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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (26078)	3/4/1999 5:11:00 PM
From: Jenna	Read Replies (1) of 120523

PER.. another good day for internets? ...Perot Systems Reports Significant Earnings Increase for 1998 DALLAS, March 4 /PRNewswire/ -- Perot Systems Corporation (NYSE: PER) reported for the year ended December 31, 1998: -- Earnings per share of $.42 as compared to $.12 per share for 1997, an increase of 250%. -- Net income for the year of $40.5 million versus $11.2 million for 1997, an increase of 261%. -- Full year revenue of $993.6 million versus $781.6 million for 1997, an increase of 27%. -- Cash balances grew from $35.3 million as of year end 1997 to $144.9 million as of year end 1998, an increase of $109.6 million or 311%. These balances exclude net proceeds of $109.3 million that were received from the February 1999 initial public offering. For the fourth quarter of 1998, Perot Systems reported: -- Earnings per share of $.13 versus a loss of $.03 reported in 1997. -- Net income of $12.3 million as compared to a loss of $2.4 million for the same period of 1997. -- Revenue of $269.4 million versus $224.7 million in 1997, an increase of 20%.

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