SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (56573)8/19/1999 2:07:00 PM
From: Sosmartinov  Read Replies (1) | Respond to of 120523
 
RE: SNDK, thanks. Briefing puts "face" on the RUMOR re:WDC, ie IBM



To: Jenna who wrote (56573)8/19/1999 2:16:00 PM
From: Jerry Olson  Read Replies (4) | Respond to of 120523
 
MU looks strong here...after a great pullback...a semi right? <g>..



To: Jenna who wrote (56573)8/20/1999 7:10:00 AM
From: Jenna  Respond to of 120523
 
to watch: PRSF, NMGC..BAMM CMOS reports Also to look watch list August 18.. could be some movers there. : its a good report but CMOS has had a whole lot of anticipatory upswing. Don't forget to check our earnings plays that reported after the close.

Credence Systems Reports Results for Third Fiscal Quarter of 1999
FREMONT, Calif.--(BUSINESS WIRE)--Aug. 20, 1999--Credence Systems Corporation (Nasdaq NMS: CMOS - news) today reported results for its third fiscal quarter ended July 31, 1999.

Net sales were $52.4 million, an increase of 40 percent from net sales of $37.3 million in the third quarter of fiscal 1998. Net sales were up $14 million sequentially or 37 percent from the company's second fiscal quarter of 1999. The net income for the third quarter of fiscal 1999 was $2.9 million or $0.13 per diluted share, compared to a net loss of $33.6 million during the third fiscal quarter of 1998, or $1.55 per share. The third quarter 1999 net income showed improvement over the second fiscal quarter when the company reported a net loss of $5.2 million or $0.25 per share.

The company posted a pre-tax gain of $763,000 for the retirement of $9.4 million of its convertible subordinated notes in exchange for 275,000 shares of the company's common stock held in its treasury during the third quarter. Before the extraordinary gain for the retirement of this debt, the company's net income for the third quarter was $2.4 million or $0.11 per diluted share.