Applied Cellular Technology (ACTC) Message Board

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Technology Stocks : Applied Cellular Technology (ACTC)

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To: curtis christopher who wrote (935)	9/14/1998 10:27:00 AM
From: jane smith	Read Replies (1) of 1062

I think this is good news: Related QuotesACTC 2 1/32 +15/32 delayed 20 mins - disclaimerMonday September 14, 9:24 am Eastern Time Applied Cellular targets 20 pct EPS growth PALM BEACH, Fla., Sept 14 (Reuters) - Applied Cellular Technology Inc said Monday it is targeting annual earnings per share growth of 20 percent, and implementing a divestiture program to sell non-core business units. The communications technology company also said that, due to current market conditions, it intends to limit the use of stock in future acquisitions, and repurchase up to five million common shares. ''Applied Cellular Technology's dynamic growth model the last three years was driven by acquisitions that added growth to the top and bottom line of the company. Much of this growth was funded by the issuance of common stock,'' chairman Richard Sullivan said in a statement. The company noted that as of June 30th, it suspended using stock to fund acquisitions.

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