ما رأي الإخوان في شركة peop ؟ PeoplePC Announces Continued Improvement in Operating Results for the Third Quarter; Company Narrows Net Loss to $1.9 Million WEDNESDAY, NOVEMBER 14, 2001 4:03 PM - BusinessWire PeoplePC Announces Continued Improvement in Operating Results for the Third Quarter; Company Narrows Net Loss to $1.9 Million SAN FRANCISCO, Nov 14, 2001 (BUSINESS WIRE) -- PeoplePC Inc. , the company that makes it easy and affordable to get online, today announced continued improvement in operating results for the third quarter ended September 30, 2001. PeoplePC's net loss for the quarter decreased 97% to just $1.9 million, or less than $0.02 per basic and diluted share, compared to a loss of $64.2 million, or $0.91 per basic and diluted share, in the third quarter of 2000. The company's net revenue increased to $48 million, compared to $25.3 million in the third quarter of 2000. PeoplePC reported a positive gross margin of $10.5 million compared to a loss of $14.6 million in the third quarter of 2000. The continued improvement is reflective of the improved profitability of the company's bundled PC and Internet offerings and its aggressive efforts to reduce its costs of sales, including the cost to provide Internet access to members. Due in part to cost-cutting measures, the company reversed $7.0 million of an accrual previously reserved for future Internet access. Excluding the reversal, the company reported a positive gross margin of $3.5 million. Operating expenses were $13.2 million, a significant decrease over $51.5 million in the third quarter of 2000. "The changes we instituted in the first and second quarter of this year are clearly reflected in this quarter's results," said Nick Grouf, chairman and chief executive officer, PeoplePC Inc. "PeoplePC was able to establish new sales channels that allowed us to grow our member base and also realize cost efficiencies of scale." Nasdaq has terminated its proceeding to delist the Company's stock. The action was related to Nasdaq's recent suspension of its bid price and market value of public float listing requirements. As a result, PeoplePC's listing status will continue, and its common stock will continue to trade under the symbol PEOP. PeoplePC has a plan to hold a separate conference call in December to give guidance for the fourth quarter and the year 2002. PeoplePC will be holding a conference call with investors today, November 14, 2001 at 5:00 p.m. EDT. A live webcast of the conference call will be available on the company's Investor Relations site at . About PeoplePC Founded in 1999, PeoplePC is a company that provides hassle-free digital solutions for people and connects corporations to those who matter most to their business. PeoplePC takes the frustration out of technology by bundling all the compatible components people need in one place, making it quick and easy to get online and add new capabilities to their systems. The pioneer in Custom Connections programs, PeoplePC also works with Fortune 500 companies and other kinds of organizations to create ongoing, relevant digital connections to the people who are important to their success, including employees, partners, customers, salespeople, members, and constituents of all sorts. A global company with offices in the US and Europe, PeoplePC provides complete, simple, and affordable digital solutions so people around the world can enjoy everything technology has to offer without any of the worry. For more information about PeoplePC, visit . This press release contains forward-looking statements that are subject to the assumptions, risks, and uncertainties discussed below. Actual results may vary from those projected in the forward-looking statements. If the Company's assumptions about the future do not materialize or prove to be incorrect, the Company's results could differ materially from those expressed or implied by such forward-looking statements. A forward-looking statement is any statement that looks to future events, including any projections of earnings, revenues, or other financial items; any statements of plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief and any statement of assumptions underlying any of the foregoing. In addition, the above forward-looking statements depend on assumptions relating to our ability to expand our membership and enter into new enterprise agreements, our ability to provide consumer financing for the purchase of our products and services, the willingness of third party vendors to provide products and services on acceptable terms, our ability to meet our obligations under enterprise agreements, the containment of the costs of providing products and services, the containment of customer acquisition costs, our ability to generate revenues from merchant partners, our ability to generate, through operating revenues or through the proceeds of equity or debt financing, sufficient cash to implement our business plan, competition, international expansion, and other risks described from time to time in PeoplePC's Securities and Exchange Commission periodic reports and filings. The Company assumes no obligation to update these forward-looking statements to reflect events that occur or circumstances that exist after the date on which they were made. Further information on potential factors that could affect these forward looking statements and the company's financial results are included in our filings with the Securities and Exchange Commission. Note to Editors: PeoplePC and its logos are among trademarks of PeoplePC, Inc. in the U.S. and other countries. All other trademarks belong to their respective holders.