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BW: Internet.com Reports Increased Cash Earnings and Record Revenues for Quarter Ended June 30...

Aug 01, 2000, 02:21 (0 Talkback[s])

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"internet.com Corporation (Nasdaq: INTM), the Internet Industry Portal, today reported results for the quarter ended June 30, 2000. Revenues for the second quarter of 2000 increased to $12.2 million, a 323% increase over revenues of $2.9 million for the same period last year. Net income for the second quarter, excluding amortization of intangibles and realized gain on investments, was $829,000, or $0.03 per share, compared to a net loss of $1.5 million, or $0.08 per share, for the same period last year. Including amortization of intangibles and realized gain on investments, net loss for the second quarter ended June 30, 2000 was $4.4 million, or $0.18 per share."

"During the second quarter, internet.com continued to expand and strengthen its world class proprietary content offerings and services with the launch of the following internally developed sites: BSDToday.com (serves the BSD user community and is the daily source for BSD news and information), ApacheToday.com (developed to serve the community of Apache open source software users), InternetIPOLinx.com (provides the latest Internet-related IPO news), InternetLawLinx.com (provides the latest Internet-related legal news and developments), GIF.com (provides tools, tips, and techniques for creative professionals), SQLCourse2.com (provides users with advanced easy-to-follow SQL instruction) and The List of Web Hosts (http://www.WebHosts.TheList.com, helps users find business Web hosts, personal Web hosts and co-location facilities)."

Press Release