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Technology Stocks : Security Dynamics SDTI -- How much money can they make?? -- Ignore unavailable to you. Want to Upgrade?

To: Bryan who wrote (1537)	7/15/1999 4:24:00 PM
From: Roy F	Respond to of 1614

Security Dynamics Technologies, Inc. Reports Record Second Quarter Revenue July 15, 1999 04:05 PM BEDFORD, Mass., July 15 /PRNewswire/ -- Security Dynamics Technologies, Inc. SDTI today reported financial results for the second quarter ended June 30, 1999. Revenue for the second quarter of 1999 increased 19% to $51.8 million, from $43.4 million for the second quarter of 1998. Excluding certain non-operating and one-time items, earnings for the quarter were $6.0 million ($0.15 per share on a diluted basis) compared to $6.1 million ($0.15 per share on a diluted basis) for the same period in 1998. Reported net income for the second quarter of 1999 was $43.0 million ($1.05 per share on a diluted basis), compared to $10.7 million ($0.25 per share on a diluted basis) for the second quarter of 1998. Reported net income for the second quarter of 1999 includes a gain of $54.8 million from the sale of 0.5 million shares of the Company's common stock holdings in VeriSign, Inc., a gain of $12.6 million from the increase in value of the Company's holdings in VeriSign common stock as a result of VeriSign's secondary offering, and a loss of $0.2 million from the Company's equity in VeriSign's net loss in the first quarter of 1999. The net impact of these items is a $37.0 million gain on an after-tax basis. "We are pleased with our record revenue performance and strong earnings for the second quarter of 1999," said Art Coviello, president of Security Dynamics. "Our core SecurID and BSAFE businesses again posted solid revenue numbers, further underscoring the importance of authentication and encryption for conducting e-business." "Also in the second quarter, we introduced our new Keon Certificate Server software to the market and geared up the sales, support and marketing organizations to conduct an aggressive sales launch for Keon 5.0 enterprise PKI in the late summer and early fall." Revenue for the six months ended June 30, 1999 was $100.5 million, a 20% increase over the same period last year. Net income, excluding certain non-operating and one-time items, decreased 7% to $11.0 million, or $0.27 per diluted share, compared to $11.8 million, or $0.28 per diluted share, in the first six months of 1998. Reported net income for the first six months of 1999 was $84.0 million, a 516% increase over the same period last year. About Security Dynamics