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Technology Stocks : Wind River going up, up, up!
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To: lkj who wrote (9636)5/17/2001 4:30:39 PM
From: Don Lloyd  Read Replies (1) of 10309
 
biz.yahoo.com

Thursday May 17, 4:08 pm Eastern Time
Press Release
Wind River Systems Reports First Quarter Earnings Per Share of 6 Cents
ALAMEDA, Calif.--(BUSINESS WIRE)--May 17, 2001--Wind River Systems, Inc. (Nasdaq:WIND - news), a leading provider of software and services for connected smart devices, reported its first quarter fiscal 2002 operating results for the period ended April 30, 2001.

Total revenues for the first quarter were $110.2 million, a 20% increase from revenues of $91.6 million reported in the same period of fiscal year 2001. Operating Income (excluding non-operating charges) was $5.3 million or 4.8% of revenue as compared with $3.4 million or 3.7% of revenue in the first quarter last year. Net income (excluding non-operating charges) was $4.9 million or $0.06 per diluted share as compared with $7.8 million or $0.11 per diluted share in the first quarter last year. Non-operating charges include costs associated with various acquisitions and the amortization of goodwill, purchased technology and other intangibles.

``We are proud to have reached our guidance on profitability for the quarter despite a business environment that forced many of our customers to delay their research and development investment decisions,'' said Mike Zellner, Vice President and Chief Financial Officer of Wind River. ``As we announced earlier this month, we are actively managing our cost structure to position Wind River for continued success.'' ...

Regards, Don
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