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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: nokomis who wrote (67311)	10/21/1999 1:34:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

<<EP's very strong NO NEED to be held through earnings>> Stock #14 for 10/21 EP very low profile right in my neck of the woods.. Flying now AFTER the report, opened 15 27/32 price now is 18 1/4.. you didn't even need to hold through earnings although I did on this one. This is why I posted on the watch list to watch earnings in the pre market open. Stock #1 EP for 22nd mentioned yesterday is now up 24% with earnings anticipation BEFORE the report. Stock #6 (+22%), #1(+12%) and #3 (+12%) WL 10/21 same story here. All up in double digits since the morning all were AFTER the report #1 EP for 22nd shrs jump 21 pct ahead of Q3 report NEW YORK, Oct 21 (Reuters) - rocketed about 21 percent to a new 52-week high on Thursday, ahead of a third-quarter report from the business software company. The stock gained 10 to 58 at midday, with nearly one million shares traded on Nasdaq. The previous high was 53-3/4 and low was 10-1/4. The trading volume so far is more than three times its average full-day volume of 290,575 shares, according to S&P MarketScope. The company, which went public in July, plans to report results after the end of the trading day at 1600 EDT (2100 GMT), #14 Reports Record Third Quarter Results Sales Increase 23%; Net Income Up 56% BOCA RATON, Fla.--(BUSINESS WIRE)--Oct. 21, 1999-- ) today reported earnings for the third quarter and nine months ended October 1, 1999. Net income for the third quarter of 1999 was a record $12.5 million, or $0.32 per diluted share, improving 56% from the $8.0 million, or $0.20 per diluted share, reported for the comparable year-ago quarter. Sales for the third quarter increased 23% to $152.8 million from $124.6 million in 1998. For the first nine months of 1999, net income was $30.2 million, or $0.77 per diluted share, compared to $17.4 million, or $0.42 per diluted share, reported for the comparable year-ago period, which included $9.6 million pre-tax restructuring and inventory charges taken in the first quarter of 1998 as a result of the merger with Zytec Corporation. For the first nine months of 1999, sales totaled $438.3 million, up 11% from $393.6 million for the comparable nine-month period in 1998. Sales in the third quarter of 1999 increased principally as a result of higher shipments to the computing and networking market sectors. Gross margin improved to 26.8% in the third quarter of 1999 from 25.3% reported in the prior quarter of 1999. This improvement was largely attributable to a favorable sales mix and continued savings achieved through material cost reductions and plant rationalizations. However, gross margin for the third quarter of 1999 was slightly lower than the 27.3% reported for the year-ago third quarter primarily as a result of increasing competitive pricing in high volume sales situations.