[0] EquityAlert.com Announces Investment Opinion.Business Editors NOTE TO EDITORS: The following is an investment opinion issued by EquityAlert.com VANCOUVER, B.C.--(BUSINESS WIRE)--Oct. 31, 2001 EquityAlert.com (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EINC EINC Equivalent Input Noise Current ): News Drives Stock Activity Among the wide range of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. stocks available to EquityAlert.com's news alert subscribers, a FREE service available at www.equityalert.com, was Quovadx, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : QVDX), trading over 1,700,000 shares following news of the Company's third quarter results. For the third quarter of 2001, revenue totaled $15.3 million, an increase of 680% over revenue of $2.0 million in the third quarter of 2000. The Company's strong revenue performance versus the year ago period reflects solid performance across all of its operations. Recurring revenue from transaction and hosting fees and ASP services increased 138% on a sequential basis. Revenue from professional services increased 29% on a sequential basis. Following the news, QVDX traded down over 11% in mid-day activity, surpassing average trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. , three-fold. In other news, EquityAlert.com (www.equityalert.com) subscribers were alerted in real time of news that MicroStrategy(R) Incorporated (NASDAQ: MSTR MSTR Microstrategy, Inc (stock symbol) MSTR Master MSTR Minneapolis and St. Louis (railroad) MSTR Master Mode ) announced its financial results for the three-month period ending September 30, 2001, (the third quarter of its 2001 fiscal year) meeting its own previously announced expectations for revenue and exceeding pro forma earnings pro forma earnings Income not necessarily calculated in accordance with generally accepted accounting principles. For example, a company might report pro forma earnings that exclude depreciation expense and nonrecurring expenses such as restructuring costs. per share expectations. "With the third quarter financial results exceeding consensus expectations, MicroStrategy remains on track to achieve core-business pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts. The phrase pro forma profitability in Q4 2001," said Eric Brown, MicroStrategy President and CFO See Chief Financial Officer. . "Our balance sheet remains strong with $43 million in cash and our core business produced positive operating cash flow Operating cash flow Earnings before depreciation minus taxes. Measures the cash generated from operations, not counting capital spending or working capital requirements. this quarter. We increased gross margins to 71% and have now reduced annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. operational expenses by more than $185 million since the middle of last year." MSTR shares traded down by over 3% in mid-day activity on over 1,300,000 shares. Recent alerts also included The TriZetto Group, Inc. (NASDAQ: TZIX), (TM), trading down over 10% in mid-day activity on a ten-fold increase in share volume of the daily trading average. TZIX reported third quarter ended September 30, 2001; the company's performance exceeded analysts' estimates for pro forma earnings per share. For free real-time email alerts on these and other publicly traded US and Canadian stocks, and mutual funds, please visit www.EquityAlert.com. About EquityAlert.com EquityAlert.com provides free real time news alerts on US and Canadian stocks, along with information on analyst ratings, lock-ups, quiet periods, pre-announcements, class action lawsuits class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax , insider trading, institutional and mutual fund positions, short positions, analyst and consensus reports, SEC filings and much more. EquityAlert.com's public company news alerts allow pro-active investors to receive email alerts in real-time on the stocks they own or plan to own, thus allowing them to take advantage of potentially significant price moves that often follow time-sensitive news announcements. To receive email alerts on US and Canadian stocks, and mutual funds, please visit us at http://www.equityalert.com. Disclaimer This press release may not contain the full text of the press release or report issued by or about the named companies; moreover, although the summary herein is derived from, and subject to all disclaimers contained in, the press release as provided to us by third party sources believed to be reliable, we make no representation or give any assurance as to the accuracy or completeness of either the summary contained herein or the material upon which such summary is based; accordingly, all information contained herein about such companies should be independently verified by you. We are not an investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and do not purport to suggest which companies our Subscribers should monitor, purchase or sell. This release is not intended to convey any investment advice. News alerts are only forwarded to our Subscribers as requested and only for informational purposes. Typically, in addition to the requested information about the company which our Subscriber is monitoring, the news alerts contain an advertisement describing a product, service or company for which we receive a fee from the advertising company. One or more of the companies named in this release may have been or may be, at some future date, an advertising company. This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Exchange Act of 1934, as amended by Public Law 104-67 and is subject to safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by these sections. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements, which involve numerous risks and uncertainties, including the Company's ability to market its services to potential advertisers, the regulatory environment in which the Company operates, future acceptance of the Company's services, and other factors described in the Company's filings with the Securities & Exchange Commission. Our complete Subscriber agreement and disclaimer may be viewed at www.equityalert.com/home/disclaim.asp. |
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