Cobalt kann´s doch !!! - Record Results for the First Quarter of 2000 - 500 Beiträge pro Seite

[dakinky]

Company Press Release
SOURCE: Cobalt Networks, Inc.

Cobalt Networks Reports Record Results for the First Quarter of 2000

MOUNTAIN VIEW, Calif., April 17 /PRNewswire/ -- Cobalt Networks, Inc. (Nasdaq: COBT - news), a provider of server appliances for Internet Service Providers (ISPs), Application Service Providers (ASPs), and small- to medium-sized businesses reported operating results today for the quarter ended March 31, 2000.

Cobalt recorded net revenues of $12.0 million for the quarter ended March 31, 2000, which represented a 34 percent sequential increase over $9.0 million in the quarter ended December 31, 1999 and a 357 percent year-over-year increase over net revenues of $2.6 million in the quarter ended April 2, 1999. Cobalt had a net loss attributable to holders of common stock of $2.6 million for the quarter ended March 31, 2000, compared with $8.6 million for the quarter ended December 31, 1999 and $5.2 million for the quarter ended April 2, 1999. Cobalt`s basic and diluted net loss per common share was $0.09 for the quarter ended March 31, 2000, compared to $0.50 for the quarter ended December 31, 1999 and $1.62 for the quarter ended April 2, 1999.

Cobalt`s net loss for the quarter ended March 31, 2000 included a non-cash charge of $1.2 million for the amortization of stock compensation. Excluding this charge, Cobalt had an adjusted net loss attributable to holders of common stock of $1.3 million, or $0.05 per share. Cobalt had an adjusted pro forma net loss of $0.12 per share for the quarter ended December 31, 1999 and a net loss of $0.41 per share for the quarter ended April 2, 1999.

``Our revenue growth and increasing business efficiencies are enabling us to pursue our objective of market leadership,`` said Stephen DeWitt, president and CEO, Cobalt Networks, Inc. ``We continue to be very pleased with Cobalt`s execution to plan and the market`s acceptance of our products and strategy.``

On March 23, Cobalt announced a definitive agreement to acquire 100% of the outstanding stock and assume all stock options of privately-held Chili!Soft, Inc. in exchange for 1.15 million shares of Cobalt common stock. The transaction will be accounted for as a purchase. Chili!Soft is a provider of software solutions for platform-independent Active Server Pages, the Microsoft-led standard for the rapid development and deployment of interactive Web applications. Cobalt believes Chili!Soft will broaden the addressable market for Cobalt products by increasing the number of applications that can be deployed on Cobalt`s server appliances.

About Cobalt Networks, Inc.

Cobalt Networks is a developer of server appliances that enable organizations to establish an online presence easily, cost-effectively, and reliably. Cobalt`s product lines -- the Cobalt Qube, Cobalt Cache, Cobalt RaQ, and Cobalt NASRaQ -- are used as Internet and Web hosting server appliances by businesses, Internet Service Providers, and educational institutions. Cobalt`s solutions are delivered through a global network of distributors, value-added resellers and ISPs. Founded in 1996, Cobalt Networks, Inc. (http://www.cobalt.com) is located in Mountain View, California -- the heart of Silicon Valley -- with international offices in Germany, Japan, the United Kingdom, and the Netherlands.

Cobalt Networks, Cobalt Qube, Cobalt Cache, Cobalt RaQ and Cobalt NASRaQ are trademarks of Cobalt Networks, Inc. All other product names are trademarks of their respective owners.

Certain of the statements in this press release, including the statements relating to expectations about the market for Cobalt`s products and suitability of those products for the ISP, ASP and small- to medium-sized businesses, are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Such risks and uncertainties include, but are not limited to, risks associated with sales of the Company`s Cobalt RaQ products. Investors are advised to read Cobalt`s Annual Report on 10K and its other filings with the Securities and Exchange Commission for a further discussion of such risks and uncertainties as well as the other uncertainties and risks Cobalt faces.

Cobalt Networks
Condensed Consolidated Balance Sheet
(in thousands, except share and per share data)

Quarter Ended
31-Mar 31-Dec 02-Apr
2000 1999 1999
Result of Operations

Net Revenues $12,033 $8,965 $2,634
Cost of revenues 6,716 5,432 2,002
Gross Profit 5,317 3,533 632

Operating Expenses
Research and development 1,630 1,676 1,397
Sales and marketing 5,222 4,526 2,753
General and administrative 1,578 1,446 621
Amortization of stock
compensation 1,235 1,461 140
Legal Settlement --- 4,200 ---
Total operating expenses 9,665 13,309 4,911

Loss from operations (4,348) (9,776) (4,279)
Interest income
(expense), net 1,765 1,192 (128)
Net Loss (2,583) (8,584) (4,407)

Accretion of Redeemable
Convertible Preferred Stock --- (47) (799)
Net loss attributable to
holders of Common Stock $(2,583) $(8,631) $(5,206)

Net loss per share - basic
and diluted $(0.09) $(0.50) $(1.62)

Shares used in basic and
diluted per share
calculation 27,464,000 17,130,000 3,206,000

Supplemental Information
Adjusted net loss
attributable to holders of
Common Stock (A) $(1,348) $(2,970) $(4,267)

Impact of charges
(per share) (A)
Amortization of stock
compensation (A) (0.04) (0.09) (0.04)
Litigation settlement (A) --- (0.25) ---
Accretion of Redeemable
Stock (A) --- --- (0.25)

Adjusted net loss per
share - basic and diluted (A) (0.05) (0.17) (1.33)

Pro forma adjusted basic and
diluted net loss per share $(0.05) $(0.12) $(0.41)
attributable to holders of
common stock (B)

Pro forma adjusted weighted
average shares
outstanding (B) 27,464,000 24,744,000 10,477,000

(A) Adjusted net loss and net loss per share excludes charges for the
amortization of stock compensation, litigation settlement, and
accretion of mandatorily redeemable convertible preferred stock.

(B) Pro forma adjusted net loss per share assumes that the conversion of
the outstanding shares of preferred stock into common stock that
occurred upon the closing of the initial public offering occurred upon
the last day of the prior quarter and the common stock issued upon
such conversion was included in shares outstanding for the entirety of
the quarter ended December 31, 1999. Pro forma net loss per share
also excludes charges for the amortization of stock compensation,
litigation settlement, and accretion of mandatorily redeemable
convertible preferred stock.


Cobalt Networks
Condensed Consolidated Balance Sheet
(in thousands)

31-Mar 31-Dec
2000 1999

Assets
Current Assets
Cash and cash equivalents $135,253 $141,777

Account receivable, net of allowance 7,229 6,187
Inventories 682 714
Other current assets 2,787 1,494
Total current assets 145,951 150,172
Property and equipment, net 1,825 1,685
Total assets $147,776 $151,857

Liabilities and shareholders` equity (deficit)

Current Liabilities
Notes payable, current $45 $44
Accounts payable 9,836 15,101
Accrued liabilities 6,913 4,611
Deferred margin on distributor inventory 1,513 1,305
Total current liabilities 18,307 21,061
Notes payable 29 40
Total liabilities 18,336 21,101

Stockholders equity
Preferred Stock --- ---
Common Stock 28 28
Additional paid in capital 174,500 174,462
Unearned stock compensation (5,209) (6,444)
Note receivable from stockholders (456) (450)
Accumulated deficit (39,423) (36,840)
Total stockholders equity 129,440 130,756
Total liabilities and stockholders` equity $147,776 $151,857


SOURCE: Cobalt Networks, Inc.

[Elric6666]

Hallo Dakinky,

Linux ist jetzt deutlich im Aufwertstrend:


Cobalts E-Commerce Appliance


Cobalt Networks, Inc., ein führender Hersteller von Server-Appliances (Server,
die sich einer sehr speziellen Aufgabe widmen), gab gestern die Verfügbarkeit
seiner neuen E-Commerce-Server-Appliance bekannt. In Zusammenarbeit mit
Intershop Communications, dem weltweit führenden Anbieter von
verkäuferseitiger E-Commerce-Software, liefert Cobalt eine vorkonfigurierte
E-Commerce-Lösung für Service Provider und ihre kleinen bis mittleren
Geschäftskunden.

In der Regel verwalten Service Provider viele elektronische Läden auf einem
einzelnen Server. Das Bereitstellen und Unterhalten eines solchen Servers stellt
für den Service Provider einen komplexen und zeitaufwendigen Vorgang dar. Für
die Kunden des Diensteanbieters kann die Leistung und Zuverlässigkeit ihres
eigenen elektronischen Ladens von anderen Verkaufs-Webseiten auf dem
gleichen Server negativ beeinflußt werden. Um diese Schwierigkeiten zu
überwinden haben sowohl die Service Provider als auch ihre Kunden die
wachsende Notwendigkeit erkannt, ihre Angebote auf Server-Lösungen zu
verlagern, die einfach bereitzustellen und zu verwalten sind und einen einfachen
Handel erlauben.

Bislang wurden kleine und mittlere Unternehmen abgeschreckt vom hohen
Aufwand verbunden mit einem eigenen Server, der sich nur den speziellen
Aufgaben dieses einen Kunden widmet. Cobalts Intershop-Commerce-RaQ
verringert diesen Aufwand, indem er ein vorkonfiguriertes System bereitstellt,
dessen Fähigkeiten die bisherigen Lösungen, bei denen sich mehrere Kunden
die Umgebung teilen müssen, übertreffen.

Kürzel: COBT
Kurs: $43,00 (+3,61 %)

Weiter Infos zu Linux unter dem Board LINUX WKN 929398.

Gruß

[_X_]

Hi Cobalt-Fans,
bin zwar mit dieser Aktie dick im Minus, aber bei solchen Meldungen werde ich gleich noch welche kaufen!

auf steigende Kurse
_X_

[Travic]

Auch ich habe ein fettes Minus eingefahren, allerdings schätze ich, dass Cobalt eine Geschichte wie AMD abliefern wird. Erst nach unten rutschen und dann das Feld von hinten aufräumen.

Ein Bulle auf Cobalt

[_X_]

Hi Leute, ich möchte mal wissen warum Cobalt bei solchen Zahlen bei einem Nasdaq Plus von 7% ein Minus von 9 % hinkriegt?
:O
sell on good news ? oder hab ich was verpasst?
_X_