Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who started this subject	5/16/2001 4:16:25 PM
From: Frederick Langford	Read Replies (1) of 6873

ADIC Reports Second Quarter Sales of $94.8 Million as Annual Growth Tops 46 Percent -- Sales Growth Reflects Strength in Branded, OEM Business -- Business/High Tech Editors REDMOND, Wash.--(BUSINESS WIRE)--May 16, 2001--ADVANCED DIGITAL INFORMATION CORPORATION (Nasdaq:ADIC) today announced sales grew 46 percent to $94.8 million for the second quarter ended April 30, 2001 versus sales of $64.9 million for the same period a year ago. Earnings were $7.9 million, or 15 cents per diluted share, for the quarter. Excluding the effect of a one-time asset sale in the same period last year, comparable earnings for the second quarter of 2000 were $7.6 million, or 14 cents per share. "ADIC experienced another quarter of exceptional revenue growth when compared to both the same quarter last year and the immediately preceding quarter," according to Chairman and Chief Executive Officer Peter van Oppen. "After growing 41 percent in the first quarter, we are extremely pleased to post sales growth of 46 percent for the second quarter together with an increase in our gross profit percentage from 29.4 to 31.0 percent between the first and second quarters of fiscal 2001," he said. The Company attributed the increased sequential gross profit percentage to an increased proportion of ADIC(R) branded sales versus OEM sales for the period as well as to improved margins on OEM business. OEM sales represented 38 percent of revenues for the second quarter, down from 45 percent in the first quarter of fiscal 2001. The gross profit percentage in the second quarter of fiscal 2000 was 36.1 percent at a time when OEM sales, which characteristically have a lower gross profit percentage, represented 22 percent of total sales..... Fred

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