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Technology Stocks : RadiSys Corp -- Ignore unavailable to you. Want to Upgrade?

To: D.J.Smyth who wrote (1384)	7/22/1999 4:53:00 PM
From: bythepark	Read Replies (1) \| Respond to of 1472

Darrell, Here's the link <http://www.radisys.com/news/releases/earnq299_pr.html> and, here's some of the text... --alan > HILLSBORO, OR - July 22, 1999 - RadiSys Corporation (Nasdaq: RSYS) today > reported revenues of $38.8 million for the quarter ended June 30, 1999, a > 61% increase from revenues of $24.1 million for the second quarter a year > ago, and up 23% sequentially. Net income for the quarter was $2.7 million > or $0.33 per share (diluted) compared to $323 thousand or $0.04 per share > (diluted) for the second quarter of 1998. > The company's gross margin increased, from the quarter ended March 31, > 1999, to 38.3%, primarily due to a full quarter of margin associated with > the ARTIC communications adapter business. ARTIC was acquired on March 1st, > 1999. R&D and SG&A improved as a percentage of revenue from 14.7% and > 13.1%, respectively, during the quarter ended March 31, 1999 to 14.2% and > 12.3%, respectively. Operating income for the current quarter was 9.9% > compared to .9% for the second quarter of 1998. > "We were really pleased with our business levels and our excellence in > execution in the second quarter." stated Dr. Glen Myers, Chairman and Chief > Executive Officer. "Our revenue and earnings continued their strong climb > out of the doldrums of 1998, and even with the strong sequential growth in > revenue, we were cash positive and our inventories decreased slightly over > the prior quarter." > RadiSys achieved nine major new design wins in the quarter. The company > characterizes a design win as a project estimated to produce at least > $500,000 in revenue per year when in production. Of the nine wins, five are > estimated to produce $2 million or more annually once in full production. > Four of the wins were for telecommunications equipment, two for medical > equipment, two for in-vehicle applications, and one in office machines. > Design wins ramp into production volume at varying rates; typically the > ramp begins 12-18 months after the win occurs. A variety of risks can > affect these programs before the start of production, such as schedule > slippages and changes in customer markets. > Integration of the ARTIC communications business acquired from IBM in March > 1999 is proceeding smoothly, and RadiSys plans to move the design center to > a newly leased facility in Delray Beach, Florida next month. One of the > telecom design wins mentioned above was a win for ARTIC technology at a > major telecom equipment company...