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Grabbed the first 3-4 paragraphs from the article.
From what I can tell, we beat the estimate (-.46) so
I am a little confused as well as to why the stock is
down. But then again, I've watched this happen the
past week with my shares of IBM and LU (who beat their
estimates as well). Good luck to all.




CyberCash, Inc. Reports Fourth Quarter and Year-End
1998 Results

RESTON, Va., Jan. 26 /PRNewswire/ -- CyberCash, Inc. (Nasdaq:
CYCH), the world leader in e-commerce payment technologies and
services, today announced business and operating results for the fourth
quarter and year ended December 31, 1998. CyberCash reported revenues
of approximately $4.4 million for the three months ended December 31,
1998, up 120% from $2.0 million in the fourth quarter of 1997. The
company reported a ($0.46) per share loss during the 1998 fourth quarter.
For the year, CyberCash had revenues of $12.6 million versus $4.5 million
in 1997, while losses amounted to ($2.15) per share.

"In October, we indicated that the fourth quarter could be affected by a
seasonal decrease in the number of merchants signing up for CyberCash
products and services, as most merchants could be expected to focus their
efforts on the busy holiday season, and our judgment was accurate" said
Bill Melton, CyberCash chairman and chief executive officer. "With most
merchants focusing their efforts on the high volume of transactions during
the busy holiday season, merchant acquisition and expansion naturally
slowed. Looking forward, the record number of Internet purchases
reported in November and December further increases our confidence that
electronic commerce is no longer a dream. As our revenues during the year
have continued to grow steadily, CyberCash has and will continue to play a
pivotal role in enabling the speed and convenience of online commerce,"
said Melton.

CyberCash is currently the only company providing merchants with a full
suite of secure, convenient payment technologies, enabling them to send
payments from a retail store cash register or over the Internet to a
payment processor. CyberCash provides the vital link between the
merchant and the credit card processing network, allowing merchants to
receive credit card authorization and payment settlement from their
acquiring banks. CyberCash offers merchants a cost-effective business
solution for merchant payment processing in the traditional retail store, as
well as a path to migrate to the Internet.
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