CMGI: Umsatzrückgang und Verluste im vierten Quartal - 500 Beiträge pro Seite

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Die amerikanische Internetholding CMGI Inc. legte am Donnerstag ihre Ergebnisse zum abgelaufenen vierten Fiskalquartal vor.

Das Unternehmen meldete einen Quartalsfehlbetrag von 216,8 Mio. Dollar oder 55 Cents je Aktie nach einem Minus von 1,33 Mrd. Dollar oder 3,84 Dollar je Aktie im Vorjahreszeitraum.

Der pro-forma Verlust exklusive Abschreibungen und Sonderaufwendungen belief sich auf 50,5 Mio. Dollar oder 13 Cents je Aktie nach einem Verlust von 84,2 Mio. Dollar im Vorjahreszeitraum. Analysten erwarteten einen Verlust von 14 Cents je Aktie.

Der Umsatz fiel auf 145,1 Mio. Dollar von 238,1 Mio. Dollar. Im laufenden ersten Fiskalquartal rechnet das Unternehmen mit einem Umsatz von 178-182 Mio. Dollar. Der operative Verlust soll bei 37-40 Mio. Dollar liegen.

Die Aktie von CMGI, die Anfang des Jahres 2000 noch bei rund 150 Dollar notierte, gewann gestern 12,5 Prozent auf 0,54 Dollar. Nachbörslich notierte das Papier bei 0,47 Dollar.

Wertpapiere des Artikels:
CMGI INC.


Autor: (© wallstreet:online AG / SmartHouse Media GmbH),08:07 25.10.2002

[borojew]

Kursziel NULL.

[Dr.Spezialist]

Hi borojew,
schon wieder so pessimistisch
Man sollte alles lesen!!! Denke die nächsten Ziele wird CMGI endlich mal erreichen
Gar nicht mal so schlecht , denke ich:
DANDOVER, Mass., Oct 24, 2002 (BUSINESS WIRE) -- CMGI, Inc. (CMGI, Trade) today reported financial results for the fourth quarter and fiscal year ended July 31, 2002.

The Company`s results of operations discussed herein exclude the results of operations of the Company`s former majority-owned subsidiary, NaviSite, Inc. ("NaviSite"). On September 11, 2002, the Company sold all of its equity and debt ownership interests in NaviSite to ClearBlue Technologies, Inc. ("ClearBlue"). As a result of the transaction, the historical results of operations of NaviSite have been accounted for as discontinued operations in accordance with generally accepted accounting principles, and are not included in the Company`s results of continuing operations discussed herein.


Fourth Quarter

CMGI reported net revenue of $145 million for the fourth fiscal quarter ended July 31, 2002. This compares to net revenue of $177 million for the quarter ended April 30, 2002, a decrease of 18%.

CMGI reported a total operating loss of $189 million for the quarter ended July 31, 2002, compared to a total operating loss of $132 million for the quarter ended April 30, 2002, representing a 43% increase in operating loss quarter over quarter. Included in the fourth quarter operating loss was a non-recurring charge of $20 million relating to the amendment of the Company`s stadium naming rights arrangement with the New England Patriots. Also included in the fourth quarter loss were charges related to amortization of intangible assets and stock-based compensation ("amortization charges") and depreciation totaling $72 million, long-lived asset impairment charges of $56 million, and net restructuring charges of $10 million. Third quarter fiscal 2002 total operating loss included charges related to amortization and depreciation totaling $73 million, long lived asset impairment charges of $3 million and a net restructuring charge of $4 million.

Excluding the effects of charges related to in-process research and development, depreciation, amortization, long-lived asset impairment and restructuring, CMGI reported a pro forma operating loss(1) of $50 million or ($0.13) pro forma operating loss(1) per share for the quarter ended July 31, 2002 versus a pro forma operating loss(1) of $51 million or ($0.13) pro forma operating loss(1) per share in the previous quarter ended April 30, 2002. Included in the fourth quarter pro forma loss(1) was a $20 million non-recurring charge related to the amendment of the Company`s naming rights and sponsorship arrangement with the New England Patriots, and a benefit of $8 million from the finalization of estimates associated with the closure activities of certain of the Company`s subsidiaries. Excluding the charge and benefit, our pro forma operating loss(1) would have been $38 million.

CMGI reported a net loss of $217 million or ($0.55) loss per share for the fourth quarter of fiscal 2002, compared to a net loss of $125 million or ($0.32) loss per share for the quarter ended April 30, 2002.

As of July 31, 2002, CMGI had a consolidated cash and cash equivalents balance of $257 million. Total cash and cash equivalent usage in the fourth quarter was $44 million, versus $79 million for the previous quarter. The fourth quarter cash usage included a net cash outlay of approximately $44 million for the acquisition of the worldwide assets and operations of iLogistix, offset by cash proceeds from the maturities of available-for-sale securities of $16 million. Excluding the impact of the iLogistix acquisition our cash balance would have been $301 million.

George McMillan, President and Chief Executive Officer of CMGI, said: "Building our strategically core businesses, restructuring non core businesses and cash management have been the strategic priorities for CMGI during the quarter and after its close. During the fourth quarter, CMGI strengthened its eBusiness and Fulfillment segment through acquisition, significantly expanding the Company`s presence in supply chain management by acquiring iLogistix, a profitable and cash positive business. After the quarter closed, CMGI sold its equity and debt ownership interests in Engage, sold its equity and debt ownership interests in NaviSite, and sold its equity ownership in Equilibrium. We continue to be disciplined in our cash management to ensure that we have the necessary capital to grow our business. The cash acquisition of iLogistix illustrates this point.

"CMGI will continue to invest in e-Commerce and e-Commerce related Services, Technology Services and Supply Chain Management. CMGI continues to focus on product development, customer acquisition, strategic competitive position and profitability," Mr. McMillan concluded.

CMGI`s portion of @Ventures investments made during the quarter totaled $747,000, consisting of follow-on investments in Realm Business Solutions, Inc. Investments for the fiscal year ended July 31, 2002, totaled $8.2 million.


Fiscal Year

CMGI reported net revenue of $708 million for the fiscal year ended July 31, 2002. This compares to net revenue of $1.17 billion for the year ended July 31, 2001, a decrease of 39%.

CMGI reported a total operating loss of $591 million for the year ended July 31, 2002, compared to a total operating loss of $5.75 billion for the year ended July 31, 2001, representing a 90% decrease in operating loss from the prior year. Included in the fiscal 2002 operating loss were charges related to amortization of intangible assets and stock based compensation ("amortization charges") and depreciation totaling $298 million, long-lived asset impairment charge of $73 million, and net restructuring charges of $26 million. Fiscal 2001 total operating loss included charges related to amortization and depreciation totaling $1.63 billion, long lived asset impairment charges of $3.36 billion and a net restructuring charge of $209 million.

Excluding the effects of charges related to in-process research and development, depreciation, amortization, long-lived asset impairment and restructuring, CMGI reported a pro forma operating loss(1) of $194 million or ($0.51) pro forma operating loss(1) per share for the year ended July 31, 2002 versus a pro forma operating loss(1) of $550 million or ($1.67) pro forma operating loss(1) per share in the previous year ended July 31, 2001.

CMGI reported a net loss of $552 million for fiscal 2002, compared to a net loss of $5.49 billion for fiscal 2001. CMGI`s net loss available to common stockholders for fiscal 2002 was $490 million, or ($1.29) loss per share, compared to a net loss available to common stockholders of $5.50 billion, or $(16.67) loss per share, for fiscal 2001.


Outlook

Consolidated net revenue for the first quarter of fiscal 2003 is expected to be approximately $178 million to $182 million.

Pro forma operating loss(1) for the first quarter of fiscal 2003 is expected to be approximately $37 million to $40 million. This amount includes $5 million in losses related to divested companies.

Consolidated cash and cash equivalents balance exiting the first quarter of fiscal 2003 is expected to be approximately $180 million. In addition, total cash and cash equivalents usage in the first quarter of fiscal 2003 is expected to be approximately $77 million, of which approximately $15 million relates to the cash and cash equivalent balances of Engage and Equilibrium, which were divested subsequent to July 31, 2002. The $77 million also includes payments for lease terminations and payments related to CMGI`s Series C payment obligations.

"We have made significant progress this year but there is still more work to be done. Going forward, we will continue to complete key acquisitions and divestitures to ensure we have the right composition of core businesses as defined by our strategic plan. We remain focused on strengthening our competitive position and achieving profitability," said McMillan.

Our prior guidance indicated we expected to reach break even on a consolidated pro forma operating basis in the first half of fiscal year 2003. We currently expect a $10 - $15 million pro forma operating loss(1) in the second quarter of fiscal 2003, and to reach break even on a consolidated pro forma operating basis in the third quarter of fiscal 2003, both dependent on the actual timing of divestitures of certain non core assets and/or the costs related to shutdown of certain subsidiaries for which a buyer cannot be found.


About CMGI

CMGI, Inc. (CMGI, Trade) provides technology and e-commerce solutions that help businesses market, sell and distribute their products and services. CMGI offers targeted solutions including industry-leading global supply chain management; web-based distribution and fulfillment; web-driven direct marketing; and enterprise-oriented professional services.

CMGI`s corporate headquarters are located at 100 Brickstone Square, Andover, Mass. 01810. For additional information, see www.cmgi.com.

(1) The pro forma operating results are not a recognized measure for financial statement presentation under the United States generally accepted accounting principles (U.S. GAAP). Non-U.S. GAAP earnings measures do not have any standardized definition and are therefore unlikely to be comparable to similar measures presented by other reporting companies. This pro forma measure is provided to assist readers in evaluating CMGI`s operating performance and each of the items listed (in-process research and development, depreciation, amortization of assets and stock-based compensation, long-lived asset impairment and restructuring) were excluded because they were considered to be of a non-operational nature. Readers are encouraged to consider this pro forma measure in conjunction with CMGI`s U.S. GAAP results.

This release contains forward-looking statements which address a variety of subjects including, for example, the expected financial results of CMGI and its operating companies for the first quarter of fiscal 2003 and beyond, and the expected ability of CMGI to reduce its cash usage, preserve its capital resources, grow its businesses and reach profitability. All statements other than statements of historical fact, including without limitation, those with respect to CMGI`s goals, plans and strategies set forth herein are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: CMGI`s ability to reach profitability in the time frame set forth herein is dependent on additional divestitures; CMGI`s success is dependent upon its ability to integrate its operating companies in accordance with its business strategy; CMGI`s success, including its ability to decrease its cash burn rate, improve its cash position, grow its businesses and revenues and reach profitability, depends on its ability to execute on its business strategy and the continued and increased demand for and market acceptance of CMGI`s and its operating companies` products, services, web sites and the Internet in general; CMGI may experience difficulties integrating technologies, operations and personnel in accordance with its business strategy; and increased competition and technological changes in the markets in which CMGI competes. For a detailed discussion of cautionary statements that may affect CMGI`s future results of operations and financial results, please refer to CMGI`s filings with the Securities and Exchange Commission, including CMGI`s most recent Quarterly Report on Form 10-Q. Forward-looking statements represent management`s current expectations and are inherently uncertain. We do not undertake any obligation to update forward-looking statements made by us.


CMGI, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands)
(Unaudited)
Three months ended Fiscal Year ended
July 31, April 30, July 31, July 31, July 31,
2002 2002 2001 2002 2001
Net revenue:
Enterprise Software
and Services $ 29,489 $ 36,522 $ 60,496 $ 152,163 $ 410,732
eBusiness and
Fulfillment 115,440 140,582 162,890 542,913 691,414
Managed Application
Services 205 139 11,370 6,158 49,054
Portals - 211 3,304 6,536 19,053
$ 145,134 $ 177,454 $ 238,060 $ 707,770 $ 1,170,253
Operating loss:
Enterprise Software
and Services $(127,592) $(68,279) $(772,190) $(350,793)$(4,869,854)
eBusiness and
Fulfillment (44,243) (53,536) (44,746) (179,558) (179,375)
Managed Application
Services 27 232 (73,454) 2,368 (301,244)
Portals 4,644 (95) (121,646) (1,747) (301,396)
Other (21,873) (10,368) (32,562) (61,230) (102,770)
$(189,037)$(132,046)$(1,044,598)$(590,960)$(5,754,639)
Pro forma operating loss:
Enterprise Software
and Services $ (24,988) $ (22,598)$ (36,474) $ (88,451) $ (267,410)
eBusiness and
Fulfillment (11,940) (20,690) (6,453) (49,364) (16,461)
Managed Application
Services 1,024 32 (18,774) (12,056) (138,269)
Portals 5,568 353 (2,142) 5,628 (42,138)
Other (20,138) (8,497) (20,385) (49,384) (85,858)
$(50,474) $(51,400) $(84,228) $(193,627) $(550,136)
Note: Pro forma operating income (loss) represents total operating
loss, excluding net charges related to in-process research and
development, depreciation, amortization of intangible assets and
stock-based compensation, long-lived asset impairment and
restructuring.
TABLE RECONCILING GAAP OPERATING LOSS TO PRO FORMA OPERATING LOSS
GAAP Operating
loss $(189,037) $(132,046)$(1,044,598)$(590,960)$(5,754,639)
Adjustments:
In-process research
and development - - - - 1,462
Depreciation 9,365 9,516 14,682 41,998 73,607
Amortization of
intangibles and
stock-based
compensation 63,074 63,476 178,624 256,012 1,556,909
Long-lived asset
impairments 56,361 3,438 685,254 73,114 3,363,317
Restructuring
charge (benefit) 9,763 4,216 81,810 26,209 209,208
Pro forma operating
loss $(50,474) $(51,400) $(84,228) $(193,627) $(550,136)
CMGI, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands, except per share amounts)
(Unaudited)
Three months ended Fiscal Year ended
July 31, April 30, July 31, July 31, July 31,
2002 2002 2001 2002 2001
Net revenue $ 145,134 $ 177,454 $ 238,060 $ 707,770 $ 1,170,253
Operating expenses:
Cost of revenue 123,399 157,780 211,365 608,028 1,038,894
Research and
development 12,180 12,457 22,333 53,738 144,886
In-process research
and development - - - - 1,462
Selling 47,164 32,257 55,306 153,274 361,417
General and
administrative 22,230 35,876 47,966 128,355 248,799
Amortization of
intangible assets
and stock-based
compensation 63,074 63,476 178,624 256,012 1,556,909
Impairment of
long-lived
assets 56,361 3,438 685,254 73,114 3,363,317
Restructuring 9,763 4,216 81,810 26,209 209,208
Total operating
expenses 334,171 309,500 1,282,658 1,298,730 6,924,892
Operating loss (189,037) (132,046)(1,044,598) (590,960)(5,754,639)
Other income (deductions):
Gains (losses) on
issuance of stock
by subsidiaries and
affiliates, net - - (644) - 121,794
Other losses,
net (33,708) (8,080) (481,492) (68,503) (409,095)
Minority interest 13,768 5,239 127,106 44,295 493,814
Equity in losses of
affiliates (12) (2,003) (6,285) (15,408) (45,661)
Interest income 5,153 2,103 9,220 16,793 51,280
Interest (expense)
benefit, net 14,634 (1,802) (8,397) 19,293 (46,310)
Total (165) (4,543) (360,492) (3,530) 165,822
Loss from continuing
operations before income
taxes and extraordinary
item (189,202) (136,589)(1,405,090) (594,490)(5,588,817)
Income tax
benefit (3,216) (15,000) (107,644) (7,431) (184,404)
Loss from continuing
operations before
extraordinary
item (185,986) (121,589)(1,297,446) (587,059)(5,404,413)
Discontinued operations,
net of income taxes:
Loss from discontinued
operations (4,119) (3,623) (29,597) (69,140) (83,507)
Estimated loss on
disposal of discontinued
operations (26,717) - - (26,717) -
Extraordinary item,
net of income taxes:
Gain on extinguishment
of notes payable to
Hewlett Packard
Company - - - 131,281 -
Net loss (216,822) (125,212)(1,327,043) (551,635)(5,487,920)
Preferred stock
accretion - - (1,890) (2,301) (7,499)
Gain on repurchase
of Series C Convertible
Preferred Stock - - - 63,505 -
Net loss available
to common
stockholders $(216,822) $(125,212)$(1,328,933)$(490,431)$(5,495,419)
Basic and diluted
loss per share
available to common
stockholders:
Loss from continuing
operations before
extraordinary
item $(0.47) $(0.31) $(3.75) $(1.39) $(16.42)
Loss from discontinued
operations (0.01) (0.01) (0.09) (0.18) (0.25)
Estimated loss on
disposal of discontinued
operations (0.07) - - (0.07) -
Gain on extinguishment
of notes payable to
Hewlett Packard
Company - - - 0.35 -
Net loss available
to common
stockholders $(0.55) $(0.32) $(3.84) $(1.29) $(16.67)
Shares used in computing
basic and diluted
loss per share 392,380 392,025 345,834 379,800 329,623

CMGI, Inc.
Media
John Stevens, 978/684-3655
Communications Director
[e-mail]
or
Investors-Financial
Tom Oberdorf
Chief Financial Officer
[e-mail]

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[dueker]

versuch einer Übersetzung

gruß dueker

DANDOVER, Mass., Okt 24, 2002 (GESCHÄFT LEITUNG) -- CMGI, Inc. (CMGI, Handel) berichtete heute über finanzielle Resultate für das 4. Viertel und steuerliches Jahr beendete Juli 31, 2002. Die Company`s Resultate der Betriebe, die hierin besprochen werden, schließen die Resultate der Betriebe der Company`s ehemaligen Majorität-besessenen Tochtergesellschaft, NaviSite, Inc. aus ("NaviSite ". An September 11, 2002, verkaufte die Firma alle seine Billigkeit und Schuldeigentumsanteile an NaviSite an ClearBlue Technologies, Inc. ("ClearBlue ". Resultierend aus der Verhandlung sind die historischen Resultate der Betriebe von NaviSite als eingestellte Betriebe in Übereinstimmung mit im Allgemeinen geltenden Bilanzierungsgrundsätzen erklärt worden und werden nicht in den Company`s Resultaten des Fortsetzens der Betriebe umfaßt, die hierin besprochen werden. 4. Viertel CMGI berichtete über Reineinnahme von $145 Million für das 4. steuerliche beendete Viertel Juli 31, 2002. Dieses vergleicht mit Reineinnahme von $177 Million für das beendete Viertel April 30, 2002, eine Abnahme von 18%. CMGI meldete einen Gesamtbetriebsverlust von $189 Million für das Viertel, das Juli 31, 2002 beendet wurde, verglichen mit einem Gesamtbetriebsverlust von $132 Million für das Viertel, das April 30, 2002 beendet wurde und stellte eine 43% Zunahme des Betriebsverlustviertels über Viertel dar. Im Betriebsverlust des 4. Viertels umfaßt eine nicht wiederkehrende Aufladung von $20 Million in bezug auf die Änderung des Company`s Stadium, der Rechtanordnung mit den Neu-England Patrioten nennt. Auch in Verlust im vierten Quartal umfaßt die Aufladungen, die auf Tilgung der immateriellen immaterieller Vermögenswerte und des Vorrat-gegründeten Ausgleiches ("Tilgung, bezogen wurden lädt "und die Abschreibung auf, die $72 Million zusammenzählen, langlebige Wertbeeinträchtigungaufladungen von $56 Million und umstrukturierende Aufladungen des Netzes von $10 Million. Steuerliche 2002 Gesamtumfaßte Aufladungen des betriebsverlustes des dritten Trimesters bezogen auf der Tilgung und Abschreibung, die $73 Million zusammenzählen, langen gelebten Wertbeeinträchtigungaufladungen von $3 Million und einer umstrukturierenden Nettoaufladung von $4 Million. Ausschließlich Effekte von Aufladungen bezogen auf Inprozeß Forschung und Entwicklung, Abschreibung, Tilgung, langlebige Wertbeeinträchtigung und Umstrukturieren, CMGI berichtete über ein Proforma, das loss(1) von $50 Million laufen läßt, oder ($0,13) beendete das Proforma, das loss(1) pro Anteil für das Viertel laufen läßt, Juli 31, 2002 gegen ein Proforma, das loss(1) von $51 Million laufen lassen oder ($0,13) das Proforma, das loss(1) pro Anteil am vorhergehenden Viertel beendet April 30, 2002 laufen läßt. Im 4. Viertel Proforma loss(1) umfaßt eine nicht wiederkehrende Aufladung $20 Million, die auf der Änderung des Company`s bezogen wurde, das Rechte und Förderunganordnung mit den Neu-England Patrioten nennt, und ein Nutzen von $8 Million von der Vollendung von Schätzungen verband mit den Schliessentätigkeiten von sicherem der Company`s Tochtergesellschaften. Ausschließlich der Aufladung und des Nutzens würde unser Proforma, das loss(1) laufen läßt, $38 Million gewesen sein. CMGI meldete einen Reinverlust von $217 Million, oder ($0,55) beendete Fehlbetrag je Aktie für das 4. Viertel von steuerlichem 2002, verglichen mit einem Reinverlust von $125 Million oder ($0,32) Fehlbetrag je Aktie für das Viertel April 30, 2002. Ab Juli 31, 2002, CMGI hatte eine vereinigte Bargeld- und Bargeldäquivalentabgleichung von $257 Million. Gesamtbargeld und gleichwertiger Verbrauch des Bargeldes im 4. Viertel waren $44 Million, gegen $79 Million für das vorhergehende Viertel. Der Bargeldverbrauch des 4. Viertels umfaßte eine netto Kasse Ausgabe von ungefähr $44 Million für den Erwerb der weltweiten Werte und Betriebe von iLogistix, Versatz durch Bargeld fährt von den Reife der Vorhanden-fürverkauf Sicherheiten von $16 Million fort. Ausschließlich der Auswirkung des iLogistix Erwerbs würde unser Barguthaben $301 Million gewesen sein. George McMillan, Präsident und Generaldirektor von CMGI, sagte: "unsere Hauptgeschäftsbereiche strategisch zu errichten, Hauptgeschäftsbereiche und Kassenhaltung nicht umstrukturierend sind die strategischen Prioritäten für CMGI während des Viertels und nach seinem Ende gewesen. Während des 4. Viertels verstärkte erweiterte CMGI sein eBusiness und Erfüllungsegment durch den Erwerb und erheblich die Company`s Anwesenheit im Versorgungsmaterial-Kette