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frankie_fillet

07/24/06 9:57 PM

#187713 RE: wickw50 #187711

i just saw it on the news ticker.. will check it out.

real
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Stocksquire

07/24/06 9:59 PM

#187714 RE: wickw50 #187711

apparently Netflix investors are worried about some competition coming into the sector they've dominated for the past few years...
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Goldrush2001

07/24/06 10:32 PM

#187727 RE: wickw50 #187711

Netflix PPS drop - buy on rumor - sell on news. Ron
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xanadu

07/25/06 5:05 AM

#187748 RE: wickw50 #187711

Seems NetFlix has no problem making projections and keeping investors informed.

From NetFlix 8-K

Third-Quarter 2006

Ending subscribers of 5.5 million to 5.7 million
Revenue of $249 million to $254 million
GAAP net income of $5 million to $10 million

Fourth-Quarter 2006

Ending subscribers of at least 6.3 million
Revenue of $267 million to $272 million
GAAP net income of $3.8 million to $8.8 million

Full-Year 2006
Ending subscribers of at least 6.3 million
Revenue of at least $980 million
GAAP net income of $30 million to $35 million

Also, from an article posted by Stockspence

Netflix ended June with 5.17 million subscribers after adding another 303,000 customers during the spring.

But Netflix had to boost its spending substantially to attract those customers and had a tougher time retaining its existing subscribers.

Those factors could be offshoots of intensifying competition with much-larger Blockbuster Inc. -- pressures that threaten to restrain Netflix's earnings growth, much to the dismay of investors.

Netflix released its results after the stock market closed Monday. The company's shares rose 71 cents to close at $23.76 on the Nasdaq Stock Market, then plunged $4.86, or 20.4 percent, in extended trading. (Nearly 50 % revenue growth, double net income, 303k new subscribeers, and the stock goes down. IMO the stock market is comprised of a lot of stupid people)

Once considered a kooky concept, Netflix won over so many converts that Blockbuster has invested more than $100 million to develop its own online service. Blockbuster ended March with 1.3 million online renters. The Dallas-based company is expected to update that figure Thursday when it's scheduled to announce second-quarter earnings.