Fast did profit for Q2

[lazerzubb]

[fast.no...]

Very good fast!

[Rumbas]

Net income more than doubled from $0.3 million in Q1 to $0.8 million in Q2 2002

Going the right way in Norway I guess?
Keep it up, we need the competition.

[heini]

In fact Fast would have improved income and profits considerably if it weren't for the KPNQWest crash.
This has hit them (and FAST stocks) hard, but obviously they are done with it.

What reads good in the Q2 Highlights is the broadening of the customer base with top 10 customers accounting for 65% of revenues in Q2, as compared to previously 88%.

All in all they are in a good position in the corporate search market and have improved - in small steps though - in the portal websearch market.

Says Ali Riaz, Fast CFO: “Cost control and continued acceptance of our products even during this overall difficult market clearly place FAST in an exceptional position when the market improves”.

Right. So we're all waiting for the market to improve. And we're waiting for the next round of dating at MSN and Y!...

[Tor]

The fast share price has dropped over 25% on the Norwegian stock exchange today! If you look closer at the financial statement for the second quarter there are several warning-lights. One of them is the fact that the company had a negative cash-flow of USD 3.9 mill. in the 2nd. quarter.

[lazerzubb]

I noticed that Yesterday too, but i would still rather go with profit and a negative cash-flow, than make a loss and have a possitive cash-flow.

I Think it will increase anyway under mainly Q4