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Wednesday, 11 June 2003
June 11, 2003 WebEx Communications
Time to be wrapping up the day. WebEx Communications deserves mention. WEBX closed at $14.41 up $1.40 on the day a gain of 10.76%.

It sounds a little like a dot-com again...yikes...but the numbers are good. WEBX provides "a global network and scalable platform for real-time interactime multimedia communications services on the Internet using a standard Web browser."

Did you get that? Anyway, they are making money.
Last quarter, WebEx reported revenue of $41.8 million up 41% from the prior year. EPS was $.15 compared to $.03 last year.

Morningstar.com documents the explosive growth in revenue for this company. Trailing p/e is reasonable at about 26. The company which was cash flow negative in 2001, is now cash flow positive.

I don't own any shares of this issue, and think probably this is a more speculative company...but perhaps this will be where we will find our greatest results as we look for investments!

Regards to all. Bob


Posted by bobsadviceforstocks at 6:37 PM CDT | Post Comment | Permalink

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