SENSATIONELLE Zahlen bei TALK !!!!!!!! - 500 Beiträge pro Seite

[SuperShare]

SENSATION!!!!

Quelle nasdaq.com

Zahlen bei TALK :

EPS (Q1): 0,10 !!!!!!!!!!

Talk America Announces First Quarter Results; Company Resumes Growth in Local Business in Q1 Increases Guidance for Q2 and Year

RESTON, Va.--(BUSINESS WIRE)--May 7, 2002--Talk America (NASDAQ:TALK), an integrated communications provider, today announced financial results for the first quarter ended March 31, 2002.

Key highlights for the first quarter:

-- Billed bundled lines of 194,000 exceeded guidance of 170-180k
-- Local revenue of $35.5 million is growing and exceeds guidance
-- Gross margins, in line with guidance, at 49.4 percent
-- Reduced G&A expense by 19 percent from Q4
-- EBITDA of $14.8 million, an increase of 16.7 percent from Q4
-- Net income of $8.1 million; Earnings per share of $0.10
-- Increased cash balance to $22.9 million; Decreased accounts
payable by over $10 million
-- Completed comprehensive financial restructuring; Eliminated
liquidity concerns


Total sales for the first quarter 2002 were $79.4 million, compared with $131.8 million, for the first quarter 2001. Gross profit margins, defined as network and line costs divided by sales, for the first quarter of 2002, were 49.4 percent compared with 50.9 percent for the first quarter 2001.

General and administrative expenses for the first quarter of 2002 were $14.6 million, compared with $20.4 million for first quarter 2001. The provision for doubtful accounts for the first quarter 2002 was $4.0 million, compared with $14.7 million for the first quarter 2001. Marketing and advertising expenses for the first quarter of 2002 were $5.9 million, compared with $31.5 million for the first quarter 2001.

The Company reported positive EBITDA, defined as income (loss) from operations excluding depreciation and amortization, interest, impairment and restructuring charges, and other expenses, net for the first quarter 2002, of $14.8 million, compared with $0.5 million for the first quarter of 2001.

Net income for the first quarter of 2002 was $8.1 million, or $0.10 per share, compared with a net loss of $10.1 million, or ($0.13) per share, for the first quarter 2001.

Commenting on the quarter, Gabe Battista, Chairman and CEO of Talk America stated, "The results of this quarter indicate that we have turned the corner, both operationally and financially. Through the efforts of our employees, our aggressive actions and ongoing execution of our business strategy, Talk America is exceeding its business plan. We are experiencing solid growth in our core local bundled services business as well as continued cost savings and operational improvements that we continue to leverage."

Additionally, during the quarter Talk America successfully restructured its outstanding 4 1/2% and 5% convertible note obligations, exchanging over 94% of the current debt due in 2002 and 2004 for longer-term debt now due in 2007. The restructuring was completed in April with the closing of the exchange offers and the issuance of the new securities.

The Company`s operational and financial targets for the second quarter and year-ended 2002 are as follows:


Year end 2002
------------------------------------
Metrics Q2 2002 New Previous
------- ------- --- --------
Billed Local
Lines 215k-225k 290k-310k 250k-270k
Bundled Revenue $37-$40 million $165-$175 million $140-$150 million
Long Distance
Revenue $38-$40 million $135-$145 million $135-$145 million
EBITDA $10-$12 million $35-$45 million $25-$35 million


Effective January 1, 2002, the Company adopted Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets," which establishes the impairment approach rather than amortization for goodwill and indefinite-lived intangible assets.

The impact of SFAS 142 for the quarter ended March 31, 2001, on a pro-forma basis, would have resulted in a reduction of the net loss for the quarter ended March 31, 2001 by $5.4 million for goodwill amortization expense.

Effective January 1, 2002, the Company adopted Emerging Issues Task Force (EITF) 01-09, "Accounting for Consideration Given by a Vendor to a Customer or a Reseller of the Vendor`s Products."

The adoption of this issue resulted in a reclassification of approximately $6.1 million from sales and marketing expenses to net sales for the quarter ended March 31, 2001 attributed to direct marketing promotion check campaigns. The adoption of EITF 01-09 did not have a material effect on the Company`s consolidated financial statements for the quarter ended March 31, 2002.

The Company has potential tax benefits of approximately $263 million of Net Operating Loss Carryforwards ("NOLs") which may allow the company to reduce its federal income taxes in future periods on a dollar for dollar basis.

Certain rules as defined in Section 382 of the Internal Revenue Code could limit the amount available in future periods based on the changes in ownership of the Company`s common stock. Shareholders that own in excess of 4.9% of the common shares outstanding, or 3.9 million shares will impact ownership changes.

Therefore, the Company urges investors to advise Talk America in advance of accumulating a position in excess of this amount. More information regarding the Company`s NOL Carryforwards may be found in its Annual Report on Form 10KA filed with the Securities and Exchange Commission on April 12, 2002.

As previously disclosed by the Company, given that the trading range of the Company`s common stock has been less than $3 per share, the Company expects to receive a notification letter from the NASDAQ on or about May 15, 2002. Upon receipt of the letter, the Company intends to commence the appeal process to preserve its NMS listing.

If the Company is unsuccessful in its appeal, the Company believes it meets the requirements for listing on the NASDAQ Small Cap Market.

The Company will hold a conference call to discuss these results beginning at 5:00 p.m. Eastern Time Tuesday, May 7, 2002. Dial in number for the call is [phone]. International callers should dial (212) 748 - 2778. Individual investors are invited to listen to the conference call over the Internet live at www.talk.com and www.streetevents.com.

To listen to the live call, please go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. In addition, a replay will begin shortly after the call has ended and will be available for the balance of the week.

The replay number to listen to the call is: [phone] (Domestic) or (858) 812 - 6440 (International). Passcode for the replay is 20533360.

ABOUT TALK AMERICA


Talk America is an integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary "real-time" online billing and customer service platform. Talk America has added local service to its offerings, after ten years as a long distance provider.

The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the incumbent local phone companies. For further information, visit the Company online at: www.talk.com.

Please Note: Certain of the statements contained herein may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are identified by the use of forward-looking words or phrases, including, but not limited to, "estimates," "expects," "expected," "anticipates," "anticipated," and "targets". These forward-looking statements are based on the Company`s current expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. Forward-looking statements involve risks and uncertainties and the Company`s actual results could differ materially from the Company`s expectations. In addition to those factors discussed in the foregoing, important factors that could cause such actual results to differ materially include, among others, increased price competition for long distance and local services, failure of the marketing of the bundle of local and long distance services and long distance services under its direct marketing channels and its agreements with its various marketing partners, failure to manage the nonpayment of the Company`s bills to its customers for bundled and long distance services, attrition in the number of end users, failure or difficulties in managing the Company`s operations, including attracting and retaining qualified personnel, failure of the Company to be able to expand its active offering of local bundled services in a greater number of states, failure to provide timely and accurate billing information to customers, failure of the Company to manage its collection management systems and credit controls for customers, interruption in the Company`s network and information systems, failure of the Company to provide adequate customer service, and changes in government policy, regulation and enforcement and adverse judicial interpretations and rulings relating to regulations and enforcement.

For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in its Annual Report on Form 10-K for the year-ended December 31, 2001, as amended by its Form 10-K/A filed April 12, 2002 and Form 10-Q for the quarter ended September 30, 2001 and any subsequent filings. The Company undertakes no obligation to update its forward-looking statements.

--Financial Tables To Follow--



TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)
(Unaudited)

Quarter Ended
----------------------------------
March 31, March 31,
2002 2001
--------- ---------

Sales $ 79,447 $ 131,780
--------- ---------

Costs and expenses:
Network and line costs 40,219 64,705
General and administrative
expenses 14,561 20,445
Provision for doubtful accounts 4,007 14,697
Sales and marketing expenses 5,895 31,454
Depreciation and amortization 4,443 9,214
--------- ---------
Total costs and expenses 69,125 140,515

Operating income (loss) 10,322 (8,735)

Other income (expense):
Interest income 89 523
Interest expense (1,474) (1,584)
Other expense, net (807) (352)
--------- ---------

Income (loss) before provision
for income taxes 8,130 (10,148)

Provision for income taxes -- --
--------- ---------

Net income (loss) $ 8,130 $ (10,148)
========= =========

Income (loss) per share - Basic:

Net income (loss) per share $ 0.10 $ (0.13)
========= =========

Weighted average common shares
outstanding 81,555 78,372
========= =========

Income (loss) per share -
Diluted:

Net income (loss) per share $ 0.10 $ (0.13)
========= =========

Weighted average common and
common equivalent shares
outstanding 81,657 78,372
========= =========




SELECTED BALANCE SHEET HIGHLIGHTS
(Unaudited)
(In thousands)

March 31, December 31,
2002 2001
--------- ------------

Cash and cash equivalents $ 22,895 $ 22,100
Total current assets 48,009 50,698
Goodwill and intangibles, net 29,014 29,672
Total assets 158,418 165,221
Accounts payable 32,749 43,098
Current portion of long-term debt 13,037 14,454
Total current liabilities 73,824 87,273
Long-term debt 150,802 152,370
Stockholders` equity (deficit) (66,208) (74,422)

SOURCE: Talk America Holdings, Inc.



CONTACT: Talk America
Ruth Abeshaus, 215/862-1305
[e-mail]


MfG

SuperShare


PS: Werde gleich meine Erg.-schätzungen anheben. Posting folgt!!

[SuperShare]

Hier meine FRÜHEREN Schätzungen:

Year Q1 Q2 Q3 Q4 Fisc Yr
Ending Mar Jun Sep Dec Annual

2003 0.05 0.07 0.08 0.10 0.30
2002 0.03 0.04 0.05 0.07 0.19

EPS (2001): -0.05
EPS (2002): 0.19
EPS (2003): 0.30


ANGEHOBENE Schätzungen:

Year Q1 Q2 Q3 Q4 Fisc Yr
Ending Mar Jun Sep Dec Annual

2003 k.A.
2002 0.10 0.12 0.13 0.15 0.50

EPS (2001): -0.05
EPS (2002): 0.50
EPS (2003): k.A.


NEUES Kursziel auf Sicht von 6 Monaten: 5$
Derzeitiger Kurs: 1,16$

MfG

SuperShare

[xanda1]

woher kommen diese guten zahlen plötzlich.

TALK ist ja extrem niedrig bewertet.

wenn die zahlen seriös sind, müßte in NY
heute die post abgehen.

[xanda1]

nachbörslich hat sich nicht
viel bewegt.

[SuperShare]

Hallo TALK- Freunde!

Derzeit interessante Auseinandersetzung mit dem Widerstand
bei 1,30$ (s. Thread: TALK - Analyse, Zahlen, Ziele).

Sobald dieser genommen worden ist, ist der Weg zunächst
bis zum Widerstand bei 2$ frei.

MfG

SuperShare

[xanda1]

die Q-zahlen sind wirklich
verblüffend.
trotzdem zieht der kurs "nur"
um (derzeit) 14% an.

bei einem KUV von 0,2 müßte
eigentlich mehr kommen.

irgendwie bin ich skeptisch.

[SuperShare]

Hallo xanda1!

Ich hoffe, Du nimmst es mir nicht übel, aber es freut mich
immer, wenn es noch Leute gibt, die nicht bullish sind.
Wer soll denn sonst noch kaufen?

So billig wie heute in Frankfurt (1,35 EUR!!!) wird es
die Aktie wohl nicht mehr zu kaufen geben. Alles andere
würde mich sehr verwundern!

Derzeitiger Kurs: 1,42$

MfG

SuperShare

[fondsharry]

kann die aktie nicht finden ...danke für tipps

servus

[SuperShare]

Hallo fondsharry!

--> siehe: Thread: "TALK - Analyse, Zahlen, Ziele"
Ebenfalls von mir eröffnet.

Die Aktie hat die WPKN: 900206
Nasdaq- Symbol: TALK

Charts findest Du z.B. unter "www.comdirect.de"
oder auch im o.g. Thread.

MfG

SuperShare

[SuperShare]

Charttechnik Teil 2:
(Teil 1: siehe Thread: "TALK - Analyse, Zahlen, Ziele" )



Analyse:
Die Konsolidierung ist beendet! Der Ausbruch über den Widerstand war erfolgreich! Eine schöne Kerze mit Schluß
über 1,3$. Das visuelle Bild ist wirklich schön; die Proportionen passen!
Die Tageskerzenkonstellation vor dem Ausbruch - einfach schön!
Aber es gibt noch weitere positive Nachrichten zu vermelden.
Im ersten Teil sprach ich bereits die beiden Indikatoren CCI und den MACD an.
Der Oszillator CCI hat inzwischen auf tiefem Niveau wieder nach oben gedreht - Potential ist vorhanden!
Meine Annahme bezüglich der trendfolgenden MACD ist ebenfalls aufgegangen. Der kurze Dreher auf hohem Niveau war
nicht von Dauer und Erfolg gekrönt.
Absolut das gleiche Bild wie zum Ende der Konsolidierung
Mitte April (s.o.) !!!
Ein kurzer Aufsetzer (mittels Hammer!?) auf den jetzigen Support bzw. Test bei 1,3$ ist zwar noch einmal wahrscheinlich, aber ein signifikantes Rebreak doch unwahrscheinlich. Dazu ist das charttechnische Bild zu rund!
Die Botschaft scheint mir eindeutig - m.E. ist der Weg bis 2$ (nächster Widerstand) jetzt frei!

MfG

SuperShare

[xanda1]

leider überzeugt mich die sache nicht.
in NY wird wieder abgegeben.

troztdem viel glück.

[SuperShare]

Hallo xanda1!

Zur Info:

"in NY wird wieder abgegeben."

1. Die Abgaben fanden bei sehr dünnem Umsatz statt
(einige Gewinnmitnahmen).
2. Als der Kurs wieder anstieg, stieg auch der Umsatz an
(werde dazu noch einen Chart im Vergl. zur Nasdaq zum Marktschluß hereinstellen).
3. Inzwischen ist die Aktie schon wieder im Plus
(derzeit bei 1,4$), obwohl die Nasdaq noch deutlich im Minus ist.

MfG

SuperShare

[SuperShare]

Das letzte Wort hat der Markt:



Nasdaq: -2,7%
TALK: +3,6%

Was auffällt: Der Umsatz zieht immer an, sobald der Kurs anzieht.
Nicht gerade das schlechteste Zeichen!
Des weiteren finde ich es besser, wenn eine Aktie langsam,
solide und vom Umsatz getragen anzieht, als wenn es einen kurzfristigen Hype gibt.

MfG

SuperShare

[SuperShare]

Hallo zusammen!

Gleiches Bild wie gestern
(siehe Chart #13, der täglich aktualisiert wird).

Nasdaq derzeit: -1,2%
TALK derzeit: +1,4% (bei 1,45$)

MfG

SuperShare

[SuperShare]

Hallo TALK- Freunde!

Es geht weiter:

Nasdaq derzeit: -2,3%
TALK derzeit: +10,5% (bei 1,58$)

Werde demnächst mal Umsatz- und Kursentwicklung genauer analysieren. Mir drängt sich der Verdacht auf, daß
ein "Großer" kauft...dann kann man 1+1 zusammenzählen...Kaufempfehlung eines US- Brokerhauses
in der nächsten oder übernächsten Woche?

MfG

SuperShare

[SuperShare]

Endstand:

Nasdaq: -3,0%
TALK: +11,87% (1,5997$)

Schönes Wochenende!

MfG

SuperShare

[xanda1]

gratulation, bisher liegst du
richtig.

die zahlen sind aber derartig überaschend,
dass ich vorsichtig wäre und die reißleine
immer in der hand hätte.

[SuperShare]

Hallo TALK- Freunde!

Die Woche scheint so gut anzufangen, wie die letzte Woche
beendet wurde. Schon 1,62$ bG.
Ein gewisser Fußballer würde jetzt wohl sagen:
"Vom feeling her habe ich ein gutes Gefühl!"

MfG

SuperShare

[SuperShare]

Here we go:

Nasdaq: +3,23%
TALK: +10,02% (1,76$)

MfG

SuperShare

[xanda1]

in usa heute wieder im plus.
das läuft wirklich bestens.

ich frage mich aber noch
immer, wie das Q-ergebnis derartig
umgedreht werden konnte.

[feeli]

ganz einfach intelligentere Werbung
die kostenstruktur war schon immer gut

[eurofuchser]

Huch ich habe gerade gesehen, dass ich die ja noch massenhaft im Depot habe. Ich hatte die damals nur deshalb nicht verkauft, weil die nichts mehr wert waren und ich die Bankgebühren sparen wollte. Offensichtlich jetzt ein Glücksfall!

[SuperShare]

@eurofuchser

Da kann man mal sehen, daß man mit Alzheimer noch Geld verdienen kann.

@all

Das erste Kursziel von 2$ ist jetzt schon erreicht worden.
Aufgrund der Dynamik ist es durchaus möglich, daß die Aktie
noch bis zum nächsten Widerstand bei 2,5$ weiterläuft.
Dort dürfte es erst einmal eine Konsolidierung geben.
Die wird auch mal fällig.
Mein Kursziel auf Sicht der nächsten 6 Monate
mit 5$ bleibt weiterhin bestehen.

MfG

SuperShare

[ow36]

Es ist einfach unglaublich, als ich vor einigen Monaten versuchte mit euch über Talk ein Forum zu machen, waren meine Posting eigentlich die einzigsten. Ich hatte also still und einsam gekauft und gekauft, bis ein schönen Paket von einigen Stückchen zusammen waren. Bis jetzt sind es fast + 350%, ich denke wir werden recht bald die 3 und dann die 5 € sehen. Mein Kursziel vom letzten Jahr waren 9 €, ich gebe zu das ist recht hoch, aber bitte bedenkt das talk von über € 17 runter kam. Wenn die Entwicklung und die Umstrukturierungsmaßnahmen sowie die Neuorientierung erst richtig in Fahrt kommen, werden wir noch schöne Zahlen sehen. Also ich freue mich, dass nun viele wieder bei Talk sind, aber seltsam ist es schon, wenn man auf den fahrenden Zug aufspringen muß :-)

[aimster]

hm
nunja, da kann man feeli etc aber v.a. supershare nur gratulieren
guter tip wäre das gewesen !! habe seit monaten zugeschaut, einmal 10% mitgenommen des wars

was meint ihr bei jetzigem stand v TALK ?

marktkapitalisierung akt 167mio$
im 1.Q o2 wurden 79mio$ umgesetzt--->KUV äußerst gering

cash bestand 22mio$ etwas wenig oder ? (bei 150mio$ schulden)
komisch wie die so gute zahlen hergekriegt ahbe auf einmal....glaubt keiner das die etwas offensiv bilanziert haben ???

[SuperShare]

Hallo!

@aimster

Zunächst vielen Dank!
Die Verbindlichkeitenstruktur ist i.O. .
Wirf doch mal einen Blick auf die letzte K10 Veröffentlichung bei "nasdaq.com" --> News: "TALK"
Dort ist die genaue Finanzstruktur.

@ow36

"Ich hatte also still und einsam gekauft und gekauft, bis ein schönen Paket von einigen Stückchen zusammen waren. Bis jetzt sind es fast + 350%..."

Merkwürdig! Habe mir mal angesehen, wann Du gepostet hast.
Anfang 2001 zum ersten Mal; am 01.05.2001 zum letzten Mal einen Thread zu TALK eröffnet.
Der Kurs war in der Zeit zwischen 1,00 und 2,70 EUR.

Frage: Wie kommst Du so auf "..fast +350%" ??

Sehr seltsam...schau mal auf den Chart der Zeit:



MfG

SuperShare

PS: Damit wir uns nicht falsch verstehen: Ich gönne Dir
selbstverständlich jeden Cent! Aber bitte bei der Wahrheit bleiben!

[SuperShare]

@aimster

Quelle: nasdaq.com

"TALK AMERICA files Form 10-Q, Quarterly Report of Financial Condition"

Contractual obligations of the Company as of March 31, 2002, as adjusted to reflect the exchange offers for the Company`s 4 1/2% and 5% Notes as though the exchanges had occurred on such date, are summarized as follows (in thousands):



1 year or 2 - 3 4 - 5
Contractual Obligations Total less Years Years Thereafter
----------------------------------------- ------------ ---------- --------- -------- ---------
Talk America Holdings, Inc.:
----------------------------
4 1/2% Notes due 2002 (2) $ 3,910 $ 3,910 $ -- $ -- $ --
5% Notes due 2004 (2) 670 -- 670 -- --
8% Convertible Notes due 2011 (1) 65,159 1,707 2,911 3,151 57,390
12% Notes due 2007 (2) 70,653 -- -- -- 70,653
8% Notes due 2007 (2)(3) 4,234 -- -- -- 4,234

Talk America Inc. and other subsidiaries:
------------------------------------------
Senior Credit Facility 16,250 5,000 10,000 1,250 --
Capital Lease Obligations 700 627 73 -- --
Other Long-Term Obligations 1,793 1,793 -- -- --
------------ ---------- --------- -------- ---------
Total Contractual Debt Obligations $ 163,369 $13,037 $13,654 $4,401 $132,277
============ ========== ========= ======== =========



Cash-Flow:




TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(IN THOUSANDS)
(UNAUDITED)


THREE MONTHS ENDED
MARCH 31,
-------------------------
2002 2001
---------- ----------
Cash flows from operating activities:
Net income (loss) $ 8,130 $(10,148)

Reconciliation of net income (loss) to net cash provided by (used in)
operating activities:
Provision for doubtful accounts 4,007 14,697
Depreciation and amortization 4,443 9,214
Loss on sale and retirement of assets 205 116
Other non-cash charges 84 --
Changes in assets and liabilities:
Accounts receivable, trade (582) (22,195)
Prepaid expenses and other current assets 192 172
Other assets 120 212
Accounts payable and accrued expenses (10,349) (8,356)
Deferred revenue (1,655) (1,863)
Sales, use and excise taxes (710) (462)
Other liabilities 682 1,658
---------- --------
Net cash provided by (used in) operating activities 4,567 (16,955)
---------- --------

Cash flows from investing activities:
Capital expenditures (737) (1,151)
Acquisition of intangibles (50) (4)
---------- --------
Net cash used in investing activities (787) (1,155)
---------- --------

Cash flows from financing activities:
Payments of borrowings (2,985) (10)
---------- --------
Net cash used in financing activities (2,985) (10)
---------- --------

Net increase (decrease) in cash and cash equivalents 795 (18,120)
Cash and cash equivalents, beginning of period 22,100 40,604
---------- --------
Cash and cash equivalents, end of period $ 22,895 $ 22,484
========== ========


See accompanying notes to consolidated financial statements.



MfG

SuperShare

[xanda1]

AOL dürfte der größte einzelaktionär von
TALK sein.
wenn ich richtig verstehe, dann wurde mit dieser
vereinbarung ein $36 mio kredit in 3,1 mio aktien
getauscht. das würde einen kurs von 36mio/3.1mio
= $11,6 / aktie bedeuten.

aus der pressemitteilung 2001

......
As part of the agreement, America Online has converted Talk America`s $54 million ``make-whole`` obligation into 8% 10-year senior secured convertible debt. The debt is convertible at AOL`s option into 10.8 million shares of Talk America common stock. Talk America may elect to pay 50% of the interest in kind. In addition, America Online has converted the $36 million Talk America warrant obligation to America Online into 3.1 million additional shares of Talk America common stock, after which America Online will hold an aggregate of 7.2 million shares of Talk America common stock or approximately 8.8%.

In addition, Talk America and America Online have agreed to discontinue their marketing relationship, effective October 1. Under this marketing relationship, Talk America provided telecommunications services under the AOL brand through June 2001. In connection with that termination, America Online has agreed to reduce the principal amount of the convertible debt by $20 million to $34 million. In addition, Talk America has agreed to pay America Online $6 million, in two installments, for the balance of the marketing provided under the agreement.

``We are pleased that America Online has worked with us to facilitate this transaction,`` said Gabe Battista, Chairman and CEO of Talk America. ``The financial restructuring provides us with a strengthened capital structure as we implement our strategy of marketing bundled local and long distance services using the Talk America brand. With our focus on selling the `bundle` we will be able to concentrate our marketing dollars to acquire new customers within our targeted markets.``

[OhneMandeln]

@ aimster

Deine Frage "komisch, wo die auf einmal die guten Zahlen her haben..." ist einigermassen leicht zu beantworten.
Die guten Zahlen kamen nicht auf einmal, sondern sind u.a. das Resultat einer Entscheidung, die vor knapp einem Jahr von der Geschäftsleitung getroffen wurde.
Vor dieser Entscheidung galt für talk soviele wie möglich neue Kunden zu werben. Dies versuchte man mit Hilfe von 50 $ Gutscheinen. Das Ergebnis war oftmals, dass neue Kunden die 50 $ vertelefoniert haben und anschliessend nicht bezahlt haben.
Das ganze letzte Jahr über konnte man bei talk in den Geschäftsberichten zwar stolz über enorme Zuwächse von billed bundle lines sprechen, hatte aber gleichzeitig in jedem Quartal riesige Abschreibungen für nicht bezahlte Rechnungen.
Also hat man letztes Jahr beschlossen, dass nicht mehr der Zuwachs an Kunden, sondern das Halten der bezahlenden Kunden und die Restrukturierung der Schuldensituation wichtiger ist. Als Battista das angekündigt hat und gleichzeitig erwähnte, dass dadurch sogar der Zuwachs an Kunden nicht nur stagniert, sondern sogar zurück gehen wird, da haben viele (in den US-Boards) schon das Ende von talk gesehen.
Was folgte war die die Abstrafung auf bis zu 0,30 US Cent. Alles wartete gespannt auf die 1 Q Zahlen und siehe da, die Rechnung ist aufgegangen, es waren weniger Kunden, aber auch weniger Schulden und noch besser, es gab seit langem mal wieder ein positives EPS.
Also, dass nur mal in Kurzform zu deiner Frage. Ich hoffe, ich konnte etwas bei der aufklärung helfen.
Gruss
OhneMandeln

[OhneMandeln]

Hallo Ihr,

hier etwas was jeden freuen sollte, der talk schon im Depot hat. Jeder der die Aktie noch nicht hat, sollte das erst recht ganz genau lesen und mit dem Einstieg nicht mehr allzu lange warten. Nur meine Meinung.
Gruss
OhneMandeln

Talk America (ticker: TALK, exchange: NASDAQ) News Release - 6/6/2002

Talk America Raises Guidance for Q2 Financial Results; Company Expects to Exceed
Local Line Count and EBITDA Guidance

RESTON, Va., Jun 6, 2002 (BUSINESS WIRE) -- Talk America (NASDAQ:TALK), an integrated communications
provider, said today it is increasing guidance for the second quarter 2002.

Based on preliminary financial results, the Company is increasing guidance for billed local lines for the second quarter from
its previously announced estimate of 215,000 - 225,000 lines to 230,000 - 240,000. Additionally, it expects bundled revenues
for the second quarter to be at the high-end of the previously announced range of $37 - $40 million.

Total revenues are also expected to be at the high end of the $75 - $80 million range. Previously announced EBITDA
guidance for the quarter of $10 - $12 million is being increased to $12 to $14 million. The Company will provide increased
guidance for the balance of the calendar year on the second quarter earnings call.

[OhneMandeln]

Hi,

während ich das hier grade schreibe, steht talk in den USA auf 2,18 $, das entspricht 2,30 €. Schlusskurs bei uns 2,11 €, mal sehen, wo der Schlusskurs in den USA heute liegt.
Zumindest hat die Erhöhung der Gewinnschätzung von talk, die ich kurz vor US-Börsengewinn hier gepostet habe für ein echtes Kursfeuerwerk gesorgt. In Amiland wurdn bisher bereits knapp 1,8 Millionen Aktien umgesetzt, mehr als das Dreifache des "normalen" täglichen Durchschnittsvolumen (unser Volumen ist leider noch sehr mäßig, daher habe ich talk sowohl hier, als auch in den USA gekauft). Und es sind noch 1,5 Stunden bis Börsenschluss.
Nach einem EPS von 0,10 $ im ersten Quartal, gehe ich nun von einem EPS von 0,11 $ für das 2. Quartal aus. Obwohl in den US-Boards weitaus höhere Ziele diskutiert werden, schätze ich, dass wir sehr bald die 3$ Marke sehen werden (kann sein, dass es dort etwas rauf und runter geht, bis die 2.Q-Zahlen veröffentlicht werden), danach gehe ich von zwischen 4-5 $ für das Jahresende aus.
Ich lasse mich gerne an dieser Aussage später messen und handel (sprich kaufe) danach, aber denkt dran, dass ist meine Meinung. Ich bin keiner von den selbsternannten Börsengurus, deshalb macht euch immer auch selber schlau.
Übrigens, die 3 $ Marke würde auch bedeuten das talk an der NASDAQ bleibt (wer mehr darüber wissen möchte, muss fragen). Kaufman Bros. hat das talk Ziel für das Jahresende soeben von 4 auf 6 $ erhöht. Ebenfalls noch interessant sollte der Fakt sein, dass noch knapp 2 Millionen talk Aktien in den USA momentan geshortet sind. Die Shorts bekommen jetzt sicher kalte Füsse und werden sich schnell eindecken (vielleicht ist ja ein Teil des heutigen Volumens schon darauf zurück zu führen).

Auf jeden Fall, allen schöne, nein, luktraktive Geschäfte. Wäre schön, wenn die Leute, die das Lesen (heute 40 mal gelesen worden, da muss doch jemand sein? Hallo...?) sich auch mal zu Wort melden.
Bis morgen!

[StanLaurel_i]

Ich wollte mich für den guten Tipp "Talk" bedanken. Ich habe gestern und heute gut eingekauft.
Weiß jedoch nicht, ob ich jetzt nicht besser verkaufen würde? Ich mache mit Sicherheit den Fehler, den ich meistens mache und verkaufe erst später mit Verlust! Wie ist eure Meinung? Geht es weiter hoch oder runter?

mfg

Stan Laurel

[OhneMandeln]

Hallo StanLaurel,
wann du verkaufst, kannst nur du selbst bestimmen. Das Problem mit dem "richtigen" Zeitpunkt kennen wir sicher alle.
Die Frage mit dem Verkauf ist auch etwas abhängig davon wo du gekauft hast, weil in Deutschland das Volumen so klein ist im Vergleich zu den USA. D.h. in Deutschland muss man wohl etwas früher aussteigen als in den USA, weil weniger Käufer da sind.
Hier ein paar "Hilfen" für deine Frage nach dem wann.
1. Sofern die nächsten Quartalszahlen mindestens den Erwartungen entsprechen, nicht vor Jahresende verkaufen. Warum? Das letzte Quartal bei Talk ist immer das stärkste.
2. Wenn Punkt 1 zutrifft, dann sehen wir schnell meine geschätzten 4 - 5 $, was immerhin 4,24 - 5,30 € entspricht, warum dann schon bei 3 € verkaufen?
3. Kaufman Bros. schätzen Talk zum Jahresende sogar auf 6$.

4. Talk ist seit gestern in die vorläufige Russell 3000 Index Liste aufgenommen worden. Vorläufig weil die erst zum 01.07.02 gültig wird. Kannst du hier www.russell.com/us/indexes/us/membership/recon_additions.asp nachschauen.
5. Wenn Punkt 4 zum 1.7. offiziell wird, dann gibt es erneuten Kaufdrang bei Talk, weil viele Fonds Russell 3000 orientiert arbeiten.
6. Ich glaube (heißt bekanntlich nicht wissen), dass alleine diese Meldung am Montag für ein weiteres plus in den USA sorgen wird, sprich wir ziehen nach.
7. Alle Schätzungen (auch meine Kursziele) basieren auf den Prognosen die von talk zum Jahresbeginn selbst ausgegeben wurden. Das die sehr konservativ waren, sieht man an der Tatsache, dass die 1. Schätzung im Ergebniss weit übertroffen wurde und jetzt von talk die Schätzung für das 2.Q schon wieder angehoben wurde. Daraufhin hat Kaufman ja den Wert schon auf 6 raufgestuft, aber die Aufnahme im Russell 3000 beinhaltet das noch nicht.
Es könnte also sein, dass ich meine Schätzung auch anheben "muss" (bin ja kein Guru) und das die 6 $ da nicht ausreichen. Aber talk war schon mal eine 20 $ Aktie.


So, vielleicht kannst du diese Infos bei deiner Entscheidung verwenden. Lass es mich / uns wissen. Ich gehe jetzt mal ins Wochenende.
Schöne Grüsse auch an Oliver Hardy. Lol.

[OhneMandeln]

Hallo StanLaurel,
wann du verkaufst, kannst nur du selbst bestimmen. Das Problem mit dem "richtigen" Zeitpunkt kennen wir sicher alle.
Die Frage mit dem Verkauf ist auch etwas abhängig davon wo du gekauft hast, weil in Deutschland das Volumen so klein ist im Vergleich zu den USA. D.h. in Deutschland muss man wohl etwas früher aussteigen als in den USA, weil weniger Käufer da sind.
Hier ein paar "Hilfen" für deine Frage nach dem wann.
1. Sofern die nächsten Quartalszahlen mindestens den Erwartungen entsprechen, nicht vor Jahresende verkaufen. Warum? Das letzte Quartal bei Talk ist immer das stärkste.
2. Wenn Punkt 1 zutrifft, dann sehen wir schnell meine geschätzten 4 - 5 $, was immerhin 4,24 - 5,30 € entspricht, warum dann schon bei 3 € verkaufen?
3. Kaufman Bros. schätzen Talk zum Jahresende sogar auf 6$.

4. Talk ist seit gestern in die vorläufige Russell 3000 Index Liste aufgenommen worden. Vorläufig weil die erst zum 01.07.02 gültig wird. Kannst du hier www.russell.com/us/indexes/us/membership/recon_additions.asp nachschauen.
5. Wenn Punkt 4 zum 1.7. offiziell wird, dann gibt es erneuten Kaufdrang bei Talk, weil viele Fonds Russell 3000 orientiert arbeiten.
6. Ich glaube (heißt bekanntlich nicht wissen), dass alleine diese Meldung am Montag für ein weiteres plus in den USA sorgen wird, sprich wir ziehen nach.
7. Alle Schätzungen (auch meine Kursziele) basieren auf den Prognosen die von talk zum Jahresbeginn selbst ausgegeben wurden. Das die sehr konservativ waren, sieht man an der Tatsache, dass die 1. Schätzung im Ergebniss weit übertroffen wurde und jetzt von talk die Schätzung für das 2.Q schon wieder angehoben wurde. Daraufhin hat Kaufman ja den Wert schon auf 6 raufgestuft, aber die Aufnahme im Russell 3000 beinhaltet das noch nicht.
Es könnte also sein, dass ich meine Schätzung auch anheben "muss" (bin ja kein Guru) und das die 6 $ da nicht ausreichen. Aber talk war schon mal eine 20 $ Aktie.


So, vielleicht kannst du diese Infos bei deiner Entscheidung verwenden. Lass es mich / uns wissen. Ich gehe jetzt mal ins Wochenende.
Schöne Grüsse auch an Oliver Hardy. Lol.

[ow36]

General and administrative expenses for the first quarter of 2002 were $14.6 million, compared with $20.4 million for first quarter 2001. The provision for doubtful accounts for the first quarter 2002 was $4.0 million, compared with $14.7 million for the first quarter 2001. Marketing and advertising expenses for the first quarter of 2002 were $5.9 million, compared with $31.5 million for the first quarter 2001.

The Company reported positive EBITDA, defined as income (loss) from operations excluding depreciation and amortization, interest, impairment and restructuring charges, and other expenses, net for the first quarter 2002, of $14.8 million, compared with $0.5 million for the first quarter of 2001.

Net income for the first quarter of 2002 was $8.1 million, or $0.10 per share, compared with a net loss of $10.1 million, or ($0.13) per share, for the first quarter 2001.

Commenting on the quarter, Gabe Battista, Chairman and CEO of Talk America stated, "The results of this quarter indicate that we have turned the corner, both operationally and financially. Through the efforts of our employees, our aggressive actions and ongoing execution of our business strategy, Talk America is exceeding its business plan. We are experiencing solid growth in our core local bundled services business as well as continued cost savings and operational improvements that we continue to leverage."

Additionally, during the quarter Talk America successfully restructured its outstanding 4½% and 5% convertible note obligations, exchanging over 94% of the current debt due in 2002 and 2004 for longer-term debt now due in 2007. The restructuring was completed in April with the closing of the exchange offers and the issuance of the new securities.

The Company`s operational and financial targets for the second quarter and year-ended 2002 are as follows:


Year end 2002
------------------------------------
Metrics Q2 2002 New Previous
------- ------- --- --------
Billed Local
Lines 215k-225k 290k-310k 250k-270k
Bundled Revenue $37-$40 million $165-$175 million $140-$150 million
Long Distance
Revenue $38-$40 million $135-$145 million $135-$145 million
EBITDA $10-$12 million $35-$45 million $25-$35 million

[StanLaurel_i]

Vielen Dank für eure Antworten! Ich bleibe erstmal drin, wobei ich unter 2,50 $ die Hälfte verkaufe. Wißt ihr, wann die nächsten Zahlen herauskommen?

mfG

Stan

[OhneMandeln]

Einen Termin für die 2-Q Zahlen gibt es noch nicht, aber da das 1-Q am 07.05. veröffentlicht wurde, gehe ich von der 1. Woche im August aus.

[OhneMandeln]

Na das war ja gestern ein heisser Ritt von talk in den USA. Der Realtime Kurs ist da gehüpft, wie ein wildes Pferd, mal 10 Cent rauf dann wieder runter usw. Da keine Aktie immer nur nach oben geht, sehe ich das als völlig normal an. Nach einer Woche stetigem Auf jetzt gestern ein Ab. Ich behaupte, dass das jetzt zwar noch ein oder zwei Tage so leicht runter bzw. stillsteht, aber das Ziel ist klar, die Aktie wird die 3 $ Marke knacken. Ich behaupte, dass wir spätestens Ende der 1. Juli Woche die 3 $ überschritten habenund schon auf dem Weg zu 4 $ sind.
Also, macht euch bereit und nutzt die Kaufgelegenheiten. Heute in 3 Wochen werden wir sehen, wieviel meine Prognose wert war. Aber das ist ja das spannende an der Börse, dass man vorher nicht weiss was man kriegt.

[OhneMandeln]

Hi Leute,
Talk hat gestern wieder einen guten Tag gehabt. Schlusskurs USA 2.87 $ was einem plus von 15 Cent oder 5,51% entspricht. Tageshoch lag bei 2,95$ und das Tief bei 2,65$. Nachbörslich wurde nur ein einziger Handel mit 4.900 Aktien zu 2,50$ getätigt.
Ihr seht, es ist immer noch recht holprig, aber der Kurs will durch die 3 $ Marke.
Das gestrige plus führe ich auf die Meldung zurück, dass Talk sich in einem anstehenden Gerichtstermin (der Staat Florida gegen Talk) bereits geeinigt hat. Es gingen vorher Summen von bis zu 7 Millionen $ duch den Raum und jetzt brauch Talk lediglich 240.000 $ zahlen. Ist sicher angenehmer.
Für mich ist der Schlusskurs heute USA besonders interessant, da ich die ganze nächste Woche (zumindest bis Freitag) unterwegs bin und wohl nur sporadisch mal einen Blick riskieren kann. Also, wenn nächste Woche etwas interessantes passiert, dann stellt das ruhig hier rein, damit ich das nicht verpasse.
Bis denne.

[SuperShare]

Hallo zusammen!

Deutschland im WM- Finale, TALK bei 3,5$....
das Leben kann so schön sein!

Viel Spaß noch mit TALK!

MfG

SuperShare

[ow36]

A+ rating on acc/dis for TALK

[feeli]

Südkorea im Finale und TALK bei 7 USD wäre mir lieber.

[feeli]

am 6.8.02 5:00pm kommen die Zahlen fürs Q2

charttechnisch wurde die überkaufte situation abgebaut
jetzt wäre wieder wunderschön platz für einen run nach oben

gruß
feeli

[SuperShare]

Noch 2 Stunden bis zu den nächsten Zahlen.

Bin sehr gespannt! Rechne mit 0,36 - 0,38 USD/Aktie für das Q III.

MfG

SuperShare

[SuperShare]

Talk America Announces Third Quarter Results; Sequential Bundled Revenue Growth of 13.1% Fuels Top Line Increase; EBITDA of $20.4 million
RESTON, Va.--(BUSINESS WIRE)--Nov. 5, 2002--


Fourth Consecutive Quarter of Profitability and Earnings; Announces 2003 Financial Guidance

Talk America (NASDAQ:TALKD), an integrated communications provider, today announced financial results for the third quarter ended September 30, 2002.

Commenting on the quarter, Gabe Battista, Chairman and Chief Executive Officer of Talk America stated, "We are extremely pleased with our results for the third quarter. Our financials demonstrate the strength of our core local business and the continued hard work of all our employees in achieving our goals. We exceeded our guidance for the third quarter and raised our EBITDA guidance for the year."

Key operational highlights for the third quarter:

-- Total revenue of $79.1 million, an increase of 1.9% from Q2
2002

-- Local revenue of $44.5 million, an increase of 13.1 % from Q2
2002

-- Billed bundled lines of 276,000, an increase of 13.1% from Q2
2002

-- EBITDA of $20.4 million, an increase of 22.2% from Q2 2002

-- Net income of $13.4 million, an increase of 42.1% from Q2 2002

-- Earnings per share of $0.45

-- Cash balance of $41.1 million, an increase of $10.4 million
from Q2 2002

-- Completed a 1-for-3 reverse stock split


Mr. Battista continued, "I am pleased to report that we resumed top line growth during the third quarter. The growth in total revenues was driven by our success in growing our bundled business, both in terms of new lines added and reduced turnover of existing customers. We continue to gain share in Michigan, with over 150,000 bundled lines, and have traction in other states with enormous market potential. Looking to the fourth quarter of 2002 and ahead into 2003, we will keep our focus on the growth in bundled net lines."

Commenting on the regulatory environment, Mr. Battista added, "We have been actively involved in the FCC`s triennial review of competition for local phone service. We believe that the federal and state regulators will continue to support competition for local consumer phone service. We, along with other UNE-P providers, have filed with the FCC our comments and a proposal to address our viewpoint concerning the UNE platform as a necessary entry methodology to provide competition in the residential and small business market. We feel confident that Talk America is well positioned to address any changes that arise."

Effective October 15, 2002, the Company`s stockholders approved a one-for-three reverse stock split of the Company`s common stock. The reverse stock split has been reflected retroactively in the accompanying financial statements for all periods presented and all applicable references as to the number of common shares and per share information has been restated to reflect the reverse stock split. As the result of the reverse stock split, the Company`s Nasdaq symbol was temporarily changed to TALKD and will revert back to TALK at the opening of business on November 13, 2002.

Third Quarter 2002 Compared to Third Quarter 2001


Total sales for the third quarter 2002 were $79.1 million, compared with $126.3 million for the third quarter 2001. Bundled local revenues for the third quarter 2002 were $44.5 million as compared to $56.9 million for the third quarter 2001. Long distance revenues for the third quarter 2002 were $34.6 million as compared to $69.4 million for the third quarter 2001. Long distance revenues during the third quarter 2001 and 2002 included amortization of deferred revenue of $1.9 million relating to a telecommunications services agreement that terminated in October 2002.

The Company reported positive EBITDA (defined as operating income (loss) excluding depreciation and amortization and impairment and restructuring charges) for the third quarter 2002 of $20.4 million, compared with $6.1 million for the third quarter 2001. Network and line costs for the third quarter 2002 benefited from a credit of $0.4 million that the New York Public Service Commission mandated that Verizon New York provide Talk America in connection with a refund of certain UNE-P switching costs. The Company recorded an additional benefit of $0.7 million, which reduced bad debt expense in the third quarter 2002, due to better than expected collections experience. General and administrative expense benefited from the favorable settlement of litigation relating to an obligation with a third party of $1.7 million which amount was offset by an increase in legal reserves of $0.5 million. The Company benefited from the favorable resolution of disputes with vendors in the normal course of business during the third quarter 2002. It is the Company`s policy not to record credits from certain disputes until received.

Net income for the third quarter 2002 was $13.4 million, or $0.45 per share, compared with net loss of $162.3 million, or $6.18 loss per share, for the third quarter 2001. The net loss for the third quarter of 2001 reflects a non-cash impairment charge of $168.7 million to write down the goodwill associated with the acquisition of Access One Communications, which was created by purchase accounting, $2.5 million of restructuring charges and an extraordinary gain of $16.9 million related to restructuring of the certain obligations with America Online during such period.

The cash balance at the end of the third quarter increased to $41.1 million from $30.7 million at the end of the second quarter 2002. This was accomplished while reducing accounts payable to $29.8 million from $30.9 million over the same period. Capital expenditures for the third quarter 2002 were $0.9 million and capitalized software development costs were $0.6 million.

On October 4, 2002, the Company retired its senior credit facility prior to its scheduled maturity. Pro forma for the repayment of the facility, cash on hand would have been reduced to $27.3 million. As a result of the retirement of this debt prior to maturity, the Company will incur a one-time, non-cash extraordinary charge to earnings of approximately $1.1 million in the fourth quarter of 2002 reflecting the acceleration of the amortization of certain deferred finance charges. The retirement of the outstanding debt under the facility prior to maturity will allow the Company net cash interest savings of approximately $1.4 million through the original June 2005 maturity date.

Year-to-Date 2002 Compared to Year-to-Date 2001


Total sales for the year-to-date 2002 were $236.3 million, compared with $390.6 million for the year-to-date 2001. Bundled local revenues for the year-to-date 2002 were $119.4 million as compared to $154.3 million for the year-to-date 2001. Long distance revenues for the year-to-date 2002 were $116.9 million as compared to $236.3 million for the year-to-date 2001. Long distance revenues for the year-to-date 2001 and 2002 included amortization of deferred revenue of $5.6 million relating to a telecommunications services agreement that terminated in October 2002.

The Company reported positive EBITDA for the year-to-date 2002 of $51.8 million, compared with a loss of $8.6 million for the year-to-date 2001. Network and line costs for the year-to-date 2002 benefited from the Verizon New York credit of $1.2 million. For the year-to-date 2002, the Company recorded an additional benefit of $2.2 million, as a reduction to its bad debt expense, due to better than expected collections experience. General and administrative expense benefited from the favorable settlement of litigation relating to an obligation with a third party of $1.7 million which amount was offset by an increase in legal reserves of $0.5 million. The Company benefited from the favorable resolution of disputes with vendors in the normal course of business during the year-to-date 2002. It is the Company`s policy not to record credits from certain disputes until received.

Net income for the year-to-date 2002 was $30.9 million, or $1.09 per share, compared with a net loss of $235.1 million, or $8.99 loss per share, for the year-to-date 2001. The net loss for the year-to-date 2001 reflects a non-cash impairment charge of $168.7 million to write down the goodwill associated with the acquisition of Access One Communications, which was created by purchase accounting, $2.5 million of restructuring charges and an extraordinary gain of $16.9 million related to restructuring of the certain obligations with America Online. The net loss for the year-to-date 2001 also reflects a non-cash charge to operations of $36.8 million in connection with the adoption of Emerging Issues Task Force (EITF) Abstract No. 00-19, "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company`s Own Stock."

Financial Guidance


The Company`s operational and financial targets for the fourth quarter 2002, year-ended 2002 and year-ended 2003 are as follows:

Year end 2002
------------------------------------
Metrics Q4 2002 New Previous 2003
------- --- -------- ----
Billed Local
Lines 315k-330k 315k-330k 315k-330k 525k-545k
Long Distance
Revenue $27-$32 mm $144-$149 mm $135-$145 mm $80-$90 mm
Bundled Revenue $48-$53 mm $167-$172 mm $165-$175 mm $270-$280 mm
Total Revenues $75-$85 mm $311-$321 mm $300-$320 mm $350-$370 mm
EBITDA $14-$16 mm $66-$68 mm $54-$59 mm $54-$64 mm

Effective January 1, 2002, the Company adopted Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets," which establishes the impairment approach rather than amortization for goodwill and indefinite-lived intangible assets. The Company completed the transitional assessment of goodwill and determined that the carrying amount of goodwill did not exceed the fair value. The impact of SFAS 142, on a pro-forma basis, would have resulted in a reduction of the net loss for the three and nine months ended September 30, 2001 by $5.5 million and $16.0 million, respectively, for goodwill amortization expense.

Effective January 1, 2002, the Company adopted Emerging Issues Task Force (EITF) 01-09, "Accounting for Consideration Given by a Vendor to a Customer or a Reseller of the Vendor`s Products." The adoption of this issue resulted in a reclassification of approximately $7.3 million from sales and marketing expenses to a reduction in net sales for the nine months ended September 30, 2001 attributed to direct marketing promotion check campaigns. The adoption of EITF 01-09 did not have a material effect on the Company`s consolidated financial statements for the three months ended September 30, 2001 and the three and nine months ended September 30, 2002.

The Company has potential tax benefits relating to approximately $263 million of Net Operating Loss Carryforwards ("NOLs") as of December 31, 2001 that may allow the company to reduce its federal income taxes in future periods. Certain rules as defined in Section 382 of the Internal Revenue Code could limit the amount available in future periods based on the changes in ownership of the Company`s common stock. Shareholders that own in excess of 4.9% of the common shares outstanding, or 1.3 million shares will impact ownership changes. Therefore, the Company urges investors to advise Talk America in advance of accumulating a position in excess of this amount. More information regarding the Company`s NOL Carryforwards may be found in its Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on April 12, 2002.

The Company has provided for a valuation allowance of approximately $80 million for its net deferred tax assets as of September 30, 2002, primarily related to the Company`s NOL carryforwards. The third quarter of 2002 represents the fourth consecutive quarter of profitability for the Company. In the fourth quarter 2002, as part of its 2003 budgeting process, management will evaluate the valuation allowance and, if appropriate, expects to reverse all or a portion of this valuation allowance. At that time, the Company would record the estimated net realizable value of the deferred tax asset and beginning in 2003 would provide for income taxes at a rate equal to the Company`s combined federal and state effective rates.

The Company will hold a conference call to discuss these results beginning at 5:00 p.m. Eastern Time Tuesday, November 5, 2002. Dial in number for the call is 888/209-3911. International callers should dial 415/904-7306. Individual investors are invited to listen to the conference call over the Internet live at www.talk.com and www.streetevents.com. To listen to the live call, please go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. In addition, a replay will begin shortly after the call has ended and will be available for the balance of the week. The replay number to listen to the call is: 800/633-8284 (Domestic) or 402/977-9140 (International). Passcode for the replay is 20936035.

ABOUT TALK AMERICA


Talk America is an integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary "real-time" online billing and customer service platform. Talk America has added local service to its offerings, after ten years as a long distance provider. The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the incumbent local phone companies. For further information, visit the Company online at: www.talk.com.

Please Note: Certain of the statements contained herein may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are identified by the use of forward-looking words or phrases, including, but not limited to, "estimates," "expects," "expected," "anticipates," "anticipated," and "targets." These forward-looking statements are based on the Company`s current expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. Forward-looking statements involve risks and uncertainties and the Company`s actual results could differ materially from the Company`s expectations. In addition to those factors discussed in the foregoing, important factors that could cause such actual results to differ materially include, among others, dependence on the availability and functionality of incumbent local telephone companies` networks as they relate to the unbundled network element platform, increased price competition for long distance and local services, failure of the marketing of the bundle of local and long distance services and long distance services under its agreements with its direct marketing channels and its various marketing partners, failure to manage the nonpayment of amounts due the Company from its customers from bundled and long distance services, attrition in the number of end users, failure or difficulties in managing the Company`s operations, including attracting and retaining qualified personnel, failure of the Company to be able to expand its active offering of local bundled services in a greater number of states, failure to provide timely and accurate billing information to customers, failure of the Company to manage its collection management systems and credit controls for customers, interruption in the Company`s network and information systems, failure of the Company to provide adequate customer service, and changes in government policy, regulation and enforcement and/or adverse judicial interpretations and rulings relating to regulations and enforcement.

For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in the Company`s Annual Report on Form 10-K for the year-ended December 31, 2001, as amended by its Form 10-K/A filed April 12, 2002 and Form 10-Q for the quarter ended June 30, 2002 and any subsequent filings. The Company undertakes no obligation to update its forward-looking statements.

TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)
(Unaudited)

For the Three Months For the Nine Months
Ended September 30, Ended September 30,
--------------------- ---------------------
2002 2001 2002 2001
--------- --------- --------- ---------

Sales $79,133 $126,335 $236,253 $390,560

Costs and expenses:
Network and line
costs 37,792 58,679 115,663 186,897
General and
administrative
expenses 11,958 20,537 40,166 64,248
Provision for
doubtful accounts 2,190 28,888 8,998 79,437
Sales and
marketing expenses 6,829 12,123 19,637 68,581
Depreciation and
amortization 4,611 10,338 13,483 29,250
Impairment and
restructuring
charges -- 171,174 -- 171,174
--------- --------- --------- ---------

Total costs and
expenses 63,380 301,739 197,947 599,587
--------- --------- --------- ---------

Operating income
(loss) 15,753 (175,404) 38,306 (209,027)
Other income
(expense):
Interest income 299 257 482 1,088
Interest expense (2,568) (1,518) (6,941) (4,644)
Other, net (106) (2,501) (922) (2,581)
--------- --------- --------- ---------
Income (loss) before
provision for income
taxes 13,378 (179,166) 30,925 (215,164)
Provision for income
taxes -- -- -- --
--------- --------- --------- ---------
Income (loss) before
extraordinary gain
and cumulative effect
of an accounting
change 13,378 (179,166) 30,925 (215,164)

Extraordinary gain
from extinguishments
of debt -- 16,867 -- 16,867
Cumulative effect of
an accounting change -- -- -- (36,837)
--------- --------- --------- ---------

Net income (loss) $13,378 $(162,299) $30,925 $(235,134)
========= ========= ========= =========

Income (loss) per
share - Basic:
Income (loss)
before
extraordinary gain
and cumulative
effect of an
accounting change
per share $0.49 $(6.82) $1.14 $(8.22)
Extraordinary gain
per share -- 0.64 -- 0.64
Cumulative effect
of an accounting
change per share -- -- -- (1.41)
--------- --------- --------- ---------
Net income (loss)
per share $0.49 $(6.18) $1.14 $(8.99)
========= ========= ========= =========

Weighted average
common shares
outstanding 27,243 26,247 27,217 26,166
========= ========= ========= =========

Income (loss) per
share - Diluted:
Income (loss)
before
extraordinary gain
and cumulative
effect of an
accounting change
per share $0.45 $(6.82) $1.09 $(8.22)
Extraordinary gain
per share -- 0.64 -- 0.64
Cumulative effect
of an accounting
change per share -- -- -- (1.41)
--------- --------- --------- ---------
Net income (loss)
per share $0.45 $(6.18) $1.09 $(8.99)
========= ========= ========= =========

Weighted average
common and common
equivalent shares
outstanding 29,617 26,247 28,501 26,166
========= ========= ========= =========




TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)

September 30, December 31,
2002 2001
--------- ---------
(Unaudited)
Assets
Current assets:
Cash and cash
equivalents $ 41,067 $ 22,100
Accounts receivable,
trade (net of
allowance for
uncollectible
accounts of $11,956
and $46,404 at
September 30, 2002
and December 31,
2001, respectively) 23,628 26,647
Prepaid expenses and
other current assets 1,691 1,951
--------- ---------
Total current
assets 66,386 50,698

Property and equipment,
net 68,189 75,879
Goodwill 19,503 19,503
Intangibles, net 8,089 10,169
Other assets 8,113 8,972
--------- ---------
$ 170,280 $ 165,221
========= =========

Liabilities and
Stockholders` Equity
(Deficit)
Current liabilities:
Accounts payable $ 29,763 $ 43,098
Sales, use and excise
taxes 10,478 8,339
Deferred revenue 6,480 10,193
Current portion of
long-term debt 15,257 10,544
4.5% Convertible
subordinated notes
due 2002 -- 3,910
Accrued compensation 5,352 1,108
Other current
liabilities 6,559 10,081
--------- ---------
Total current
liabilities 73,889 87,273
--------- ---------

Long-term debt:
Senior credit
facility -- 12,500
8% Convertible notes
due 2011 (includes
future accrued
interest of $28,824
and $30,982 at
September 30, 2002
and December 31,
2001, respectively) 63,102 63,755
12% Senior
subordinated notes
due 2007 71,681 --
8% Convertible senior
subordinated notes
due 2007 (includes
future accrued
interest of $1,281
at September 30,
2002) 4,103 --
4.5% Convertible
subordinated notes
due 2002 -- 57,934
5% Convertible
subordinated notes
due 2004 670 18,093
Other long-term debt 42 88
--------- ---------
Total long-term
debt 139,598 152,370
--------- ---------
Commitments and
contingencies

Stockholders` equity
(deficit):
Preferred stock -
$.01 par value,
5,000,000 shares
authorized; no
shares outstanding -- --
Common stock - $.01
par value,
100,000,000 shares
authorized;
27,264,911 and
27,150,907 shares
issued and
outstanding at
September 30, 2002
and December 31,
2001, respectively 273 272
Additional paid-in
capital 351,458 351,169
Accumulated deficit (394,938) (425,863)
--------- ---------
Total stockholders`
equity (deficit) (43,207) (74,422)
--------- ---------
$170,280 $165,221
========= =========



TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)

Nine Months Ended
September 30,
-------------------------
2002 2001
--------- ---------
Cash flows from operating
activities:
Net income (loss) $ 30,925 $(235,134)
Reconciliation of net
income (loss) to net
cash provided by
(used in) operating
activities:
Provision for doubtful
accounts 8,998 79,437
Depreciation and
amortization 13,483 29,250
Impairment and
restructuring charges -- 171,174
Cumulative effect of
an accounting change
for contingent
redemptions -- 36,837
Extraordinary gain from
restructuring of
contingent redemptions -- (16,867)
Unrealized loss on
increase in fair
value of contingent
redemptions -- 2,372
Gain on legal
settlement (1,681) --
Loss on sale and
retirement of assets 205 116
Other non-cash charges 63 77
Changes in assets and
liabilities:
Accounts receivable,
trade (5,979) (68,200)
Prepaid expenses and
other current assets 393 (61)
Other assets 1,622 529
Accounts payable (13,335) (7,649)
Deferred revenue (3,713) (4,877)
Sales, use and excise
taxes 2,139 689
Other liabilities 2,036 4,195
--------- ---------
Net cash provided by
(used in) operating
activities 35,156 (8,112)
--------- ---------

Cash flows from investing
activities:
Capital expenditures (3,011) (2,784)
Capitalized software
development costs (1,753) (656)
Acquisition of
intangibles (50) (154)
--------- ---------
Net cash used in
investing
activities (4,814) (3,594)
--------- ---------

Cash flows from financing
activities:
Payments of borrowings (4,170) (1,347)
Payments of convertible
debt (6,279) --
Payments of capital lease
obligations (1,022) --
Payments in connection
with restructuring
contingent redemptions -- (3,525)
Exercise of stock options 96 --
--------- ---------
Net cash used in
financing
activities (11,375) (4,872)
--------- ---------

Net increase (decrease) in
cash and cash equivalents 18,967 (16,578)
Cash and cash equivalents,
beginning of period 22,100 40,604
--------- ---------
Cash and cash equivalents,
end of period $ 41,067 $ 24,026
========= =========

CONTACT: Talk America
David G. Zahka, 215/862-6849
[e-mail]

Copyright 2002, Business Wire. All of the releases provided by Business Wire are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire`s members, who are solely responsible for their content, accuracy and originality. All reproduction, other than for an individual user`s reference, is prohibited without prior written permission.

[SuperShare]

Hallo TALK- Freunde!

Die Zahlen sind wieder einmal einfach nur SUPER!!!
Weiter so TALK!
0,45 USD/Share für Q III !!!

MfG

SuperShare

[SuperShare]

NEWS: (Quelle: nasdaq.com)

Talk America Reduces Long-Term Debt by $9.8 Million

RESTON, Va.--(BUSINESS WIRE)--Nov. 25, 2002--Talk America (NASDAQ:TALK), an integrated communications provider, said today that it has purchased, in the open market, $5.7 million principal amount of its 12% Senior Subordinated Notes due 2007 and, in connection with the transaction, expects to prepay $4.1 million of its 8% Convertible Notes due 2011.

The Company expects to record an extraordinary non-cash gain of approximately $5.2 million, including a gain of approximately $3.6 million from the decrease in future accrued interest relating to the 8% Convertible Notes which will be reflected as an additional reduction in long-term debt.


Sehr schön!

MfG

SuperShare

[SuperShare]

Talk America Announces Fourth Quarter Results; Sequential Bundled Revenue Growth of 16.4% Fuels Top Line Increase; Income Before One-Time Benefits of $14.5 Million

Fifth Consecutive Quarter of Profitability and Earnings

RESTON, Va., Feb 4, 2003 (BUSINESS WIRE) -- Talk America (NASDAQ: TALK), an integrated communications provider, today announced financial results for the fourth quarter ended December 31, 2002.

Commenting on the quarter, Gabe Battista, Chairman and Chief Executive Officer of Talk America stated, "We are extremely pleased with our results for the fourth quarter. Our financials demonstrate the strength of our core local business and the continued hard work of all our employees in achieving our goals. We exceeded our guidance for the fourth quarter and look forward to a profitable 2003."

Key operational highlights for the fourth quarter:

-- Total revenue of $81.3 million, an increase of 2.7% from Q3 2002 -- Local revenue of $51.8 million, an increase of 16.4% from Q3 2002 -- Billed bundled lines of 333,000, an increase of 20.7% from Q3 2002 -- Income before certain one-time benefits of $14.5 million -- Income per share before certain one-time benefits of $0.46 -- Attained positive shareholders` equity of $23.5 million -- Cash balance of $33.6 million -- Retired senior credit facility -- Repurchased a portion of 12% notes and 8% convertible notes -- Restructured 8% convertible notes due 2011 -- Reversed a portion of the deferred tax valuation allowance -- Announced common share repurchase program

Mr. Battista continued, "I am pleased to report that we continued top line growth during the fourth quarter. The growth in total revenues was driven by our success in growing our bundled business, both in terms of new lines added and reduced turnover of existing customers. We continue to gain share in Michigan, with over 200,000 bundled lines at year end. We remain focused on replicating the success we`ve experienced in Michigan in our other core states."

Commenting on the regulatory environment, Mr. Battista added, "We have been actively involved in the FCC`s triennial review of competition for local phone service. We believe that the FCC could render the substance of a decision as soon as February 13, 2003. While the FCC review will likely result in changes to the regulations currently in place, the impact of those changes on our business and financial results remains uncertain."

Effective October 15, 2002, the Company`s stockholders approved a one-for-three reverse stock split of the Company`s common stock. The reverse stock split has been reflected retroactively in the accompanying financial statements for all periods presented and all applicable references as to the number of common shares and per share information has been restated to reflect the reverse stock split.

Consistent with the recently adopted Regulation G by the SEC, the following table provides a reconciliation of EBITDA to the Generally Accepted Accounting Principles (GAAP) measure Operating Income:



($ in thousands) Q4 2002 2002
---------- ----------
EBITDA $20,128 $71,917
Less:
Depreciation & Amortization 3,835 17,318
---------- ----------
Operating Income $16,293 $54,599
========== ==========



EBITDA refers to earnings before interest expense, taxes, depreciation and amortization.

Consistent with the recently adopted Regulation G by the SEC, the following table provides a reconciliation of Income Before One-Time Items to the GAAP measure Income (Loss) before Extraordinary Gains and Cumulative Effect of an Accounting Change:



($ in thousands) Q4 2002 Q4 2001 2002 2001
-------- -------- -------- ----------
Income (Loss) Before One-Time
Items $14,497 $6,083 $45,422 ($37,907)
Plus:
Recovery of Income Taxes 22,300 22,300
Less:
Impairment and Restructuring
Charges (603) 170,571
-------- -------- -------- ----------
Income (Loss) Before
Extraordinary Gains and
Cumulative Effect of an
Accounting Change $36,797 $6,686 $67,722 ($208,478)
======== ======== ======== ==========



Fourth Quarter 2002 Compared to Fourth Quarter 2001

Total sales for the fourth quarter 2002 were $81.3 million, compared with $97.6 million for the fourth quarter 2001. Bundled local revenues for the fourth quarter 2002 were $51.8 million as compared to $42.2 million for the fourth quarter 2001. Long distance revenues for the fourth quarter 2002 were $29.5 million as compared to $55.4 million for the fourth quarter 2001. Long distance revenues for the fourth quarter 2002 and 2001 included amortization of deferred revenue of $0.7 and $1.9 million, respectively, relating to a telecommunications services agreement that terminated in October 2002.

The Company reported positive EBITDA for the fourth quarter 2002 of $20.1 million. Network and line costs for the fourth quarter 2002 benefited from a credit of $0.4 million that the New York Public Service Commission mandated that Verizon New York provide Talk America in connection with a refund of certain UNE-P switching costs. The Company recorded an additional benefit of $2.1 million, which reduced bad debt expense in the fourth quarter 2002, due to better than expected collections experience in prior periods. The Company benefited from the favorable resolution of disputes with vendors in the normal course of business during the fourth quarter 2002. It is the Company`s policy not to record credits from certain disputes until received.

Net income for the fourth quarter 2002 was $66.1 million, or $2.10 per share, compared with net income of $10.5 million, or $0.36 per share, for the fourth quarter 2001. The net income for the fourth quarter 2002 reflects extraordinary gains of $28.9 million due to the restructuring of the Company`s 8% Convertible Notes due 2011, $1.6 million attributed to the repurchase of a portion of the Company`s 12% Notes, and an extraordinary loss of $1.1 million related to the retirement of the Company`s senior credit facility. In addition, the fourth quarter included $22.3 million from the reversal of a portion of the Company`s deferred tax valuation allowance. During the fourth quarter 2001, the Company recorded an extraordinary gain of $3.8 million associated with the repurchase of a portion of its convertible bonds and recovery of restructuring charges recorded in previous quarters of $0.6 million. Income before one-time items for the fourth quarter 2002 was $14.5 million, or $0.46 per share, compared with income before one-time items of $6.1 million, or $0.21 per share, for the fourth quarter 2001.

The cash balance at the end of the fourth quarter decreased to $33.6 million from $41.1 million at the end of the third quarter 2002. The cash balance at the end of the fourth quarter includes the effects of repayment of the Company`s senior credit facility of $13.8 million and repurchase of a portion of the 12% Notes and 8% Convertible Notes of $8.4 million. Capital expenditures for the fourth quarter 2002 were $1.8 million and capitalized software development costs were $0.7 million.

The fourth quarter of 2002 represented the fifth consecutive quarter of profitability for the Company. In the fourth quarter 2002, as part of its 2003 budgeting process, management evaluated the deferred tax valuation allowance and determined that a portion of this valuation allowance should be reversed, resulting in a non-cash deferred income tax benefit in the fourth quarter of $22.3 million. Beginning in 2003, the Company will record non-cash income taxes at a rate equal to the Company`s combined federal and state effective rates.

On October 4, 2002, the Company retired its senior credit facility prior to its scheduled maturity. As a result of the retirement of this debt prior to maturity, the Company incurred a one-time, non-cash extraordinary charge to earnings of approximately $1.1 million in the fourth quarter of 2002 reflecting the acceleration of the amortization of certain deferred finance charges.

On December 23, 2002, the Company restructured its 8% Convertible Notes due 2011. The principal terms of the restructuring were as follows: the new maturity date will be September 19, 2006, the pay-in-kind interest option was eliminated and interest will be required to be paid entirely in cash, and the Company will be provided additional flexibility to purchase subordinated debt and common stock. As a result of the restructuring and the repurchase of $4.1 million of the 8% Convertible Notes due 2011, the Company recorded an extraordinary non-cash gain of approximately $28.9 million from the decrease in future accrued interest relating to the 8% Convertible Notes which was reflected as a $28.9 million reduction in long-term debt. In addition, the Company began recording interest expense associated with the 8% Convertible Notes on its income statement.

In January 2003, pursuant to the Company`s previously announced share buyback program of $10 million or 2,500,000 shares, Talk America purchased 1,315,789 of its common shares from America Online, Inc. at a per share price of $3.80 (the average closing price for the five days ended January 15, 2003). The aggregate purchase price was approximately $5.0 million. The remaining shares authorized in the program may be purchased, from time to time, in the open market and/or in private transactions.

Fully diluted earnings per share for the quarter and year ended December 31, 2002, were determined based on revised guidance from the Company`s auditors, which the Company has accepted, as to the determination of the number of fully diluted shares outstanding. Fully diluted earnings per share calculated on the basis of this revised guidance for the quarters ended December 31, 2001, March 31, 2002, June 30, 2002, September 30, 2002 were $0.36, $0.28, $0.30 and $0.42, respectively, and for the six months ended June 30, 2002 and the nine months ended September 30, 2002 were $0.58 and $1.00, respectively. There was no change in the Company`s earnings or in basic earnings per share in any of these periods.

Year ended 2002 Compared to Year ended 2001

Total sales for the year ended 2002 were $317.5 million, compared with $488.2 million for the year ended 2001. Bundled local revenues for the year ended 2002 were $171.2 million as compared to $196.5 million for the year ended 2001. Long distance revenues for the year ended 2002 were $146.3 million as compared to $291.7 million for the year ended 2001. Long distance revenues for the year ended 2002 and 2001 included amortization of deferred revenue of $6.2 and $7.4 million, respectively, relating to a telecommunications services agreement that terminated in October 2002.

The Company reported positive EBITDA for the year ended 2002 of $71.9 million. Network and line costs for the year ended 2002 benefited from the Verizon New York credit of $1.7 million. For the year ended 2002, the Company recorded an additional benefit of $1.9 million, as a reduction to its bad debt expense, due to better than expected collections experience on outstanding accounts receivable at the year ended 2001. General and administrative expense benefited from the favorable settlement of litigation relating to an obligation with a third party of $1.7 million which amount was offset by an increase in legal reserves of $0.5 million. The Company benefited from the favorable resolution of disputes with vendors in the normal course of business during the year ended 2002. It is the Company`s policy not to record credits from certain disputes until received.

Net income for the year ended 2002 was $97.1 million, or $3.15 per share, compared with a net loss of $224.7 million, or $8.51 loss per share, for the year ended 2001. The net income for the year ended 2002 reflects extraordinary gains of $28.9 million due to the restructuring of the Company`s 8% Convertible Notes due 2011, $1.6 million due to the repurchase of a portion of the Company`s convertible bonds, and an extraordinary loss of $1.1 million related to the retirement of the Company`s senior credit facility. In addition, the year ended 2002 included $22.3 million from the reversal of a portion of the Company`s deferred tax valuation allowance. The net loss for the year ended 2001 reflects a non-cash impairment charge of $168.7 million to write down the goodwill associated with the acquisition of Access One Communications, which was created by purchase accounting, restructuring charges of $1.9 million, extraordinary gains of $16.9 million related to restructuring of the certain obligations with America Online and $3.8 million associated with the repurchase of a portion of its convertible bonds. The net loss for the year ended 2001 also reflects a non-cash charge to operations of $36.8 million in connection with the adoption of Emerging Issues Task Force (EITF) Abstract No. 00-19, "Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company`s Own Stock." Income before one-time items for the year ended 2002 was $45.4 million, or $1.48 per share, compared with loss before one-time items of $37.9 million, or $1.44 loss per share, for the year ended 2001.

Financial Guidance

The Company`s operational and financial targets for the first quarter 2003 and the year ended 2003 are as follows:



Metrics Q1 2003 2003
------------ ------------
Billed Local Lines 380k-390k 525k-545k
Long Distance Revenue $24-$27 mm $80-$90 mm
Bundled Revenue $57-$60 mm $270-$280 mm
Total Revenues $81-$87 mm $350-$370 mm
Net Income $4-$6 mm $18-$22 mm



Effective January 1, 2002, the Company adopted Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets," which establishes the impairment approach rather than amortization for goodwill and indefinite-lived intangible assets. The Company completed the transitional assessment of goodwill and determined that the carrying amount of goodwill did not exceed the fair value. The impact of SFAS 142, on a pro-forma basis, would have resulted in an increase in net income for the three months ended December 31, 2001 by $0.8 million and decrease in the net loss for the year ended December 31, 2001 by $17.3 million for goodwill amortization expense.

Effective January 1, 2002, the Company adopted Emerging Issues Task Force (EITF) 01-09, "Accounting for Consideration Given by a Vendor to a Customer or a Reseller of the Vendor`s Products." The adoption of this issue resulted in a reclassification of approximately $7.3 million from sales and marketing expenses to a reduction in net sales for the year ended December 31, 2001 attributed to direct marketing promotion check campaigns. The adoption of EITF 01-09 did not have a material effect on the Company`s consolidated financial statements for the three months ended December 31, 2001 and the three months and year ended December 31, 2002.

The Company will hold a conference call to discuss these results beginning at 5:00 p.m. Eastern Time, Tuesday, February 4, 2003. The call can be accessed by dialing the following: US 800-621-5340, International 212-748-2718. Individual investors are invited to listen to the conference call over the Internet live at www.talk.com and www.streetevents.com. To listen to the live call, please go to the Web site at least 15 minutes prior to the start of the call to register, download, and install any necessary audio software. In addition, a replay of the call will be available through 7:00 p.m. ET on February 11, 2003 by dialing the following: US 800-633-8284, International 402-977-9140. The reservation number for the replay is 21107626.

ABOUT TALK AMERICA

Talk America is an integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary "real-time" online billing and customer service platform. Talk America has added local service to its offerings, after ten years as a long distance provider. The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the incumbent local phone companies. For further information, visit the Company online at: www.talk.com.

Please Note: Certain of the statements contained herein may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements are identified by the use of forward-looking words or phrases, including, but not limited to, "estimates," "expects," "expected," "anticipates," "anticipated," and "targets." These forward-looking statements are based on the Company`s current expectations. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to have been correct. Forward-looking statements involve risks and uncertainties and the Company`s actual results could differ materially from the Company`s expectations. In addition to those factors discussed in the foregoing, important factors that could cause such actual results to differ materially include, among others, dependence on the availability and functionality of incumbent local telephone companies` networks as they relate to the unbundled network element platform, increased price competition for long distance and local services, failure of the marketing of the bundle of local and long distance services and long distance services under its agreements with its direct marketing channels and its various marketing partners, failure to manage the nonpayment of amounts due the Company from its customers from bundled and long distance services, attrition in the number of end users, failure or difficulties in managing the Company`s operations, including attracting and retaining qualified personnel, failure of the Company to be able to expand its active offering of local bundled services in a greater number of states, failure to provide timely and accurate billing information to customers, failure of the Company to manage its collection management systems and credit controls for customers, interruption in the Company`s network and information systems, failure of the Company to provide adequate customer service, and changes in government policy, regulation and enforcement and/or adverse judicial interpretations and rulings relating to regulations and enforcement, including but not limited to the FCC`s Triennial Review.

For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in the Company`s Annual Report on Form 10-K for the year-ended December 31, 2001, as amended by its Form 10-K/A filed April 12, 2002 and Form 10-Q for the quarter ended September 30, 2002 and any subsequent filings. The Company undertakes no obligation to update its forward-looking statements.

-- Financial Tables To Follow--



TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except for per share data)
(Unaudited)


For the Three For the Year
Months Ended Ended
December 31, December 31,
----------------- --------------------
2002 2001 2002 2001
-------- -------- --------- ----------

Sales $81,254 $97,598 $317,507 $488,158

Costs and expenses:
Network and line costs 39,904 48,256 155,567 235,153
General and administrative
expenses 13,344 17,954 53,510 82,202
Provision for doubtful
accounts 367 13,341 9,365 92,778
Sales and marketing expenses 7,511 5,392 27,148 73,973
Depreciation and amortization 3,835 5,140 17,318 34,390
Impairment and restructuring
charges -- (603) -- 170,571
-------- -------- --------- ----------
Total costs and expenses 64,961 89,480 262,908 689,067
-------- -------- --------- ----------

Operating income (loss) 16,293 8,118 54,599 (200,909)
Other income (expense):
Interest income 320 132 802 1,220
Interest expense (2,146) (1,447) (9,087) (6,091)
Other, net 30 (117) (892) (2,698)
-------- -------- --------- ----------
Income (loss) before provision
for income taxes 14,497 6,686 45,422 (208,478)
Provision for income taxes (22,300) -- (22,300) --
-------- -------- --------- ----------
Income (loss) before
extraordinary gains and
cumulative effect of an
accounting change 36,797 6,686 67,722 (208,478)
Extraordinary gains 29,340 3,781 29,340 20,648
Cumulative effect of an
accounting change -- -- -- (36,837)
-------- -------- --------- ----------

Net income (loss) $66,137 $10,467 $97,062 $(224,667)
======== ======== ========= ==========

Income (loss) per share - Basic:
Income (loss) before
extraordinary gains and
cumulative effect of an
accounting change per share $1.35 $0.25 $2.48 $(7.89)
Extraordinary gains per share 1.07 0.14 1.08 0.78
Cumulative effect of an
accounting change per share -- -- -- (1.40)
-------- -------- --------- ----------
Net income (loss) per share $2.42 $0.39 $3.56 $(8.51)
======== ======== ========= ==========

Weighted average common shares
outstanding 27,359 27,151 27,253 26,414
======== ======== ========= ==========

Income (loss) per share - Diluted:
Income (loss) before
extraordinary gains and
cumulative effect of an
accounting change per share $1.17 $0.23 $2.20 $(7.89)
Extraordinary gains per share 0.93 0.13 0.95 0.78
Cumulative effect of an
accounting change per share -- -- -- (1.40)
-------- -------- --------- ----------
Net income (loss) per share $2.10 $0.36 $3.15 $(8.51)
======== ======== ========= ==========

Weighted average common and
common equivalent shares
outstanding 31,506 29,426 30,798 26,414
======== ======== ========= ==========


TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except for share and per share data)


December 31, December 31,
2002 2001
------------ ------------
(Unaudited)
Assets
Current assets:
Cash and cash equivalents $33,588 $22,100
Accounts receivable, trade (net of
allowance for uncollectible accounts of
$7,821 and $46,404 at December 31, 2002
and 2001, respectively) 27,843 26,647
Deferred income taxes 17,500 --
Prepaid expenses and other current assets 2,330 1,951
------------ ------------
Total current assets 81,261 50,698

Property and equipment, net 66,915 75,879
Goodwill 19,503 19,503
Intangibles, net 7,379 10,169
Deferred income taxes 4,800 --
Other assets 7,653 8,972
------------ ------------
$187,511 $165,221
============ ============

Liabilities and Stockholders` Equity
(Deficit)
Current liabilities:
Accounts payable $30,588 $43,098
Sales, use and excise taxes 11,439 8,339
Deferred revenue 6,480 10,193
Current portion of long-term debt 61 10,544
4.5% Convertible subordinated notes due
2002 -- 3,910
Accrued compensation 5,609 1,108
Other current liabilities 9,013 10,081
------------ ------------
Total current liabilities 63,190 87,273
------------ ------------

Long-term debt:
Senior credit facility -- 12,500
8% Convertible notes due 2006 (includes
principal of $32,773 and future accrued
interest of $30,982 at December 31, 2001) 30,150 63,755
12% Senior subordinated notes due 2007 65,970 --
8% Convertible senior subordinated notes
due 2007 (includes future accrued interest
of $1,216 at December 31, 2002) 4,038 --
4.5% Convertible subordinated notes due
2002 -- 57,934
5% Convertible subordinated notes due 2004 670 18,093
Other long-term debt 27 88
------------ ------------
Total long-term debt 100,855 152,370
------------ ------------

Commitments and contingencies

Stockholders` equity (deficit):
Preferred stock - $.01 par value, 5,000,000
shares authorized; no shares outstanding -- --
Common stock - $.01 par value, 100,000,000
shares authorized; 27,469,593 and
27,150,907 shares issued and outstanding
at December 31, 2002 and 2001,
respectively 275 272
Additional paid-in capital 351,992 351,169
Accumulated deficit (328,801) (425,863)
------------ ------------
Total stockholders` equity (deficit) 23,466 (74,422)
------------ ------------
$187,511 $165,221
============ ============


TALK AMERICA HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)

Year Ended
December 31,
---------------------
2002 2001
---------- ----------
Cash flows from operating activities:
Net income (loss) $97,062 $(224,667)
Reconciliation of net income (loss) to net cash
provided by (used in) operating activities:
Provision for doubtful accounts 9,365 92,778
Depreciation and amortization 17,318 34,390
Impairment and restructuring charges -- 168,684
Cumulative effect of an accounting change for
contingent redemptions -- 36,837
Extraordinary gain from restructuring of
contingent redemptions -- (16,867)
Extraordinary gain on restructuring of
convertible debt (28,909)
Extraordinary gain on redemption of debt (431) (3,781)
Unrealized loss on increase in fair value of
contingent redemptions -- 2,372
Deferred income tax valuation reserve
reversal (22,300)
Gain on legal settlement (1,681) --
Loss on sale and retirement of assets 205 116
Other non-cash charges 1,026 77
Changes in assets and liabilities:
Accounts receivable, trade (10,561) (65,788)
Prepaid expenses and other current assets (246) 808
Other assets 1,605 322
Accounts payable (12,510) (27,696)
Deferred revenue (3,713) (9,004)
Sales, use and excise taxes 3,100 404
Other liabilities 2,568 5,418
---------- ----------
Net cash provided by (used in) operating
activities 51,898 (5,597)
---------- ----------

Cash flows from investing activities:
Capital expenditures (4,781) (2,949)
Capitalized software development costs (2,501) (1,406)
Acquisition of intangibles (50) (154)
---------- ----------
Net cash used in investing activities (7,332) (4,509)
---------- ----------

Cash flows from financing activities:
Payments of borrowings (17,983) (2,624)
Repurchase of convertible debt (14,691) (1,227)
Payments of capital lease obligations (1,036) (1,022)
Payments in connection with restructuring
contingent redemptions -- (3,525)
Exercise of stock options 632 --
---------- ----------
Net cash used in financing activities (33,078) (8,398)
---------- ----------

Net increase (decrease) in cash and cash
equivalents 11,488 (18,504)
Cash and cash equivalents, beginning of period 22,100 40,604
---------- ----------
Cash and cash equivalents, end of period $33,588 $22,100
========== ==========


Talk America
David G. Zahka, 215/862-6849
[e-mail]


Quelle: nasdaq.com

[SuperShare]

Liebe TALK- Freunde!

In wenigen Minuten geht es los! 15:30 Uhr unserer Zeit.
Das FCC wird eine Entscheidung treffen.

Das WSJ meldet vorab:

"The FCC is likely to approve a plan giving states more power to maintain telephone-competition rules, in a defeat for Chairman Powell`s deregulation efforts."

Deshalb auch der Kursanstieg gestern.

Mal sehen, was heute tatsächlich entschieden wird.

MfG

SuperShare

[SuperShare]

Scheint sich zu bestätigen!!!!


5,10 $ bezahlt!!!


Und jetzt geht es richtig los!


TALK ist billig!

MfG

SuperShare

[SuperShare]

5,40 $ !!!

[SuperShare]

Von www.FCC.gov

"Please note that the time for the Federal Communications Commission Open Meeting has been rescheduled from 9:30 a.m. to 11:00 a.m."

?!

Also 17:00 Uhr !?

Warum steigt der Kurs dann schon so stark??

Was passiert dann erst, wenn die Bestätigung kommt?

MfG

SuperShare

[SuperShare]

Quelle: www.fcc.gov

FOR IMMEDIATE RELEASE: NEWS MEDIA CONTACT:
February 20, 2003 Michael Balmoris 202-418-0253
Email: [e-mail]

FCC ADOPTS NEW RULES FOR NETWORK UNBUNDLING OBLIGATIONS OF INCUMBENT LOCAL PHONE CARRIERS

Greater Incentives for Broadband Build-Out and Greater Granularity in Determining Unbundled Network Elements Are Key Commission Actions

Washington, D.C. – The Federal Communications Commission (Commission) today adopted rules concerning incumbent local exchange carriers’ (incumbent LECs) obligations to make elements of their networks available on an unbundled basis to new entrants. The new framework provides incentives for carriers to invest in broadband network facilities, brings the benefits of competitive alternatives to all consumers, and provides for a significant state role in implementing these rules.

Today’s action resolves various local phone competition and broadband competition issues and addresses a May 2002 decision by the U.S. Court of Appeals for the District of Columbia which overturned the Commission’s previous Unbundled Network Elements (UNE) rules. Following is a brief summary of the key issues resolved in today’s decision (a more detailed summary of today’s action is attached):

1. Impairment Standard – A requesting carrier is impaired when lack of access to an incumbent LEC network element poses a barrier or barriers to entry, including operational and economic barriers, which are likely to make entry into a market uneconomic. Such barriers include scale economies, sunk costs, first-mover advantages, and barriers within the control of the incumbent LEC. The Commission’s unbundling analysis specifically considers market-specific variations, including considerations of customer class, geography, and service.

2. Broadband Issues – The Commission provides substantial unbundling relief for loops utilizing fiber facilities: 1) the Commission requires no unbundling of fiber-to-the-home loops; 2) the Commission elects not to unbundle bandwidth for the provision of broadband services for loops where incumbent LECs deploy fiber further into the neighborhood but short of the customer’s home (hybrid loops), although requesting carriers that provide broadband services today over high capacity facilities will continue to get that same access even after this relief is granted, and 3) the Commission will no longer require that line-sharing be available as an unbundled element. The Commission also provides clarification on its UNE pricing rules that will send appropriate economic signals to carriers.

3. Unbundled Network Element Platform (UNE-P) Issue – The Commission finds that switching - a key UNE-P element - for business customers served by high-capacity loops such as DS-1 will no longer be unbundled based on a presumptive finding of no impairment. Under this framework, states will have 90 days to rebut the national finding. For mass market customers, the Commission sets out specific criteria that states shall apply to determine, on a granular basis, whether economic and operational impairment exists in a particular market. State Commissions must complete such proceedings within 9 months. Upon a state finding of impairment, the Commission sets forth a 3 year period for carriers to transition off of UNE-P.

4. Role of States – The states have a substantial role in applying the Commission’s impairment standard according to specific guidelines tailored to individual elements.

5. Dedicated transport – The Commission finds that requesting carriers are not impaired without Optical Carrier (or OCn) level transport circuits. However, the Commission finds that requesting carriers are impaired without access to dark fiber, DS3, and DS1 capacity transport, each independently subject to a route-specific review by states to identify available wholesale facilities. Dark fiber and DS3 transport also each are subject to a route-specific review by the states to identify where competing carriers are able to provide their own facilities.

With today’s action, the Commission also opened a Further Notice of Proposed Rulemaking (FNPRM) seeking comment on whether the Commission should modify the so-called pick-and-choose rule that permits requesting carriers to opt into individual portions of interconnection agreements without accepting all the terms and conditions of such agreements.

-FCC-

Docket No.: CC 01-338

Wireline Competition Bureau Staff Contact: Tom Navin at 202-418-1580.

News about the Federal Communications Commission can also be found
on the Commission’s web site www.fcc.gov.


Statements:
Powell, Abernathy, Copps, Martin und Statement von Adelstein als Word | Acrobat - Format unter www.fcc.gov abrufbar.

MfG

SuperShare

PS: Aktueller Kurs: 5,86$

[SuperShare]

Heute sind ja einige große Blöcke gehandelt worden (50.000er), aber um 21:56:34 Uhr, also kurz vor Schluß, scheint ja einer richtige Schmerzen bekommen zu haben:
250.000 Stück!!!

21:56:54 5,6100 500
21:56:34 5,7000 250.000
21:56:33 5,6100 500
21:56:30 5,6500 1.200
21:56:25 5,6400 1.300


MfG

SuperShare

[SuperShare]

Reaktion von TALK:

Quelle: www.nasdaq.com

FCC Announces Triennial Review Decision; States to Determine Availability of UNEs

RESTON, Va., Feb 20, 2003 (BUSINESS WIRE) -- Talk America (NASDAQ:TALK), an integrated communications provider, said today that the FCC announced its Triennial Review Decision.

Although the text of the order is not yet available, the decision appears to preserve the Company`s ability to use the UNE platform for the provision of bundled telecommunications services pending further market-by-market analysis by the state commissions. To view a copy of the FCC press release regarding its decision, go to www.fcc.gov.

The Company expects the text of the FCC Order to be filed within 30 to 90 days. Upon review of the text of the FCC Order, the Company will schedule an investor conference call to discuss the Order.

About Talk America

Talk America is an integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary "real-time" online billing and customer service platform. Talk America has added local service to its offerings, after ten years as a long distance provider.

The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the Bell Operating Companies. For further information, visit the Company online at: www.talk.com.

Talk America
Dave Zahka, 215/862-1325
[e-mail]


MfG

SuperShare

[SuperShare]

News!

Quelle: nasdaq.com

Talk America Reiterates Potential Tax Benefit from NOLs Investors Urged to Advise Company Prior to Increasing Ownership beyond 4.9%

RESTON, Va., Mar 3, 2003 (BUSINESS WIRE) -- Talk America (NASDAQ:TALK), an integrated communications provider, today announced that in light of recent increases in trading volumes in the common stock of Talk America, the company reiterated that it has potential tax benefits relating to its Net Operating Loss Carryforwards or ("NOLs") which may allow the Company to reduce its federal income taxes in future periods.

Certain rules as defined in Section 382 of the Internal Revenue Code could limit the amount available in future periods based on the changes in ownership of the Company`s common stock. Shareholders that own in excess of 4.9% of the common shares outstanding, or 1.28 million shares could impact ownership changes.

Therefore, the Company urges investors to advise Talk America in advance of accumulating a position in excess of this amount.

More information regarding the Company`s NOL Carryforwards may be found in its Annual Report on Form 10KA filed with the Securities and Exchange Commission on April 12, 2002

About Talk America

Talk America is an integrated communications provider marketing a bundle of local and long distance services to residential and small business customers utilizing its proprietary "real-time" online billing and customer service platform. Talk America has added local service to its offerings, after ten years as a long distance provider.

The Company delivers value in the form of savings, simplicity and quality service to its customers based on the efficiency of its low-cost, nationwide network and the effectiveness of its systems that interface electronically with the Bell Operating Companies. For further information, visit the Company online at: www.talk.com.

Talk America
David G. Zahka, 215/862-6849
[e-mail]


MfG

SuperShare

[StanLaurel_i]

Was hältst du eigentlich von ZTEL! Die sind doch im gleichen Metier!

[SuperShare]

Hallo TALK-Freunde!

Lange habe ich mich nicht hören lassen. Aber ich halte die Aktien nach wie vor. Heute werden nun die Zahlen erwartet. Leider bin ich erst morgen wieder hier, so dass ich mich heute Abend nicht zu den Zahlen äußern kann.
Da der Kurs derzeit aber kräftig anzieht (9,30$), werden wohl sehr gute Zahlen erwartet. Nach den letzten positiven Überraschungen sollten die Zahlen (wieder einmal) herausragend ausfallen.

Lassen wir uns überraschen!

Allen viel Erfolg!

MfG

SuperShare