View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
June 23, 1997updated 05 Sep 2016 12:53pm

COMPUSERVE GETS PAT ON BACK FOR COMING CLOSE

By CBR Staff Writer

In a strange occurrence on the Nasdaq market last week, shares in Compuserve Inc gained about $0.50 after the troubled ISP reported heavy losses for the fourth-quarter and year and consequently had its rating cut by Merrill Lynch and Co. In contrast, Oracle Corp, which made its target, and Adobe Systems Inc which barely fell short, saw their shares tumble. An analyst with Merrill explained the situation by saying that companies are held to vastly different standards, and a company like Oracle is expected to exceed estimates, while a flagging business such as Compuserve may get a pat on the back for merely coming close. Compuserve saw losses of $0.19 and $1.29 per share for the quarter and year, respectively – but net of charges only fell short of estimates by $0.04. More importantly, the analyst says, the fact that Compuserve is still in talks with a prospective buyer should protect its share price from any significant erosion, while at the same time admitting that there is nothing good at all to be seen in the long term.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU