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Here's a summary from Dow Jones:
January 31, 2000
Dow Jones Newswires
SDL Inc. 4Q Net 32c/Diluted Shr Vs 10c
SDL Inc. - San Jose, Calif.
4th Quar Dec. 31:
1999 a 1998
Revenues $58,677,000 $30,535,000
Net income 11,995,000 3,144,000
Avg shrs (basic) 35,511,000 29,338,000
Avg shrs (diluted) 37,687,000 30,938,000
Shr earns (basic)
Net income .34 .11
Shr earns (diluted)
Net income .32 .10
a. Restated to reflect the May 1999 acquisition of IOC International PLC.
SDL Inc. (SDLI) said its terrrestrial and undersea fiber optic markets drove its latest fourth quarter revenue up 92%, triggering a 282% net income growth.
SDL said revenue from its fiber optic communications products grew by 179%. The company said it had 40% sequential growth in all three of its major markets: terrestrial, undersea and metro/cable.
SDL said more than 50% of its fourth quarter communications revenue came from products first introduced into production last year.
The company said its believes these products and new ones planned for launch in March, will continue to broaden its customer base and support strong growth into the future.
SDL provides products that help power data transmission, voice and Internet information over fiber optic networks.
Year Dec. 31:
1999 a 1998
Revenues $187,021,000 $112,792,000
Net income b 25,213,000 7,903,000
Avg shrs (basic) 32,160,000 28,718,000
Avg shrs (diluted) 34,235,000 30,362,000
Shr earns (basic)
Net income b .78 .28
Shr earns (diluted)
Net income b .74 .26
a. Results restated to reflect the May 1999 acquisition of IOC International PLC.
b. Includes a $2.7 million charge related to the IOC acquisition and in-process research and development expenses of $1.5 million. Excluding the items, the company earned $29.9 million, or 87 cents a diluted share.
-Consella A. Lee; Dow Jones Newswires; 201-938-5400
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