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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (66928)	10/21/1999 9:14:00 AM
From: kathyh	Read Replies (1) \| Respond to of 90042

futures not looking too good... cme.com

To: Tim Luke who wrote (66928)	10/21/1999 4:14:00 PM
From: Tim Luke	Read Replies (2) \| Respond to of 90042

techstocks.com . . .-------------------------------------------------------------------------------- Related Quotes SAPE 101 7/16 -9/16 delayed 20 mins - disclaimer Thursday October 21, 4:04 pm Eastern Time Company Press Release Sapient Announces Third Quarter Results and Two-for-One Stock Split Leading e-Services Consultancy Continues Growth with 70 Percent Increase in Revenues CAMBRIDGE, Mass.--(BUSINESS WIRE)--Oct. 21, 1999--Sapient Corporation (NASDAQ:SAPE - news) today announced financial results for its third quarter ended September 30, 1999. Revenues for the third quarter were $73,029,000, a 70 percent increase over revenues of $43,066,000 for the third quarter of 1998. Net income for the third quarter was $8,868,000 or $0.29 per pre-split diluted share, compared to net income (excluding one-time acquisition costs of $11,100,000) of $5,638,000 or $0.19 per pre-split diluted share in the third quarter of 1998. Supplemental diluted net income (before amortization of intangibles, one-time acquisition costs and deferred compensation) was $9,669,000 or $0.31 per pre-split diluted share in the third quarter of 1999, compared with supplemental net income of $5,718,000 or $0.20 per pre-split diluted share in the third quarter of 1998. For the nine months ended September 30, 1999 revenues reached $195,021,000, a 76 percent increase compared to revenues for the first nine months of 1998. Net income for the first nine months of 1999 (excluding one-time acquisition costs of $4,259,000) totaled $24,565,000, compared to net income (excluding one-time acquisition costs of $11,100,000) of $15,241,000 for the same period in 1998. Supplemental net income for the nine months ended September 30, 1999 was $25,573,000 or $0.82 per pre-split diluted share, a 67 percent increase over supplemental net income for the same period in 1998. Sapient also announced today that its Board of Directors has declared a two-for-one split of its common stock in the form of a 100 percent stock dividend, which is expected to be paid on or about November 5, 1999 to shareholders of record on November 1, 1999. ''The new economy challenges business assumptions on a daily basis,'' said Jerry A. Greenberg, Sapient co-chairman and co-chief executive officer. ''Sapient's ability to respond to these challenges and deliver relevant solutions is based on two factors -- our ability to attract and retain the best people in the industry and our ability to continually execute on projects in Internet time. Whether for a Fortune 500 corporation, an Internet start-up or a commodities trading exchange, Sapient builds strong digital relationships between companies and their customers.''