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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: kha vu who wrote (65665)	10/11/1999 7:51:00 PM
From: kendall harmon	Read Replies (1) \| Respond to of 120523

PLMD-CIBC oppenheimer raised their price target on PLMD to 40 and reiterated a positive rating late today. Excellent price and volume movement (finally!)

To: kha vu who wrote (65665)	10/26/1999 11:04:00 PM
From: Stormin Norman	Read Replies (1) \| Respond to of 120523

FUSA doing well. Excellent conference call at link below. webevents.broadcast.com SAN DIEGO--(BUSINESS WIRE)--Oct. 26, 1999--Fotoball USA Inc. (Nasdaq:FUSA) today reported record third quarter results for the quarter ended Sept. 30, 1999. The company reported its sixth consecutive quarter of increased sales, net income and EPS over the corresponding prior year quarter. The sales, net income and EPS results were all the highest levels achieved in any third quarter of the company's history. Sales during the third quarter of 1999 increased to $9.8 million, up 110% from $4.7 million recorded during the third quarter of 1998. For the nine months ended Sept. 30, 1999, sales grew to $21.7 million, up 74% from $12.5 million for the comparable period in 1998. Fotoball reported net income of $1.3 million, or $0.40 per diluted share, during the third quarter ($0.18 per diluted share on a proforma fully taxed basis). Net income for the corresponding prior year period was $144,000, or $0.05 per diluted share. For the nine months ended Sept. 30, 1999, the company reported net income of $2.1 million, or $0.70 per diluted share ($0.38 per diluted share on a proforma fully taxed basis), as compared to net income of $295,000 or $0.11 per diluted share, for the same prior year period. The company recognized an income tax benefit during the third quarter that was due primarily to the elimination of a deferred tax valuation allowance established in a prior year for uncertainty relating to the utilization of a net operating loss carryforward. Michael Favish, Fotoball's president and chief executive officer stated, "We are pleased with our record third quarter earnings as well as the sequential growth pattern we have exhibited thus far in 1999. As expected, our retail sales increases have fueled our earnings while our growing portfolio of licenses continue to diversify our product lines and open doors to new distribution outlets." Favish continued, "Earnings aside, the third quarter has been pivotal for our company in many ways. We have strengthened our key personnel on every level from finance to marketing to our board of directors. In addition, our balance sheet is stronger due to the $2.7 million raised through our late summer warrant exercise. In short, Fotoball is positioned to enhance value for our shareholders as we look ahead toward fiscal 2000." Fotoball is a leading provider of custom/specialty sports and non-sports related balls. These products are sold in the licensed product retail market through a nationwide network of over 3,000 retailers including Target, Sears, Wal-Mart, Toys R Us, and JC Penney. Additionally, the company provides custom sports and non-sports related products for corporate promotions and non-licensed specialty sports products to corporations for resale, including sales to amusement parks and entertainment related companies. The company currently holds licenses with Major League Baseball Properties and Major League Baseball Players Association, NHL Enterprises and National Hockey League Players Association, National Football League Properties and NFL Players Inc., over 300 NCAA colleges and certain entertainment properties including Warner Bros. Looney Tunes(R), Nickelodeon's "Rugrats" and "Blue's Clues" characters, United Media's "Peanuts" and Disney's ESPN(R).