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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (52255)	7/8/1999 4:43:00 PM
From: American Spirit	Respond to of 90042

Wind River Chairman Says Software Firm Will Grow And Meet Targets NEW YORK -- Wind River Systems Inc. Chairman Jerry Fiddler said Wednesday the software firm plans to make new investments and still meet analyst earnings estimates. Fiddler said the Internet has expanded the market for Wind River's (WIND) products. The Alameda, Calif.-based company develops operating system software used in embedded processors, or chips in devices other than PCs, and also makes software-development tools. "Some of these new markets will require investments," Fiddler told CNBC Wednesday. "I think we will continue the strong profitability, and we will be able to carry earnings coming up, but they might not rise at the same rate as revenues because when we see investments, we'll go for them." Fiddler didn't specify the investments Wind River is eyeing. "We're growing very nicely and we are far and away the leader in this market," Fiddler said. In April, Wind River reported fiscal first-quarter earnings, excluding items, of 11 cents a share, in line with analysts' lowered estimates. The company also earned 11 cents a share in the year-ago quarter. Analysts had looked for Wind River to earn 14 cents a share in the quarter, but lowered their forecasts after Wind River said revenue would be less than expected because of product-shipping delays. * In other words, today's fall was BOGUS! Bough more and am expecting an eventual windfall from these prices.