can someone shed some light for me...what does this announcement have to do
with Cisco certification?
----- Original Message -----
From: Natasha <[EMAIL PROTECTED]>
To: CCIE Group study list <[EMAIL PROTECTED]>
Sent: Sunday, March 11, 2001 10:35 PM
Subject: Mondays Press Release
> TRACK DATA REPORTS RECORD FOURTH QUARTER RESULTS
> REAFFIRMS STOCK BUYBACK
>
> New York, New York - March 12, 2001 - Track Data Corporation
> (Nasdaq NMS: TRAC) today announced results for its fourth
> quarter and year ended December 31, 2000.
>
> Revenues for the fourth quarter ended December 31, 2000 were
> a record $17,973,000 compared to $11,784,000 for the same
> period in 1999, an increase of 53%. Net income for the
> fourth quarter of 2000 was a record $5,039,000, or $.08 per
> share, compared to a net loss for the 1999 period of
> $(1,987,000), or $(.03) per share. The revenue increase in
> 2000 was due principally to the Company's myTrack services
> and the recognition of full commissions since obtaining its
> broker-dealer license and state registrations in August 2000.
> The 2000 period includes a gain on marketable securities of
> $771,000.
>
> Revenues for the year ended December 31, 2000 were a record
> $58,767,000 compared to $46,620,000 in 1999, an increase of
> 26%. Net income for the year ended December 31, 2000 was
> $2,059,000, or $.03 per share, compared to a net loss for
> the 1999 period of $(5,048,000), or $(.08) per share. The
> revenue increase for 2000 is described in the previous
> paragraph. The 2000 period includes a gain on marketable
> securities of $1,683,000.
>
> Barry Hertz, Chairman and CEO, commented, "The results for
> the fourth quarter exceeded our expectations disclosed last
> quarter. Daily trading volume increased 17% in the fourth
> quarter of 2000 compared to the third quarter of 2000. We
> realized significant profitable operations in the second
> half of 2000 due to savings realized from reduced payroll
> and telecommunication costs, a significant reduction in
> marketing and advertising costs and reduced clearing costs.
> We also achieved increased revenues and profits in the
> second half of 2000 from our institutional market data
> services.
>
> "The Company has repurchased approximately 1,500,000 shares
> of its common stock since the Company stated its intention
> to buy back up to two million of its shares under a stock
> repurchase plan. The Company believes that at current
> prices, the stock is still undervalued. In light of the
> Company's business prospects for 2001 and beyond, the Board
> of Directors believes that repurchase of its shares is a
> prudent use of its capital. The Company expects to continue
> to purchase shares under the repurchase plan, from time to
> time, depending on market conditions and the price per share.
>
> "We are very pleased to be on the radar screens of the major
> equity analysts who follow the online brokerage industry.
> JPMorgan H&Q and Credit Suisse First Boston each report on
> approximately 15 major players in the industry. We are
> proud that JPMorgan H&Q and CSFB both chose to include
> myTrack in their fourth quarter 2000 industry reports. We
> are even prouder that myTrack ranked first or second in
> several categories. CSFB ranked myTrack #1 in transaction
> growth (sequential and year over year) and #1 in average
> transactions per account.
>
> Mr. Hertz continued, "In other news, our previously
> announced joint venture with Knight Trading Group, Inc.
> (Nasdaq: NITE) is proceeding as planned and we expect to
> jointly introduce a new state-of-the-art trading product
> for the institutional trading market. Introducing myTrack
> in the Canadian market has been slowed by regulators in
> Canada but we are still hopeful to make an announcement
> shortly. We are not aware of any issues holding up approval.
> The approval of our ECN awaits testing with the NASD which
> is expected to be completed during March with approval
> coming in the second quarter. We are ready for
> decimalization and are preparing for the new futures market
> in individual stocks. Our new product, "DayTrader," was
> warmly received in its beta version at the recent online
> trading show in New York. We expect to release this product
> on May 1."
>
> Barry Hertz will conduct a live chat session this afternoon
> at 4:15 p.m. EST to discuss this release and the outlook
> for 2001. myTrack members can participate in the chat by
> using the chat feature (channel 4) of the myTrack online
> trading service. Non-members can view the chat by going to
> the web site http://www.mytrack.com and clicking on the
> "Live Chat" link in the left-hand navigation bar. Those
> viewing the chat from the web will be able to see the
> questions in real-time and will be able to initiate
> questions.
>
> Track Data is a New York-based financial services company
> that provides real-time financial market data, news, and
> research to institutional and individual investors through
> dedicated telecommunication lines and the Internet.
>
> For individual investors, Track offers myTrack, a fully
> integrated, Internet-based online trading and market data
> system. myTrack's direct access online trading has
> commissions starting at $12.95 per trade and allows users
> the choice of where to route their orders. myTrack's
> continuous, dynamic stream of live market data is powered
> by application-based software and a constant server
> connection similar to systems used by professionals,
> making it faster than the HTML web-based static pages
> offered by most of its competitors, such as Schwab
> (NYSE: SCH), Ameritrade (AMTD), and TD Waterhouse
> (NYSE: TWE). In addition to all the free data supplied
> to myTrack users-streaming delayed quotes, company news,
> charting for technical analysis, and a proprietary library
> of intra-day market statistics-myTrack users can choose
> from a selection of paid data and research, including
> streaming real-time quotes and Nasdaq Level II. myTrack
> offers access through PCs, browser phones, and PDAs, such
> as Palm Organizers (made by Palm Inc. (Nasdaq: PALM)) and
> Visors (made by Handspring (Nasdaq: HAND)).
>
> myTrack offers the first week of trading commission-free.
> To open a trading account, go to http://www.mytrack.com
> or call 1-800-myTrack.
>
> For additional information about Track Data, please
> contact Rafi Reguer, Director of Corporate Communications,
> at 718-260-4232 or by e-mail: [EMAIL PROTECTED]
>
> Forward-looking statements in this release are made
> pursuant to the safe harbor provisions of the Private
> Securities Litigation Reform Act of 1995. The words
> "believe," "expect," "plan," "anticipate" and other
> similar expressions generally identify forward-looking
> statements. Readers are cautioned not to place undue
> reliance on these forward-looking statements, which speak
> only as of their dates. These forward-looking statements
> are based largely on the Company's current expectations
> and are subject to a number of risks and uncertainties,
> including without limitation, volatility in the stock
> market, changes in external market factors including the
> economy, changes in the Company's business or growth
> strategy or an inability to execute its strategy due to
> changes in its industry and other risks and uncertainties
> indicated from time to time in the Company's filings with
> the Securities and Exchange Commission, including the
> Company's Forms 10-K, 10-Q, S-3 and S-8. Actual results
> could differ materially from the results referred to in
> the forward-looking statements.
>
> FINANCIAL HIGHLIGHTS
>
> Three Months Ended
> December 31
> 2000 1999
> Revenues $17,973,000 $11,784,000
> Net income (loss)(D) 5,039,000(A)(C) (1,987,000)(B)
> Basic and diluted
> income (loss) per share $.08 $(.03)
>
> Year Ended
> December 31
> 2000 1999
> Revenues $58,767,000 $46,620,000
> Net income (loss)(D) 2,059,000(A)(C) (5,048,000)(B)
> Basic and diluted
> income (loss) per share $.03 $(.08)
>
>
> (A) Includes $457,000 for the three months and $718,000
> for the year of income from equity in an affiliate.
> (B) Includes $20,000 for the three months and $275,000 for
> the year of income from equity in an affiliate.
> (C) Includes gain on marketable securities of $771,000 for
> the three months and $1,683,000 for the year.
> (D) There is no provision for (benefit from) taxes in any
> period.
> --
> Natasha Flazynski
> http://www.ciscobot.com
> My Cisco information site.
> http://www.botbuilders.com
> Artificial Intelligence and Linux development
> ------------------------------------------------
> "Out of Clutter, find Simplicity.
> From Discord, find harmony.
> In the middle of difficulty, lies
> opportunity."
> - Albert Einstein
>
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