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&#039Net Earnings Roundup: Gadzoox tops estimates

    Gadzoox Networks (Nasdaq: ZOOX) slipped past analysts' estimates in its fourth quarter Monday, posting a loss of $3.4 million, or 13 cents a share, on sales of $15.1 million.

    First Call Corp., an earnings tracking firm, expected Gadzoox to lose 18 cents a share in the quarter.

    Its shares closed up 3/4 to 32 3/8 ahead of the earnings report.

    The $15.1 million in sales marks a 99 percent improvement from the year-ago quarter when it lost $4.2 million, or 22 cents a share, on sales of $7.6 million.

    "We are extremely proud of our financial performance in the fourth fiscal quarter and our continued impact on developing the SAN market," said CEO Bill Sickler in a prepared release.

    For the year, Gadzoox lost $10.3 million, or 43 cents a share, on sales of $47.9 million, up 93 percent from fiscal 1999 when it dropped $15.9 million, or 91 cents a share, on sales of $24.8 million.

    Gadzoox shares raced up to an all-time high of 109 7/8 in August before plummeting to a low of 18 1/2 earlier this month.

    Analysts expect it to lose 17 cents a share in fiscal 2001.

    Among other Internet companies reporting earnings Monday:

  • InterWorld Corp. (Nasdaq: INTW) posted a smaller-than-expected loss in its first quarter, losing $7.3 million, or 26 cents a share, on sales of $15.2 million.

    Its shares closed off 3 3/16 to 23 1/8 ahead of the report.

    A survey of analysts by First Call Corp. predicted the e-commerce software developer would lose 28 cents a share in the quarter.

    The $15.2 million in sales represents a 117 percent improvement from the year-ago quarter when it lost $7.2 million, or 52 cents a share, on sales of $7 million.

  • GoTo.com Inc. (Nasdaq: GOTO) also beat the Street in its first quarter, posting a loss of $9 million, or 20 cents a share, on sales of $17.2 million.

    First Call consensus expected it to lose 33 cents a share in the quarter.

    In the year-ago quarter, GoTo.com lost $7.4 million, or 24 cents a share, on sales of $1.4 million.

    Its shares closed off 1 3/8 to 34 1/2 ahead of the earnings report.

  • internet.com Corp. (Nasdaq: INTM) finished in the black for the first time in its brief history as a publicly traded company, posting a first-quarter profit of $85,000 on sales of $9.6 million.

    Analysts were expecting a loss of 2 cents a share this quarter.

    The $9.6 million in sales marks almost a 500 percent jump from the year-ago quarter when it lost $1.3 million, or 8 cents a share, on sales of $1.6 million.

    Its shares closed off 2 1/8 to 13 5/8 in Monday's regular trading session.

  • eShare Technologies Inc. (Nasdaq: ESHR) topped analysts' estimates in its first quarter Monday, but its total sales fell almost one-third from the year-ago period.

    In the quarter, it lost $822,000, or 4 cents a share, on sales of $20.4 million.

    First Call consensus pegged it for a loss of 16 cents a share in the quarter.

    In the year-ago quarter, it lost $3.3 million, or 16 cents a share, on sales of $29.1 million.

    Its shares closed off 23/32 to 7 9/32 ahead of the earnings report.

  • DigitalThink Inc. (Nasdaq: DTHK) slipped past Street estimates in its fourth quarter, losing $5.7 million, or 19 cents a share, on sales of $4.3 million.

    First Call consensus expected it to lose 23 cents a share in the quarter.

    The $4.3 million in sales marks a 527 percent jump from the year-ago quarter when it posted a loss of $2 million on sales of $690,000.

    Its shares ended off 3/4 to 18 7/8 in Monday's regular trading session.>