 5.4 integrated with divine MindAlign and divine Enterprise Portal. The new divine Athena 5.4 was released for general availability on September 17 with Taylor Woodrow, an international housing, property and construction and engineering group of London, touting its "improved look and feel, and increased usability, providing TW enormous efficiency by eliminating fruitless queries and allowing them to share and re-use the most current, relevant information." -- divine MindAlign 4.1 released in October with improved usability features including: easy file transfer functionality, improved presence awareness interface, enhanced MindAlign Developer`s Kit, Web integration for launching public or private channels from an organization`s portal site or Web-based directory service and Single-Sign-On for Windows authentication, a customer request that enables MindAlign to tie into existing Windows-based Single-Sign-On solutions. -- divine was named one of "100 Companies that Matter" by KMWorld in August. divine and many of its strategic business partners such as Compaq, Computer Associates, Hewlett Packard, IBM, Microsoft, Oracle, SAP, and Siebel Systems were cited as leaders in helping enterprises manage their thinking assets to increase innovation and business velocity. Selected Recent Customer Wins and Project Engagements -- Barclays Capital, the investment banking division of Barclays Bank PLC, signed a multi-year licensing agreement for divine`s Enterprise Content Center (dECC) solution, citing as key reasons dECC`s important cost benefits, as well as its capability to seamlessly integrate into Barclays` own customer relationship management (CRM) system. dECC aggregates and integrates relevant external content into a single Web interface, providing everything a company needs to procure, manage and deliver critical business content to the right user within any portal, intranet, or third-party platform, such as the Barclay`s CRM system. Introduced in October, dECC has rapidly become an important problem- solving tool for information professionals that enables corporations to control and manage information procurement costs. -- Best Buy, the nation`s No. 1 specialty retailer of consumer electronics, personal computers, entertainment software and appliances, selected divine to provide branding and technology services that were instrumental in launching the Best Buy Entertainment Web site, which offers a broad entertainment experience that encompasses music, movies and games. -- Taylor Woodrow, an international housing, property and construction group employing more than 6,000 people world-wide engaged divine to develop a single, centralized system to allow contractors, suppliers and clients with whom they collaborate to share its knowledge base. Through the storage of content on divine Athena, Taylor Woodrow provided its work teams with an intuitive, seamless system that ensures efficient queries and access to relevant information, while not compromising its integrity. -- TotalFinaElf (TFE), one of the world`s top five oil companies, signed a new multi-year $350,000 contract for divine`s Upstream Insight(TM) solution to include TFE`s French Operations. TFE uses Upstream Insight to better organize and manage its subscription-based content and accelerate research on competitors, new technologies and recent oil discoveries. -- UBS Warburg, a leading global financial services firm, signed a new multi-million dollar agreement for MindAlign 4.0, divine`s real-time collaboration and knowledge management solution, which the firm has used since 1998 to help provide vital market information to its traders. MindAlign, which easily integrates with other applications and data systems, improves UBS Warburg`s ability to communicate globally and conduct online business conversations within its own enterprise and with outside clients. UBS Warburg`s MindAlign user base has grown to over 5,000 permanent channels, with thousands of ad hoc or private chat channels. More than 18,000 people log on daily and exchange over 12 million messages per month. THIRD QUARTER INVESTOR CONFERENCE CALL: divine`s third quarter conference call with the investment community is scheduled for 5:00 p.m. ET / 4:00 p.m. CT / 3:00 p.m. MT / 2:00 p.m. PT on Monday, November 12, 2001. To listen to the call live or for a replay of the call, please visit the Investor Relations page at www.divine.com. A live audio broadcast of the call will be available at 952-556-2807 and a replay will be available by calling 703-326-3020, code 5568907. About divine, inc. divine, inc., (Nasdaq: DVIN - news) is focused on extended enterprise solutions. Through professional services, software services and managed services, divine extends business systems beyond the edge of the enterprise throughout the entire value chain, including suppliers, partners and customers. divine offers single-point accountability for end-to-end solutions that enhance profitability through increased revenue, productivity, and customer loyalty. The company provides expertise in collaboration, interaction, and knowledge solutions that enlighten, empower and extend enterprise systems. Founded in 1999, divine focuses on Global 5000 and high-growth middle market firms, government agencies, and educational institutions, and currently serves over 20,000 customers. For more information, visit the company`s Web site at www.divine.com . divine is a component of the Russell 3000® and Russell 2000® indexes of U.S. common stocks and one of 14 companies in Russell`s Web-based software/services industry classification to be added to the Russell indexes for 2001, as well as one of 21 newly-added firms headquartered in Illinois. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The statements contained in this news release that are forward-looking are based on current expectations that are subject to a number of uncertainties and risks, and actual results may differ materially. The uncertainties and risks include, but are not limited to: divine`s ability to consummate its acquisitions of Eprise and Data Return; divine`s ability to successfully implement its acquisition strategy, including its ability to integrate the operations, personnel, products, and technologies of, and address the risks associated with, acquired companies; the overall performance and operating results of acquired companies; divine`s limited operating history and new and evolving business strategy; divine`s ability to expand its customer base and achieve and maintain profitability; divine`s ability to predict revenues from project-based engagements; divine`s ability to execute its integrated Web- based technology, professional services, and managed applications strategy; divine`s ability to develop new products and services and enhance and support existing products and services; divine`s ability to maintain its vendor and strategic partner relationships and retain key employees; increasing competition from other providers of software solutions and professional services; divine`s ability to keep pace with technological developments and industry requirements; divine`s ability to address the risks associated with international operations; divine`s ability to maintain its Nasdaq listing; fluctuations in the trading price and volume of divine`s stock; and other unanticipated events and conditions. For further information about these and other risks, uncertainties, and contingencies, please review the disclosure under the captions ``Risk Factors`` and ``Cautionary Statement Regarding Forward- Looking Statements`` in divine`s Registration Statement on Form S-4 filed with the SEC on October 30, 2001 and as amended from time to time. You should not place undue reliance on these forward-looking statements, which reflect management`s analysis, judgment, belief, or expectation only as of the date hereof. Except as required by federal securities laws, divine undertakes no obligation to publicly revise these forward-looking statements or risks, uncertainties, or contingencies to reflect events or circumstances that arise after the date hereof. Cautionary Statement A PROXY STATEMENT/PROSPECTUS CONTAINED IN A REGISTRATION STATEMENT ON FORM S-4 RELATING TO THE EPRISE MERGER HAS BEEN FILED BY DIVINE AND EPRISE WITH THE SEC AND A PROXY STATEMENT/PROSPECTUS RELATING TO THE DATA RETURN MERGER WILL BE FILED BY DIVINE AND DATA RETURN WITH THE SEC AS SOON AS PRACTICABLE. WHEN FILED, COPIES OF THESE DOCUMENTS AND OTHER RELATED DOCUMENTS MAY BE OBTAINED FREE OF CHARGE ON THE SEC`S WEB SITE (WWW.SEC.GOV), FROM DIVINE AND, AS APPLICABLE, FROM EPRISE OR DATA RETURN. EPRISE AND DATA RETURN INVESTORS SHOULD READ THE APPLICABLE DOCUMENTS CAREFULLY BEFORE MAKING A DECISION ABOUT THE RELEVANT MERGER BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THAT MERGER, DIVINE AND, AS APPLICABLE, EPRISE OR DATA RETURN. DIVINE, INC. AND SUBSIDIARIES Consolidated Statements of Operations (in thousands except share and per share amounts) (unaudited) Three Months Ended Nine Months Ended Sept. 30, Sept. 30, Sept. 30, Sept. 30, 2001 2000 2001 2000 Revenues: Products $3,787 $2,008 $8,703 $4,338 Services 44,292 11,685 110,415 26,662 48,079 13,693 119,118 31,000 Operating expenses: Cost of revenues: Products 1,789 1,453 4,784 2,915 Services 41,462 10,892 92,042 24,157 Selling, general and administrative 58,060 56,172 147,710 138,373 Research and development 7,530 4,000 13,520 8,644 Impairment of investments in consolidated associated companies -- 7,139 3,024 7,139 Impairment of prepaid co- location and bandwidth services 25,000 -- 25,000 -- Acquired technology 1,196 -- 1,196 -- Amortization of stock-based compensation 2,119 26,185 7,672 43,049 Total operating expenses 137,156 105,841 294,948 224,277 Operating loss (89,077) (92,148) (175,830) (193,277) Other income (expense): Interest income 1,725 4,851 7,638 11,077 Interest expense (853) (653) (2,189) (1,975) Other income (expense), net (3,306) (141) 10,120 (125) Total other income (expense) (2,434) 4,057 15,569 8,977 Loss before minority interest, gain (loss) on issuance of stock by associated companies, equity in losses of associated companies, impairment of investment in equity and cost method companies and extraordinary gain (91,511) (88,091) (160,261) (184,300) Minority interest 394 6,192 4,269 14,732 Gain (loss) on issuance of stock by associated companies (141) 2,061 663 4,824 Equity in losses of associated companies (3,000) (25,567) (15,443) (60,229) Impairment of investment in equity and cost method companies (2,763) (6,128) (30,381) (6,128) Net loss before extraordinary gain (97,021) (111,533) (201,153) (231,101) Extraordinary gain 11,214 -- 11,214 -- Net loss (85,807) (111,533) (189,939) (231,101) Accretion of redeemable preferred stock dividends -- (519) -- (8,037) Accretion of preferred stock dividends -- (526) -- (9,070) Deemed dividends -- (14,942) -- (40,756) Net loss applicable to common stockholders $(127,520) $(189,939) $(288,964) $(85,807) Basic and diluted net loss per share before extraordinary gain $(0.61) $(1.13) $(1.38) $(6.43) Extraordinary gain 0.07 -- 0.08 -- Basic and diluted net loss per share applicable to common stockholders $(0.54) $(1.13) $(1.30) $(6.43) Weighted average shares used in computing basic and diluted net loss per share 157,644,622 112,678,978 146,510,593 44,967,132 DIVINE, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (in thousands) (unaudited) September 30, December 31, Assets 2001 2000 Current assets: Cash, cash equivalents and securities $175,768 $267,080 Accounts receivable, net 46,072 7,678 Other current assets 21,865 7,041 Total current assets 243,705 281,799 Goodwill and other intangible assets 43,822 8,621 Ownership interests in associated companies 11,993 65,939 Other assets 63,317 63,822 Total assets $362,837 $420,181 Liabilities and Stockholders` Equity Current liabilities $58,417 $27,571.00 Note payable to marchFIRST due April 2006 57,500 -- Other liabilities 8,084 7,777 Minority interest 6,488 16,950 Stockholders` equity 232,348 367,883 Total liabilities and stockholders` equity $362,837 $420,181 divine and divine interVentures are trademarks of divine inc. All other trademarks, trade names and service marks referenced herein are the properties of their respective companies. SOURCE: divine, inc. 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| aus der Diskussion: | Divine ! Die Aktie der Zukunft. |
| Autor (Datum des Eintrages): | Die Aktie (14.11.01 20:55:20) |
| Beitrag: | 1 von 74 (ID:4884445) |
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