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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: neverenough who wrote (16922)10/14/1998 6:27:00 PM
From: Jenna   of 120523
 
TXCC, AMCC,LGTO,VISX beat estimates. TXCC Announces Record Quarterly Revenues and Profitability expected 9 came out with 13
Applied Micro Circuits 2Q Net 22c/Basic Share Vs 55c (beat 2cents)
Legato 3Q Net 19c/Diluted Share Vs 11c

SHELTON, Conn.--(BUSINESS WIRE)--Oct. 14, 1998--TranSwitch Corporation (NASDAQ:TXCC - news) announced today that it has posted record revenue and profit for the third quarter ending September 30, 1998.

Total revenue for the third quarter of 1998 was $12,264,000, a 65% increase over the revenue of $7,438,000 reported for the third quarter of 1997. In addition, the Company reported a net income of $1,921,000, or $.13 per share, for the third quarter of 1998, compared to a net income of $178,000, or $.01 per share, for the third quarter of 1998
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VISX
VISX Reports Record Sales and Earnings
SANTA CLARA, Calif.--(BW HealthWire)--Oct. 14, 1998--VISX, INCORPORATED (Nasdaq NM Symbol:VISX - news) today announced financial results for the third quarter ended September 30, 1998.

Revenues for the third quarter of 1998 were $35,844,000 compared to $17,967,000 for the comparable period of the prior year. Income from operations for the third quarter of 1998 was $15,843,000 compared to $4,519,000 for the comparable period of the prior year. Net income was $14,732,000 or $0.89 per share in the third quarter of 1998 compared to net income of $5,055,000 or $0.32 per share in the comparable period of the prior year.
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