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Technology Stocks : juno.com (JWEB)----IPO -- Ignore unavailable to you. Want to Upgrade?

To: Burgoo who wrote (215)	7/27/1999 9:36:00 AM
From: Glenn Petersen	Read Replies (1) \| Respond to of 510

JWEB partners with Covad: biz.yahoo.com Tuesday July 27, 8:26 am Eastern Time Company Press Release Juno and Covad Communications Sign Broadband Agreement Two-Year Agreement Marks Juno's Entrance Into the High-Speed Internet Service Market NEW YORK and SANTA CLARA, Calif.--(BUSINESS WIRE)--July 27, 1999--Juno Online Services, Inc. (NASDAQ: JWEB - news) and Covad Communications (NASDAQ: COVD - news), the leading national broadband access provider of Digital Subscriber Line (DSL) services, today announced an agreement that will make it possible for Juno to deliver high-speed Internet access nationwide. Juno users will be able to enjoy all the benefits of broadband access, including access to high-bandwidth multimedia content such as streaming video and audio over the Internet. Juno plans to launch Juno Express, the company's broadband service, in a pilot program later this year, with wider release planned for 2000. Juno Express will add broadband services to Juno's current range of service offerings, which are designed to offer users a gradual migration path onto the Internet. Subscribers can start using Juno at any of three service levels, ranging from basic dial-up e-mail to full Internet access, and then ''graduate'' to higher levels of functionality as their familiarity with the Internet and their needs grow. With Juno Express, subscribers ready to upgrade from conventional dial-up access to broadband access will be able to do so from within the Juno user environment they are already comfortable using and without having to change their Juno e-mail address. ''Juno is known for its ease of use, and making a broadband service that is genuinely consumer friendly is one of our top priorities,'' said Charles Ardai, Juno's president and CEO. ''With Juno Express our goal is to offer a simple-to-use, reliable broadband service that appeals to mainstream consumers, not just to technophiles and 'early adopters.' Our agreement with Covad represents a major step toward realizing this goal.'' DSL technology provides high-speed Internet access over the copper telephone wires found in nearly all residences today. By using DSL technology, Juno Express can offer users data transfer speeds many times greater than those possible with ordinary modems, as well as a connection to the Internet that remains on continuously, eliminating the need for users to dial into Juno's central computers each time they want to use the Web or send and receive e-mail. Covad's DSL network, the largest in the U.S., already brings high-speed Internet access to 15.4 million homes and businesses, and the company plans to expand its reach to more than 28 million homes and businesses by the end of 1999. ''This agreement will meet the growing demand for today's always-on, higher speed access for delivering media-rich applications for a large number of Americans,'' said Robert Roblin, Covad's executive vice president of marketing. ''Juno Express will help users have access to the unlimited potential of the Internet as an avenue for personal and business growth and success.'' As part of their agreement, Juno and Covad have agreed to jointly fund research into consumer preferences with regard to broadband services, through surveys of both the Juno subscriber base and potential subscribers. About Covad Communications Covad Communications Company is the leading provider of high-speed Internet access to large enterprise customers and (through Internet Service Providers) to small and medium-sized businesses and home users. Covad services are currently online in 16 regions, encompassing 37 Metropolitan Statistical Areas. Service is available in the San Francisco, Los Angeles, Seattle, Sacramento, New York, Boston, Washington D.C., Baltimore, Chicago, Philadelphia, San Diego, Atlanta, Detroit, Minneapolis/St. Paul, Denver and Portland metropolitan areas. Covad has announced its plans to offer its services in a total of 22 regions encompassing 51 Metropolitan Statistical Areas nationwide by the end of 1999. Covad Communications Company and its affiliates, doing business as Covad Communications Company, are wholly owned subsidiaries of Covad Communications Group, Inc. (Nasdaq: COVD - news). Its corporate headquarters are located at 2330 Central Expressway, Santa Clara, CA, 95050. Telephone: 1-888-GO-COVAD. Web site: www.covad.com. About Juno Online Services, Inc. Juno Online Services, Inc. is a provider of Internet-related services to millions of computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail-which is provided to the end user for free-to full, competitively priced access to the World Wide Web. Since the launch of Juno's basic e-mail service in April 1996, more than 7 million total Juno accounts have been created. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of advertising, and from the direct sale of products to Juno subscribers. For more information about Juno, or to get a free copy of the Juno software, visit the company's Web site at juno.com. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts may be deemed to contain forward-looking statements, including, but not limited to, deployment of the Company's network in new and existing regions and the timing and breadth of coverage in each region. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the Company's dependence on strategic third parties to market and resell its services, intense competition for the Company's service offerings, dependence on growth in demand for DSL-based services, availability of collocation space and facilities, ability to manage and scale operations, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. The Company disclaims any obligation to update information contained in any forward-looking statement. This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including without limitation any statements as to future events or future financial results of Juno, may be significantly and materially impacted by risks and uncertainties. In evaluating such statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation factors described in Juno's reports and documents filed from time to time with the Securities and Exchange Commission. ------------------------------------------------------------------------ Contact: Edelman PR Worldwide, New York Anna Svaldi, 212/704-8288 pr@support.juno.com or Juno Online Services, Inc., New York Becky Yeamans, 212/597-9005 pr@support.juno.com or Covad Communications, Santa Clara Suluh Lukoskie, 408/844-7754 slukoski@covad.com

To: Burgoo who wrote (215)	7/28/1999 10:33:00 PM
From: rdmsqito	Respond to of 510

Juno Online Services, Inc. Reports Record Second Quarter Financial Results PR Newswire - July 28, 1999 16:16 160% year-over-year increase in total Q2 revenues Billable services subscribers up 30% sequentially in quarter to 270,000 7.2 million total subscriber accounts at quarter end NEW YORK, July 28 /PRNewswire/ -- Juno Online Services, Inc. (Nasdaq: JWEB), a leading national provider of Internet-related services, reported record revenues of $11.1 million for the second quarter ended June 30, 1999, a 160% increase over revenues of $4.3 million reported in the same period in 1998. Billable service subscribers grew to 270,000, up 30% sequentially from 207,000 at March 31, 1999. Juno had approximately 7.2 million total subscriber accounts as of June 30, 1999. Charles Ardai, Juno's president and chief executive officer commented, "We are very pleased with the strides we have taken to grow our billable subscriber base and to enhance our members' experience of using the Internet. Our new software, Juno(R) 3.0, makes it simpler than ever for someone to take his or her first step onto the Internet with Juno, and our upgraded portal site at www.juno.com offers the feature-rich community experience, extensive content, and personalized customer support that we believe generate user loyalty." Billable service revenues led the revenue climb with an increase to $7.1 million in the second quarter, up 22% from $5.8 million in the first quarter of 1999. Growth in Juno's number of billable subscribers continued to come principally from internal conversions, as users of Juno's free basic service "graduated" to using its billable services, Juno Web(SM) and Juno Gold(SM). Subscribers to Juno Web, Juno's full Internet access service, accounted for 59.3% of billable service subscribers. Juno's first significant external advertising campaign, including television and radio commercials as well as targeted direct mail, began rolling out in June, following the successful completion of Juno's initial public offering on May 25. Including proceeds from its IPO, Juno had cash and cash equivalents of $111 million as of June 30, 1999. Juno invested a total of $13.9 million in subscriber acquisition and related brand-building activities during the quarter -- the majority in June -- with most of the impact from the investment expected to be realized in subsequent quarters. Led by contributions from strategic marketing alliances, advertising and transaction fee revenues increased to $2.7 million in the second quarter, up 19% from $2.3 million in the first quarter, and 76% above the $1.5 million recorded in the comparable quarter a year ago. Reflecting a downward trend in average retail prices for computer hardware and management's strategic decision to de-emphasize direct merchandising in favor of higher-margin e-commerce activities (which are recorded on the advertising and transaction fees revenue line), direct product sales revenues declined to $1.4 million from $1.6 million in the first quarter. Cost of revenues improved as a percentage of total revenues to 70.2% in the second quarter, down from 73.9% in the first quarter, reflecting higher margins in both billable services and advertising and transaction fees. Billable services costs improved in relation to revenues as both customer service calls per subscriber and average telecommunications rates continued to decline. The cost of advertising and transaction fees in the second quarter declined as a percentage of related revenues as compared with the first quarter of 1999 largely due to economies of scale associated with larger average deal sizes and from rising average rates per impression delivered. On a pro forma per-share basis, Juno reported an operating loss before subscriber acquisition costs of ($0.14), and an overall net loss of ($0.56), for the quarter. "The continued improvement in our operating margin before subscriber acquisition costs allowed us to deploy additional capital for our subscriber acquisition and brand-building activities," said Rick Eaton, Juno's chief financial officer. "We view these activities as investments in future growth." About Juno Online Services, Inc. Juno Online Services, Inc. is a provider of Internet-related services to millions of computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail -- which is provided to the end user for free -- to full, competitively priced access to the World Wide Web. Since the launch of Juno's basic e-mail service in April 1996, more than 7 million total Juno accounts have been created. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of advertising, and from the direct sale of products to Juno subscribers. This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including without limitation any statements as to future events or future financial results of Juno, may be significantly and materially impacted by risks and uncertainties. In evaluating such statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation factors described in Juno's reports and documents filed from time to time with the Securities and Exchange Commission. Pro forma loss per share from operations before subscriber acquisition costs is not a measurement of financial performance under generally accepted accounting principles and should not be considered an alternative to pro forma net loss per share.