This is why FOSL did so well today: earnings; RINO did exceedingly well also up 18%..I liked RINO's chart and prospects and followed that company curiously the past few days (reminds me of SALT another unusual company that was an earnings play). Not a typical 'trading stock' but who cares. TAGS another one had a big volume surge today as well as a price surge. TAGS average volume is a little under 90k and today volume was over 204,000.. VRSN which showed increased strength in the last trading sessions see below:
RINO:
On September 17, 1998 J.C. Bradford & Co. analyst Robert Bolen issued a 11 page Company Report on Blue Rhino Corp. Report highlights: 'A BUY rating was maintained. Dramatic earnings growth is expected over the next few years, and stock appreciation is expected to follow. The company announced a loss of ($0.28) per share for the third quarter in 1998. The company identified over 100 target acquisition candidates, of which more than a quarter have 200+ retail locations. This is also expected to provide growth opportunities.'
FOSL:
Fossil Profits Spring 87% On Record Sales
RICHARDSON, Texas--(BUSINESS WIRE)--Feb. 23, 1999--Fossil, Inc. (NASDAQ:FOSL - news) reported net income of $12.7 million ($0.58 per share on a diluted basis) for the thirteen-week period ended January 2, 1999 (''Fourth Quarter 1998''), representing a 87% increase over net income of $6.8 million ($0.32 per share on a diluted basis) for the thirteen-week period ended January 3, 1998 (''Fourth Quarter 1997''). Operating income was $22.0 million (21.8% as a percentage of net sales) for the Fourth Quarter 1998 compared to $12.6 million (15.8% as a percentage of net sales) for the Fourth Quarter 1997. During fiscal year 1998, net income increased 70% to $32.2 million ($1.48 per share on a diluted basis) from $18.9 million ($0.91 per share on a diluted basis) in 1997.
Net sales increased 27.3% to $101.1 million for the Fourth Quarter 1998 over the $79.4 million reported for the Fourth Quarter 1997. Net sales for fiscal year 1998 reached $304.7 million, an increase of 24.5% over fiscal year 1997. Significant sales volume increases in the Company's FOSSIL brand watches fueled the record sales levels during the Fourth Quarter 1998. Also adding to the sales growth for the current quarter and year were increased sales stemming from the Company's European operations, the continued roll-out of the Company's licensed line of watches, increased sales volume and unit openings of Company-owned stores and increased sales from its other accessory categories.
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VRSN Netscape, Verisign in deal on Web security software
MOUNTAIN VIEW, Calif., Feb 23 (Reuters) - Netscape Commmunications Corp. (Nasdaq:NSCP - news), the Internet software and media company, and computer identification supplier VeriSign Inc. (Nasdaq:VRSN - news) on Tuesday said they agreed to a broad deal to promote Internet security software.
Netscape, whose business include Netcenter, one of the Web's most visited sites, said it reached a multi-year deal with VeriSign to promote secure electronic commerce and communications for corporate networks over the World Wide Web.
The deal is the first to create a one-stop destination on a major Web site for computer users shopping for electronic commerce and communications software, the partners said.
Verisign stock rose $9.25, or 9.5 percent, to $106.37, while Netscape rose 5 percent to $79.44, up $2.81 on the day, both in Nasdaq trading, amid a rally in Internet stocks.
The deal calls for the two companies to take part in joint efforts including the creation of a new Netcenter Security Center on Netscape's popular Web site. Netcenter supplies, news, free e-mail, online discussion boards and shopping services to millions of visitors each month.
In addition, Netscape agreed to further integrate into its various software products VeriSign's digital certificate services, which serves to authenticate the identities of computer users.
Netscape also gave VeriSign the title of premier provider of digital certificate and Internet trust services for Netscape customers. |
