8x8 - Eilmeldung!!! - 500 Beiträge pro Seite

[angeldusty]

Verluste im 3. Quartal halbiert gegenüber der Vorjahresperiode!!

8x8 Announces Third Quarter Fiscal 2000 Results

SANTA CLARA, Calif.--(BUSINESS WIRE)--Jan. 27, 2000--8x8, Inc. (Nasdaq: EGHT), a leading provider of
digital telecommunication solutions, today announced financial results for its third quarter of fiscal 2000, which
ended December 31, 1999.

Total revenues for the third quarter were $6.2 million, compared with $10.1 million for the same period of fiscal
1999. The net loss for the quarter was $2.2 million, or $0.12 per share, compared with a net loss of $3.2 million, or
$0.21 per share for the comparable period of fiscal 1999. Excluding revenues from the Company`s discontinued
consumer videophone business, revenues for the third quarter were $5.9 million, compared with $5.5 million for the
year-ago quarter.

Total revenues for the nine months ended December 31, 1999 were $18.8 million, compared with $26.2 million for
the same period of fiscal 1999. During the nine months ended December 31, 1999, the Company reported other
income from the sale of an equity investment of $1.9 million, and a one-time expense for in-process research and
development of $10.1 million. The net loss for the nine-month period excluding these nonrecurring events was $7.2
million, or $0.41 per share, compared with a net loss of $10.8 million, or $0.73 per share for the comparable period
of fiscal 1999. Including these nonrecurring events, the net loss for the nine-month period was $15.4 million, or
$0.88 per share.

"8x8 is making excellent progress in establishing itself as a product and technology leader in the internet protocol
(IP) telephony industry," said Dr. Paul Voois, chairman and CEO. "During the third quarter the Company achieved
a number of important milestones. First, we expanded our breadth of experience by adding two veterans of the
telecommunications industry to our Board. These new directors have already proven to be strong assets to 8x8. In
addition, we deployed our hosted iPBX solution, including our IntraSwitch(TM) iPBX software and Symphony(TM)
media hubs, in lab trials with several carriers. 8x8`s hosted iPBX solution will allow internet service providers and
competitive local exchange carriers to host telephony applications for small and medium-sized businesses over the
IP network. Our IP telephony OEM products continue to gain market acceptance, as evidenced by our recently
announced development and license agreements with STMicroelectronics."

On December 17, 1999, 8x8 announced the completion of a $7.5 million private placement of subordinated Series A
and B convertible debentures with funds managed by an institutional investor. Robertson Stephens served as
placement agent to the Company for this transaction.

"The capital raised through this transaction enables 8x8 to continue to focus on our research and development
efforts and remain ahead of the technology curve for IP telephony," added Dr. Voois. "Strengthened financial
resources will help the Company execute its vision and emerge as the leader in the IP telephony market."

The Company also announced today that David Stoll has been named chief financial officer (CFO) on a permanent
basis. Stoll, 31, has held the title of acting CFO since August 1999.

"Dave has done an outstanding job as acting CFO both in smoothing out internal processes and securing a stronger
balance sheet," concluded Dr. Voois. "The Board of Directors is very pleased to make this appointment."

8x8 is a leading manufacturer of digital telecommunications technology, including IP telephony software and
semiconductors. By leveraging its technology expertise in audio and video compression and communication
protocols, the Company is providing systems and software to network and telecommunications equipment providers,
Internet service providers and local exchange carriers. For more information, visit our Web site at www.8x8.com.

[angeldusty]

Und dies waren die bisherigen Ertragsschätzungen, die nun für das nächste Jahr nach oben revidiert werden müssen:

Quarterly Earnings Forecasts
Fiscal
Quarter End
Consensus
EPS* Forecast
O Up Down
Dec 1999
-0.25
2
0
0
Mar 2000
-0.23
2
0
0
Auch gegenüber den durchschnittlichen Analystenschätzungen ergab sich eine Halbierung des Verlustes. Im Geschäftsjahr 2000/2001 werden erstmals bedeutende Ergebnisbeiträge aus dem IP- Telephony-Geschäft erwartet.
Die geschäftlichen Kooperationen der letzten Monate bilden ein solides Fundament. Die Übernahme von Aktien strategischer Investoren im Rahmen eines Privat Placements bildet die Grundlage für weitere technologische Entwicklungen.