Check List
Date: 10/25/2000
Equity: INSP
Sector: DOT - BUX - IIX
Market: NASDAQ
Opening price:  21
Current price: 20 5/8
Session High:  21 15/16
Session Low:  19 1/2
Closing Price:  20 5/16
Net Change:  -1 5/8

Previous session high:  23 7/8
Previous session low:   20 7/8
Previous session close:   21 15/16
Previous volume:  10,033,800
Todays volume:   7,758,400 
8-Period Daily: EMA @  20.23
8-Period Weekly: EMA @  22 - third week slightly uptrending
15 min: EMA @  20 - 2 days eclining
1 hour: EMA @ 20 1/4 - 12 hours gradually declining
200 EMA: EMA @  56.95
50 EMA: EMA  29.61
DOT
BUX 
IIX
NASDAQ

Candlestick Pattern:  Three Line Strike +   p.316
MACD: -3.09 / -3.56
Stochastic: %K 67.66 / %D 70.94
Histogram:  -4.27
BollingerBands: 25.23 /  20.23 / 15.23

Support @:  20.23
Resistance @:  23 7/8

CheckList: :DOT (-1%); BUX  (-7.7%); IIX  (-4.5%) NASDAQ (-4.2%) WEEK(Flat to slightly uptrending)    DAY(-5.6%)   200 (-)  50 (-)  Net Price (-) Opening price: (-)

Conference Call:  10/25/2000

News:  13:53 ET Earnings Watch : -- Update -- Internet infrastructure services company, InfoSpace (INSP 20 3/4 -1 3/16), due to release quarterly results this evening; Wall Street anticipating a breakeven qtr.   Company has dramatically exceed Wall Street expectations in each of the last 4 qtrs. Would note that while INSP topped views by its normal wide margin last qtr, stock was stripped of a 1/4 of is mkt-cap. InfoSpace.com (INSP) 20 7/16 -1 1/2: Reports Q3 earnings of $0.03 a share, $0.03 better than the First Call consensus of $0.00, vs year-ago earnings of $0.01. Revenues grew to $57.7 million, an increase of 189% over the year-ago period; see press release.

Aftermarket: 

SAN FRANCISCO (CBS.MW) - Shares of InfoSpace shot up in after-hours Instinet trading Wednesday, after the wireless Internet infrastructure company reported a third-quarter profit of 3 cents a share on revenue of $57.7 million, besting expectations laid out in mid-September.

InfoSpace (INSP: news, msgs) shares had fallen 7 percent to $20.31 in regular trading. Following the release of the results, shares rose to $22.38 in after-hours Instinet trading.

After the close, the company reported a pro forma net profit of $9.5 million, or 3 cents a share. This compares with the penny a share earned in the same period a year ago and the loss of 1 cent that analysts had expected.

Quarterly revenue grew to $57.7 million, better than the $53.5 million management guided analysts to expect. Revenue grew 190 percent on a year-over-year basis and 21 percent sequentially.

The results include Go2Net's performance. The acquisition of Go2Net was completed Oct. 12.

Wowed by wireless

On the post-earnings conference call, InfoSpace executives said that more than 10 percent of revenue came from the wireless division. Prior to the call, W.R. Hambrecht analyst Peter Friedland estimated that wireless revenue would account for 5 percent of revenue.

"It's a small piece of the revenue stream, but wireless is a real growth engine for the company," Friedland said.

Wireless revenue is generated from InfoSpace's carrier customers that have launched service. Nine mobile carriers have launched wireless Internet services based on InfoSpace's platform since the first quarter of this year.

InfoSpace generates an upfront license fee of $1 million that is recognized over a three-year period. It also generates $1 to $2 per subscriber, per month.

Executives also said they expected to exceed previous estimates for the number of wireless Internet subscribers by the end of this year and beyond.

The company expects to have more than the one million wireless Internet subscribers by the end of the year, growing to above five million by the end of next year. Initially, InfoSpace said it expected to have one million subscribers by the end of this year and five million by 2001.

Moreover, executives guided analysts to raise fourth-quarter revenue to $66 million, up from $64.4 million. Cash net income was guided higher to $4.9 million, up from $1.9 million.

"They came in stronger than expected for the wireless contribution; they said they'd exceed the number of wireless subscribers initially expected; and they raised fourth-quarter outlook," said Friedland. "It's a very solid quarter and barring continued weakness in the Nasdaq, we'd expect a positive reaction to this stock."  

Evaluation: Appears to be holding at it's 8 day EMA of 22.4 - earnings afterhours today.  Hold.    

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2nd entry:  1/4 point above opening price:
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Previous Days
9/28/2000
9/20/2000
9/21/2000