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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: gizmo&jack who wrote (61607)	9/16/1999 3:30:00 PM
From: Jenna	Respond to of 120523

Earnings Play making very strong showing: MEAD great company and chart, a 'low maintenance' company you have to watch, but not more than once or twice a day. Meade Instruments Corp. Reports Record Second-Quarter Sales and Earnings IRVINE, Calif.--(BUSINESS WIRE)--Sept. 16, 1999--Meade Instruments Corp. (Nasdaq NM: MEAD - news) Thursday reported results for the three months and six months ended Aug. 31, 1999. The Company's current fiscal year ends on Feb. 29, 2000. Net sales for the three months ended Aug. 31, 1999 were $24.1 million versus $15.4 million in the comparable prior-year period, an increase of 56%. Net sales for the six months ended Aug. 31, 1999 were $41.2 million versus $30.2 million in the comparable prior-year period, an increase of approximately 36%. Net income for the three months ended Aug. 31, 1999 was a record $2.2 million, or $0.30 per diluted share, compared to net income of $690,000, or $0.10 per diluted share, in the comparable prior-year period.