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Technology Stocks : INEL - Inteligent Electronics ?

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To: James Strauss who wrote (202)	2/16/1998 9:46:00 PM
From: Dr. Id	of 234

XLCT reported on President's Day: XLConnect(R) Reports Increased Revenues and Net Earnings for Fourth Quarter And Year End Results EXTON, Pa., Feb. 16 /PRNewswire/ -- XLConnect Solutions, Inc. (Nasdaq: XLCT - news) today reported fourth quarter revenues of $32.5 million. Net income for the quarter was $1.4 million or $0.08 per share. Revenues for the year ended December 31, 1997 were $135.7 million with net income of $5.0 million or $0.30 per share. On a pro forma basis, which reflects the sale of specified managed services contracts and related assets in July 1997, fourth quarter revenues grew 33% to $32.5 million over pro forma fourth quarter 1996 revenues of $24.5 million. Pro forma net income for the fourth quarter grew 311% to $1.2 million or $0.07 from $285 thousand or $0.02 per share on a pro forma basis for 1996. For the twelve months ended December 31, 1997, pro forma revenues were $124.9 million, up 29% as compared with 1996 pro forma revenues of $97.2 million. Pro forma 1997 earnings were $4.5 million or $0.27 per share, up 187% compared with pro forma 1996 earnings of $1.6 million or $0.11 per share. Wonder what this will mean for INEL? JB

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