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Technology Stocks : Paychex (PAYX) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Bond who wrote (193)	6/28/1999 8:52:00 PM
From: gladman	Respond to of 210

Jeff, i'll find out tomorrow asap when the release is anticipated. PAYX closed in the upper portion of the trading range, a bullish close and a precursor of good things to come. Talk at you tomorrow. Dave

To: Jeff Bond who wrote (193)	6/29/1999 9:36:00 AM
From: gladman	Read Replies (2) \| Respond to of 210

Edit - Higher than forecasted Net Income increase. Estimates in line with the street. Sell off was anticipated, but it looks like it's coming back nicely, good coverage in "The Street" should put it on a lot of traders radar screens. Tuesday June 29, 7:40 am Eastern Time Company Press Release Paychex, Inc. Reports Record Year-End and Fourth Quarter Results ROCHESTER, N.Y.--(BUSINESS WIRE)--June 29, 1999--Paychex, Inc. (NASDAQ: PAYX - news) today announced record net income of $139.1 million or $.56 diluted earnings per share for the year ended May 31, 1999, a 36% increase over net income of $102.2 million or $.41 diluted earnings per share for the same period last year. Total service revenues were $597.3 million, an increase of 21% over $493.7 million for the previous fiscal year. For the quarter ended May 31, 1999, net income increased 35% to $37.9 million or $.15 diluted earnings per share as compared to net income of $28.1 million or $.11 diluted earnings per share for the same period last year. Total service revenues were $156.6 million, an increase of 19% over $131.7 million for the same period last year.