CPNE.OB

[raspi]

news out. and a good one
http://biz.yahoo.com/bw/070402/20070402006353.html?.v=1

CommercePlanet Provides Stock Repurchase Program Update
Monday April 2, 4:59 pm ET

GOLETA, Calif.--(BUSINESS WIRE)--CommercePlanet, Inc. (OTCBB:CPNE - News) today provided an update on the Company's stock repurchase program. As of today, the Board of Directors has purchased approximately $1,000,000 of the Company's outstanding common stock pursuant to its stock repurchase program.

The Company has been making open market repurchases of its open stock since the inception of the program in November 2006. According to the program, CommercePlanet may repurchase up to $2,000,000 of its common outstanding stock through open market or privately negotiated transactions at prices deemed appropriate by management. The timing and amount of repurchase transactions under the program depend on market conditions and other considerations and are made in compliance with applicable federal and state securities laws and regulations. The purchases are funded from available working capital. The stock repurchase program will be effective through December 31, 2007.

"This stock repurchase program is an indication of the tremendous confidence we have in the strategic direction of the company and our ability to execute on our operational plan in the longer term," stated Michael Hill, Chairman of the Board and Chief Executive Officer. "We believe that at our current stock price valuation, continuing this program makes good sense and sends the message that we feel the market does not yet fully appreciate the opportunity that CommercePlanet affords."

Membership Growth and Quarterly Guidance

In addition, the Company announced today that, effective with the quarter ended March 2007, the Company will replace monthly and quarterly membership numbers that it had previously reported with more relevant quarterly financial guidance. "CommercePlanet has continued to grow and at this stage in our development, we believe it is important to structure the financial metrics we provide to shareholders so that they have the most meaningful information about our Company," said Mr. Hill.

[soxguy]

Nice buy Raspi. Very timely. I'm still watching.

[la-onda]

nice bounce back 

[422fwhp]

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Had been on my screen of "quotes" and noticed a nice gain today.  May be time to watch this one closer.

 

[raspi]

http://biz.yahoo.com/bw/070412/20070412006045.html?.v=1

I think we are OK  . This should soon go to $4 

Commerce Planet, Inc. Provides Preliminary First Quarter 2007 Financial Results
Thursday April 12, 6:38 pm ET

GOLETA, Calif.--(BUSINESS WIRE)--Commerce Planet, Inc. (OTCBB:CPNE - News), an online media company, and its wholly owned subsidiaries today reported preliminary operating income and revenues for the first quarter of 2007, ended March 31, 2007.

ADVERTISEMENT
The company expects operating income, including non-cash items of $0.5 million, to be $4.1 million for the first quarter of 2007, up approximately 650% from operating income of $0.5 million for the same period in 2006. Consolidated revenue is expected to be approximately $13.0 million for the first quarter of 2007, an increase of 230% compared with $3.9 million for the same period in 2006. These financial results are based on preliminary financial data and are subject to the final closing of the Company's books and records.

Michael Hill, CEO of Commerce Planet, stated, "This quarter we saw the positive impact of the infrastructure build out over recent quarters and the solid execution of our corporate strategy. Our cash operating income, excluding the non-cash expenses of $.05 million, equates to $4.6 million for the quarter. Looking ahead, we believe we have put the building blocks in place for continued growth as we expect to benefit from organic growth as well as from expansion opportunities, which we continuously explore as part of our long-term growth strategy."

[soxguy]

I nevered bought this,but keep it on my radar. Why is it selling off like this? Sell on the news?All the earnings priced in? A return to $1.50? Stay tuned>

[raspi]

I sold at $2.3 but I don't understand this stock at all.... If I did investing would be much easier.. I think this continuous selling pressure into any kind of news must indicate more dilution.

[brandyjoco]

I expected the sell off.  I usually don't hold thru earnings so I sold most of mine at about 2.13 and then the remainder today at $2.33.

The earnings was not that great and most investors in CPNE are looking for a short term profit.  I'm a little nervous about the monthly churn rate and whether earning will continue to grow.

P.S. The DowJones & Nasdaq have major NEGATIVE divergences at right now. They are both at the top of their channels (rising wedges).  I think the market will sell off so I am completely in cash now. Please be careful....

[Ares]

This is how I see CPNE on the chart.
Any comments?
Please let me know if I charted it incorrectly.

[bjc]

"The earnings was not that great and most investors in CPNE are looking for a short term profit."

I agree that many traders may be looking for short term profit in CPNE, but I disagree that the earnings were not that great.  They'll probably be in the 10 cents range again.  We're going to have in the range of 30 cents EPS.  The dropoff hasn't occurred like many expected. 

This is a sketchy stock though.  Sure wish I took some profit above 3.  Still holding from basically the current levels before the run, sold half for small loss.

[la-onda]

fyi:
Commerce Planet Reports Preliminary Revenue & Operating Income for the 2nd Quarter of 2007
Monday , August 06, 2007 08:33ET

GOLETA, Calif., Aug 06, 2007 (BUSINESS WIRE) -- Commerce Planet, Inc. (OTCBB:CPNE) today reported preliminary revenues and operating income for the second quarter of 2007, posting the sixth consecutive quarter of profitability. Revenue for the quarter ending June 30, 2007 is expected to be in the range of $10,500,000 to $11,000,000, an increase of 48% to 55% from revenue of $7,086,818 for the same period in 2006. Year-to-date revenue is expected to be in the range of $23,750,000 to $24,250,000, an increase of 116% to 120% from revenue of $11,019,161 for the same period in 2006.

Operating income for the quarter ending June 30, 2007 is expected to be in the range of $1,900,000 to $2,100,000, compared to $2,475,588 for the same period in 2006, reflecting additional costs incurred as a result of poor quality sign-ups during the first quarter of the year. Year-to-date operating income is expected to be in the range of $6,000,000 to $6,200,000, an increase of 100% to 105% from operating income of $3,010,175 for the same period in 2006. The Company's complete financial results can be viewed in its Form 10-QSB filing for the quarter ended June 30, 2007.

"We are pleased with our preliminary results for the second quarter, which reflect the success of our initiatives to increase the quality of our sign-ups and position the Company to become a leading online media company," said Michael Hill, Chief Executive Officer of Commerce Planet. "During the second quarter of 2007, we reduced our advertising spend to focus our marketing investment in areas that provided higher quality sign-ups. This strategy was to offset the increase in poor quality sign-ups we, and the industry overall, was experiencing in the first quarter of the year. While membership revenues were sequentially lower during the second quarter as a result of our lower advertising spend, we did generate significant income and will have more than doubled our revenue and nearly tripled our income for same period, last year. Additionally, we believe we have re-established a better quality revenue stream and thus positioned ourselves for more sustainable long-term growth."

Mr. Hill continued, "As a consequence of the lower-quality sign-ups in the first quarter of the year, we did experience a higher than normal return rate and chargeback rate during the second quarter which negatively impacted costs. Despite the higher return rate, gross revenues are still expected to have increased 48% to 55% in the second quarter year-over-year. It is also important to note that on a six-month basis, both net profit and EBIDTA margins are expected to improve, thus validating the strength of our business model. In addition, our financial position remains strong with a debt-free balance sheet."

President Charlie Gugliuzza added, "During the quarter we strategically refocused the Company on lead generation and data acquisition by launching new web properties, expanding our Costa Rican call center and augmenting our customer tools with White Email Deployment Network. Also, subsequent to the end of the quarter, we expanded our marketing efforts in video ad serving and lead generation through the launch of MyFlick.com. These initiatives will further strengthen our competitive advantage as we continue to transform Commerce Planet into a leading online media company. Furthermore, we have taken action to help qualify the customer leads at the point of acquisition by implementing a series of customer verification tools."

[boatguy]

Moving up with volume, squeeze on

[Stocky2000]

bought today...this will go wild....good news today...chart ready firework if we break 0.96