Compuserve loss is smaller than expected; results help widen H&R Block deficit

Article Abstract:

Compuserve's losses for 3rd qtr ending Jan 31, 1997 were not as high as the company had expected them to be. Losses totaled $14.2 million, or 15 cents a share, rather than the 16 cents a share analysts had predicted. Revenue climbed 4%, to $211 million, up from $203 million. The company plans to realign its business structure and cut costs in order to become more profitable. Compuserve also reported a decrease in subscribers to its flagship service. Subscriptions were down 100,000 to 2.8 million customers at the end of Jan 1997. Most of the decline occurred in the US market. Separately, H & R Block, which holds an 80.1% interest in Compuserve, recorded a loss of $25.3 million, or 24 cents per share for 3rd qtr ending Jan 31, 1997. Analysts had projected greater losses of 30 cents per share. For the same quarter in 1996, the company posted a loss of $5.5 million.

Internet service providers, Information services, Internet service provider, Company sales and earnings, Company losses, Information services industry, CompuServe Corp., CSRV

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New breeds of investors, all beguiled by the Web; they're insatiable, but not always young and restless

Article Abstract:

The number of online traders has tripled to 6.3 million in the last year and a half and 20 million also access the Internet for news and quotes. NFO Worldwide has conducted focus groups of on-line investors has found this explosive phenomenon quite threatening to large, full-service brokerage firms. The more the traders are on-line, the more confident they feel about making their own choices. And, they are emboldened to trade in stocks more often. And, to possibly make the market more volatile.

Electronic computers, Electronic Computer Manufacturing, Security brokers and dealers, Securities Brokerage, Use of Funds, Stock Information Systems, Stockbrokers, Stocks, Securities industry, Technology application, Electronic trading (Securities), Online securities trading

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In the Internet rat race, greater value seems to be put on devising the next business plan than on making it work

Article Abstract:

Many venture capitalists who have witnessed the explosive growth of Internet-related companies are now cautioning that new companies are going public, and raising millions of dollars, without competent business plans. So far, there has been an ample source of capital to fund these start-ups, but in the new millennium the situation may change rapidly if online services are not able to turn a profit.

Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, Investments, Influence, Venture capital, Business planning, Going public (Securities), Initial public offerings, Company financing, Business plans

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