Company Piper Estimates Consensus Q1 Guidance Upside Potential/ Report/ Call Date EPS Rev EPS Rev EPS Rev Likely Stock Action Week of Apr 18 Yahoo! 4/19 $0.10 GAAP $789.7 $0.11 GAAP $795.5 $290-310 $765-805 Upside + guidance incrs. 2:00PM PST EBITDA Positive eBay 4/20 $0.17 GAAP $1,028.3 $0.17 GAAP $1,032.0 $0.16-0.17 GAAP $1.01-1.03B In Line to negative 2:00PM PST $0.18 PF $0.18 PF $0.17-0.18 PF Neutral to negative Getty Images 4/20 0.54 GAAP $178.9 $0.54 GAAP $178.0 $0.51-0.54 $175-180 Modest upside 2:00PM PST Neutral to Positive Netflix 4/21 ($0.30) GAAP $150.5 ($0.28) GAAP $151.7 $0.03-$0.08 $149-154 In Line 2:00PM PST ($0.20) PF ($0.19) PF Neutral DoubleClick 4/21 $0.02 GAAP $72.7 $0.02 GAAP $73.9 ($0.01)-$0.03 $70-75 In Line 2:00PM PST Neutral to positive Overstock 4/21 ($0.13) GAAP $153.4 ($0.12) GAAP $142.3 In Line 5:30AM PST (4/22) Neutral to negative Week of Apr 25 CNET 4/25 ($0.01) GAAP $74.1 ($0.01) GAAP $73.9 ($0.02-$0.01) $71-74 Upside 2:00PM PST Neutral to Positive FTD 4/26 $0.22 PF $121.4 $0.22 PF $122.6 In Line 7:00AM PST Neutral Amazon 1 4/26 $0.11 GAAP $1,918.2 $0.18 GAAP $1,896.0 $105-135M OI $1800-1950 In Line 2:00PM PST $0.17 PF $0.23 PF Negative to Neutral InfoSpace 4/26 $0.36 GAAP $85.4 $0.36 GAAP $85.6 $0.34-0.35 $84-86 Upside + guidance incrs. 2:00PM PST Positive HouseValues 4/26 $0.08 GAAP $15.9 $0.08 GAAP $15.9 $0.07-0.09 $15-16.5 Upside 2:00PM PST Positive NetEase 4/26 $0.45 GAAP $34.9 (net) $0.47 GAAP $35.5 $0.44-0.46 $36.5-37.5 Upside 6:00PM PST Positive Digital River 2 4/27 $0.31 GAAP $49.3 $0.30 GAAP $53.7 $0.33 GAAP $53.5 In Line with Pos Preann. 1:45PM PST $0.43 PF $0.50 PF $0.50 PF Positive to Neutral GSI Commerce 4/27 ($0.07) GAAP $80.0 ($0.07) GAAP $81.8 ($0.07-$0.08) $78-83 Upside 1:45PM PST Neutral to Positive Ask Jeeves 4/27 $0.24 GAAP $93.7 $0.26 GAAP $94.2 $0.24 GAAP $94.0 In Line 2:00PM PST $0.35 PF $0.34 PF $0.34 PF Neutral Sohu 4/27 $0.15 GAAP $22.6 $0.15 GAAP $23.0 $0.14-$0.16 $22.5-23.5 In Line 6:00AM PST Neutral Looksmart 4/28 ($0.03) GAAP $13.5 ($0.03) GAAP $12.8 ($0.04) GAAP $12-14 In Line 3:00PM PST Neutral Ctrip 4/28 $0.23 GAAP $10.9 $0.22 GAAP $10.8 $0.23 $10.1-$10.9 Upside 6:00PM PST Positive Week of May 2 United Online 5/3 $0.18 GAAP $128.1 $0.18 GAAP $127.9 $126-$129 In Line 2:00PM PST $0.24 PF $0.25 PF Neutral IACI 5/4 $0.10 GAAP $1,612.0 $1,637.0 In Line 8:00AM PST $0.21 PF $0.20 PF Neutral Jupitermedia 3 5/4 $0.15 GAAP $22.5 $0.15 GAAP $20.9 $0.14 GAAP $19.2-19.7 Upside 8:00AM PST Positive aQuantive 5/4 $0.05 GAAP $57.6 $0.05 GAAP $57.7 $0.02-0.05 GAAP $55-59 Upside 1:30PM PST Positive ValueClick 5/4 $0.08 GAAP $48.6 $0.08 GAAP $48.9 $0.08 GAAP $48-49 Upside 1:30PM PST Postive Real Networks 5/4 ($0.02) GAAP $75.3 ($0.02) GAAP $74.0 $73-74.5 In Line 2:00PM PST Neutral Blue Nile 5/4 $0.12 GAAP $43.5 $0.12 GAAP $43.6 $0.10-0.12 GAAP $42-44 In Line 2:00PM PST Neutral 24/7 Real Media 5/4 ($0.02 )GAAP $26.6 NE $26.7 $26-27 Upside 5:30AM PST (5/5) $0.02 PF $0.02 PF $0.01-0.02 PF Positive Homestore 5/5 ($0.03) GAAP $57.0 ($0.02) GAAP $55.9 In Line 2:00PM PST Neutral to Positive Sina 5/5 $0.19 GAAP $45.2 $0.18 GAAP $46.3 $0.32 GAAP $43-47 In Line 6:00PM PST $0.20 PF $0.22 PF $11-13 PF NI Neutral Week of May 9 Marchex 5/10 ($0.03) GAAP $17.7 ($0.06) GAAP $17.7 Upside 1:15PM PST $0.06 PF $0.09 PF Positive TBD Shanda $0.34 GAAP $59.4 $53.6 Upside $0.33 PF Positive Priceline $0.12 GAAP $237.6 $0.09 GAAP $241.2 $0.07-$0.11 GAAP In Line $0.21 PF $0.20 PF $0.18-$0.22 PF Neutral Linktone $0.11 GAAP $15.2 $0.10 GAAP $14.1 $0.11 GAAP In Line $0.13 PF Neutral to Positive Tom Online $0.22 GAAP $34.8 $0.21 GAAP $35.4 $35.5-36.2 In Line $0.20 PF Positive to Neutral 51job $0.03 GAAP $15.9 NA NA $0.02-0.03 $15.9-16.7 In Line NA Positive to Neutral Hurray! $0.23 GAAP $14.9 $0.23 GAAP $14.8 In Line $0.24 PF Positive 1) Piper Amazon estimates assume 33% tax rate. Ex taxes, our GAAP and PF est are $0.19 and $0.25. 2) Companies positively preannounced - guidance reflects increased estimates 3) Piper revenue estimate accounts for early closing of Dynamic Graphics acquisition.