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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 (40727)5/18/1999 7:36:00 PM
From: Jenna  Read Replies (1) of 120523
 
Of these three stocks on SI's watch list HDCO beat estimates today after the close by 4 cents. CHRS was up 9.72% with 13 big blocks (over 10,000 each one) on double average 50 day volume ( to compare AMZN had 19 big blocks today and YHOO only 10, so CHRS had 3 more big blocks than YHOO).

Message 9578568

HADCO Corporation Reports Second Quarter Results
SALEM, N.H., May 18 /PRNewswire/ -- HADCO Corporation (Nasdaq: HDCO - news) today reported record net sales of $255.6 million for the second quarter ended May 1, 1999. Net income was $4.6 million and diluted earnings per share was $0.34. The results of the prior year are not comparable due to the acquisition of Continental Circuits Corporation, which was consummated in last year's second quarter. However, on a pro forma basis for the comparable prior year period, excluding all one-time charges and assuming the acquisition of Continental Circuits Corporation occurred prior to the beginning of that quarter, net sales for the corporation were $226.2 million, net income was $3.3 million and diluted earnings per share was $0.25.

Bookings for the quarter were $259.9 million resulting in a book-to-bill ratio for the quarter of 1.02. Backlog at the end of the second quarter was $144.3 million versus $146.5 million for the previous quarter.

Andrew E. Lietz, CEO and President commented
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