AWRE up about 10 right now....
Aware allays DSL fears
Last Update: 11:54 AM ET Oct 19, 2000:
Thursday, October 19, 2000
--11:54 am - By Tomi Kilgore
Aware, Inc. (AWRE: news, msgs) is flying $10.63, or 52 percent, to $31. The developer of digital subscriber line technology said it earned 15 cents per share in the third quarter, compared with EPS of 6 cents in the year-earlier period, and the average analyst estimate compiled by First Call of 12 cents. Revenue rose 50 percent over last year to $8.1 million. Royalty fees rose 203 percent. Commenting on the quarter, Michael Tzannes, Aware's chief executive, said: "Aware is a quality company in a quality industry. We have never felt better about our business and our future." On Wednesday, the stock tumbled $11, or 35 percent, as investors soured on DSL companies after Covad Communications s(COVD: news, msgs) missed quarterly estimates due to an inability of a number of its smaller ISP customers to pay their bills.
From CBS MarketWatch |
