CITADEL LISTED in TECHNOLOGY FAST 500
biz.yahoo.com
Tuesday November 17, 11:00 am Eastern Time
Company Press Release
Alpha Technologies and Texas Biotechnology Group Lead 13 Texas-Based Companies On Deloitte & Touche LLP Technology Fast 500
Texas Companies Give Southwest the Largest Gains in Revenues in Entire U.S.
SAN JOSE, Calif.--(BUSINESS WIRE)--Nov. 17, 1998-- Alpha Technologies Inc. and Texas Biotechnology Group Inc., both of Houston, Texas lead the list of 13 Texas-based companies with supercharged growth, according to the Fourth Annual Technology Fast 500 listing announced Tuesday by Deloitte & Touche LLP.
Ranking for the Fast 500 listing is based on percentage growth in revenue over a five-year period (1993 to 1997).
''The stratospheric growth of Alpha Technologies, Texas Biotechnology and eleven other fast-growing Texas-based companies gave the Southwest the largest gains in revenues among technology companies in the entire United States,'' said Mark A. Evans, managing director of Deloitte & Touche's High Technology Industry Group in San Jose.
''The Southwest showed an average 5,339 percent average jump in revenues, compared to average growth rates for the entire United States of 2,958 percent.
''The revenue growth of the Southwest is especially impressive in that only 21 companies on the Fast 500 are based in this region, compared to 175 companies based in the West,'' Evans added.
Ranked the 7th fastest growing technology company in the country, Alpha Technologies Group Inc. [Nasdaq:ATGI - news], a semiconductor and components company, showed a growth of 29,228 percent, growing from $258,000 in 1993 to $75,665,000 in 1997. Texas Biotechnology Corp. [AMEX:TXB - news], a biotechnology company, ranked Number 26 with a growth of 11,172 percent, growing from $150,000 in 1993 to $16,908,000 in 1997.
The Number One-ranked company on the Fast 500 for 1998 is Advanced Fibre Communications [Nasdaq:AFCI - news] Inc., a communications company in Petaluma, Calif., which showed a revenue growth increase of 43,103 percent. The company's revenues moved from $620,000 in 1993 to $267,858,000 in 1997.
Of all the Texas-based Fast 500 winners, only Polyphase Corp. [AMEX:PLY - news] appeared for three consecutive years (1996, 1997 and 1998). I2 Technologies [Nasdaq:ITWO - news] Inc. appeared for the second consecutive year (1997 and 1998). Two companies -- Texas Biotechnology Corp. and Vtel Corp [Nasdaq:VTEL - news]. -- appeared in two non-consecutive years (1996 and 1998).
The 13 Texas-based companies that appear on the 1998 Fast 500 listing are (in order of ranking based on percentage growth in revenue over a five-year period (1993 to 1997):
No. 7 - Alpha Technologies Group Inc. of Houston - 29,228 percent
No. 26 - Texas Biotechnology Corporation of Houston - 11,172 percent
No. 32 - Metrowerks Inc. [Nasdaq:MTWKF - news] of Austin - 9,842 percent
No. 80 - I2 Technologies Inc. of Irving - 4,212 percent
No. 104 - HighwayMaster Communications Inc. of Dallas - 3,181 percent
No. 153 - Citadel Technology Inc. [OTC BB:CITN - news] of Dallas - 2,074 percent
No. 155 - Telscape International Inc. [Nasdaq:TSCP - news] of Houston - 2,000 percent
No. 157 - Polyphase Corporation of Dallas - 1,974 percent
No. 195 - ObjectSpace Inc. of Dallas - 1,629 percent
No. 293 - Ross Technology Inc. [OTC BB:RTEC - news] of Austin - 1,083 percent
No. 352 - Industrial Data Systems Inc. of Houston - 861 percent
No. 364 - Cyberonics Inc. of Houston - 815 percent
No. 500 - Vtel Corp. of Austin - 507 percent
Qualifying Criteria For the Fast 500
To qualify for the Fast 500, entrants must have had revenues of at least $50,000 in 1993 and at least $1,000,000 in 1997. They must be a U.S.-headquartered company developing and/or providing technology products or services.
The Fast 500 is compiled from three sources: winners of Deloitte & Touche's 1998 regional U.S. Fast 50 programs; nominations submitted directly to the Fast 500; and public company database research.
About Deloitte & Touche LLP
Deloitte & Touche LLP, one of the nation's leading professional services firms, provides accounting and auditing, tax, and management consulting services through 23,000 people in offices in more than 100 U.S. cities. Deloitte & Touche LLP is part of Deloitte Touche Tohmatsu, a global leader in professional services with more than 82,000 people in over 130 countries.
Editor's Note: For the complete list of Deloitte & Touche LLP Technology Fast 500 winners for 1998, visit the firm's Web site at www.us.deloitte.com/fast500.
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This web site has not been updated yet to include the 98 list
I'm anxious to see what else they have to say about Citadel |
