there is a very big DSL show in boston opening today called DSLcon 2000 fall. you can reach it at:
www.dslcon.com
DSL is coming into its own and the forecasts here are very strong according to Forrester and others...and my Business Week (last week's issue). TBTI has been INTO DSL for quite some time and the company is hearing a lot of DSL from their customers/vendors/suppliers. The fact that they just brought in a new chief marketing manager for broadband speaks to their commitment to this technology.
Yest release (see prior post) was a good indication of one of the areas where they will hit this mkt and they have add'l dsl products out there now...and are devoting resources to further their penetration of the dsl mkt.
they are an exhibitor at this show and have their own booth. anybody who lives near boston and owns the stock may want to go and get a look see.
6mo numbers were very impressive ( profits of 22 cets per sh w/2nd qtr exceeding 1st) and w/only 1.8m shares out there is not a lot of stock avail.
Telebyte Reports Second Quarter Results
GREENLAWN, N.Y.--(BUSINESS WIRE)--Aug. 14, 2000--Telebyte Inc. and its subsidiary (OTC BB: TBTI - news), a manufacturer of data communications equipment, today released its financial results for the quarter ended June 30, 2000.
Telebyte reported revenues for the six months ended June 30, 2000 of $3,252,905, an increase of 19% as compared to $2,728,246 for the similar period in 1999. Income for the six months ended June 30, 2000 was $349,908 or $.22 diluted per share, an increase of 211% as compared to $112,515 or $.09 diluted per share for the same period in 1999. Revenues for the second quarter ended June 30, 2000 were $1,570,600, an increase of 15% as compared to $1,362,966 for the similar period in 1999. Income for the second quarter ended June 30, 2000 was $182,950 or $.12 diluted per share, an increase of 314% as compared to $44,139 or $.03 diluted per share for the same period in 1999.
``We are pleased with the Company's sales and earnings growth during the second quarter,'' commented Michael Breneisen, Telebyte's President and Chief Operating Officer. He stated that the results are a testimony to the success of the strategies and initiatives the Company has implemented over the last 18 months. The Company continues to focus its engineering and marketing efforts on its Digital Subscriber Line (DSL) test equipment product line. Introduction of a multi-line wireline simulator, which can simulate up to 16 local loops up to 20,500 feet each, is expected during the fourth quarter of 2000. The target market for this product will be the manufacturers of DSL modems. |
