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Technology Stocks : SLI, Inc. (SLI) -- Ignore unavailable to you. Want to Upgrade?

To: BostonView who wrote (84)	7/8/1999 10:17:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 182

Coverage initiated by Robertson Stephens with a Buy rating - biz.yahoo.com

To: BostonView who wrote (84)	7/9/1999 8:58:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 182

Prudential Starts Coverage Of SLI Inc., With Accumulate Rating

To: BostonView who wrote (84)	8/11/1999 8:34:00 AM
From: JakeStraw	Respond to of 182

SLI, Inc. Reports Record Second Quarter and Half Year Results., CEO Confident of Long Term Growth Prospects CANTON, Mass., Aug. 11 /PRNewswire/ -- SLI, INC. (NYSE: SLI - news), one of the world's largest vertically integrated lighting manufacturers today announced record second quarter sales of $206.0 million and net income per diluted share of $0.39 before restructuring and non-recurring charges for the 1999 second quarter ending July 4; contributing to a record first half fiscal year. Chairman and CEO Frank Ward commented that, ''Our second quarter net income surpassed analysts' consensus estimates, and the Company's continued implementation of its successful business strategy allows us to look confidently to our longer term fundamental growth prospects.'' Net income for the 1999 second quarter was up 54% to $12.1 million vs. $7.8 million in 1998, and was up 46% to $24.8 million in the six months ended 1999 vs. $17.0 million in 1998 (exclusive of tax effected restructuring and non-recurring charges of $2.7 million in 1999 and $325,000 in 1998 for both the quarter and six months results). Second quarter diluted net income per share was up 50% to $0.39 in 1999 vs. $0.26 in the 1998 quarter (exclusive of $0.09 in 1999 and $0.01 in 1998 of restructuring and non-recurring charges). The Company's operating income for the 1999 quarter was up 35% to $19.2 million compared to $14.2 million in 1998 and up 32% to $37.8 million in 1999 compared to $28.6 million in 1998 for the six month period (exclusive of $2.7 million in 1999 and $525,000 in 1998 of pre-tax restructuring and non-recurring charges in both the quarter and six month periods). Sales for the quarter of $206 million were up 11% over second quarter 1998 sales of $185.7 million, even after taking into account an approximately 5% negative currency translation effect of the strong dollar in this quarter as compared to last year's quarter. Year to date sales for the six months were up 12.4% to $424.9 million compared to $378.1 million for the prior year. Frank M. Ward, Chairman and CEO, commented: ''This is the sixteenth consecutive quarter that I have been able to report double digit positive increases in sales and net earnings growth. These are record results for this second quarter and first six months of our fiscal year, and continue SLI's remarkably consistent level of high achievement since its 1995 IPO. At the beginning of the third quarter, over $150 million was raised through an equity offering, and the proceeds were used to pay down debt and strengthen the Company's balance sheet and has given us great financial flexibility. The Company is now well positioned to withstand any effects of higher interest rates, and to continue to achieve a higher than market growth rate in the lighting industry through acquisition and internal growth. The Parke acquisition was recently completed, and together with SLI Lighting Solutions (formerly Illumelex), the combination booked a new $13 million retrofit contract. This is but one small example of the many diverse and interesting opportunities that are created through the integrated strategies of SLI. The Company is well positioned to take advantage of its financial strengths, market position, and infrastructure as we move forward to the rest of this year and beyond.'' SLI, Inc., based in Canton, Massachusetts, is a vertically integrated designer, manufacturer and seller of lighting systems, which are comprised of lamps, fixtures, and ballasts. The Company offers a complete range of lamps (incandescent, fluorescent, compact fluorescent, high intensity discharge, halogen, miniature incandescent, neon, LED, and special lamps), a comprehensive range of fixtures, ballasts, lighting maintenance services and fiber optic lighting systems. The Company serves a diverse international customer base and markets, has major plants in 13 countries and operates throughout the world. Except for historical matters contained herein, the matters discussed in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties that may affect business and prospects and cause actual results to differ materially from these forward-looking statements. A CONFERENCE CALL WILL TAKE PLACE ON WEDNESDAY AUGUST 11, 1999 @ 10:30AM E.S.T. CALL 1-800-348-6433; INTERNATIONAL PARTICIPANTS CALL 1-212-271-4747 ASK OPERATOR FOR ''SLI QTRLY EARNINGS CALL''

To: BostonView who wrote (84)	8/12/1999 10:16:00 AM
From: JakeStraw	Read Replies (1) \| Respond to of 182

BancBoston Robertson Stephens Reiterates Buy Rating on SLI SAN FRANCISCO, Aug. 12 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: BancBoston Robertson Stephens managing director and senior industrial growth analyst Michael R. Mach today reiterated his Buy rating on SLI, Inc. (NYSE: SLI - news). SLI is a leader in the global lighting industry, providing customers with a full range of lighting products and services. ''We are reiterating our Buy rating on SLI following the company's announcement of solid-second-quarter results,'' said Mach. ''The company reported earnings-per-share of $0.39, 50 percent above the prior year's $0.26 result, $0.02 better than our estimate and $0.01 above Street consensus. This was the 16th consecutive quarter that SLI has grown its sales and net income at double-digit rates. ''Based on the strong quarter, we have raised our 1999 earnings-per-share estimate from $1.70 to $1.72 and have increased confidence in our 2000 forecast,'' said Mach. ''As SLI continues to implement its well-defined growth strategy, we expect its stock price will advance toward our 12-month price target of $43.'' Clients interested in receiving more information should contact their salesperson at 415-781-9700. BancBoston Robertson Stephens is a leading international investment banking firm focused on growth companies. The firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon request. The information contained herein is not a complete analysis of every material fact respecting any company, industry or security. Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date of the change in estimate will be noted. In addition, opinions and estimates are subject to change without notice. This Report contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those discussed in ''Investment Risks.'' BancBoston Robertson Stephens from time to time performs corporate finance or other services for some companies described herein and may occasionally possess material, nonpublic information regarding such companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained in this Report and the opinions contained herein are based on sources believed to be reliable, BancBoston Robertson Stephens has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or warranty, expressed or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors, its affiliates, and/or its employees may have an interest in the securities of the issue(s) described and may make purchases or sales while this report is in circulation. BancBoston Robertson Stephens International Ltd. is regulated by the Securities and Futures Authority in the United Kingdom. This publication is not meant for private customers. The securities discussed herein are not FDIC insured, are not deposits or other obligations or guarantees of BankBoston N.A., and are subject to investment risk, including possible loss of any principal amount invested. SOURCE: BancBoston Robertson Stephens