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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Alski who wrote (10389)	10/23/1999 11:03:00 PM
From: SJS	Read Replies (1) \| Respond to of 14427

Now Now...I don't think that yet. I could be missing something, and you've got the contest title to make me think I should look harder <g>. I'll admit that the Briefing stuff shows alot of 1998 information and early 1999, but very little that's recent (except the Stephen's initiation...). I looked at the recent earnings annoucement and they're trying to crawl out from under a rock with 3 positive earnings quarters in a row. Sure the number are better, but not eye-popping because they were in a hole in 1998...... Where's you get 400% EPS? Press release says otherwise...??? _______ TelCom Semiconductor Announces Record Results for Third Quarter 1999 TelCom Posts its Third Quarter of Sequential Growth MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Oct. 21, 1999--TelCom Semiconductor, Inc. (Nasdaq:TLCM - news) today reported a record $2.3 million of net income from operations for the third quarter ended September 30th, 1999. The Q3 results represent the third quarter of sequential revenue and earnings growth for the Company. Revenues for the quarter were $14.9 million, an increase of 7% from the second quarter of 1999 and 17% from the same quarter last year. Year-to-date revenues for 1999 are $41.5 million, down approximately 2% from the first nine months of 1998. Net income for the quarter was $2.3 million compared to a net loss of $6.1 million for the same period last year. Diluted net income per share in the third quarter was $0.14 compared to a diluted net loss per share of $0.38 in the second quarter of 1998. The net loss recorded in the third quarter of 1998 included the non-operational charges for the closure of the Company's wafer fabrication facility. Excluding charges for non-operating activities the net income from operations for the third quarter was $2.3 million compared to $0.3 million from operations for the same period in 1998. Diluted net income per share from operations was $0.14 per share for the quarter contrasted with $0.02 per share last year. Net income for the first nine months was $9.1 million versus a net loss of $3.2 million for the same period last year. The 1999 and 1998 year to date net income numbers includes the non-operational impact from the 1999 sale of Cypress Semiconductor shares and the 1998 costs associated with closure of the Mountain View wafer fabrication facility. Excluding these non-operational items the year to date net income was $4.6 million, an increase of 44%, compared to $3.2 million for the first nine months of 1998. ''We continue to make progress as demonstrated by our third straight quarter of sequential revenue growth combined with the company's record quarterly earnings,'' commented Phillip Drayer, President and Chief Executive Officer. ''The revenue growth was driven by new power management and sensor products for the wireless and networking markets. We continue to execute and deliver according to our plan.'' ''It was a very good quarter,'' Bob Gargus, Chief Financial Officer, added. ''We accomplished what we set out to do and we are pleased with the improved profitability, the continued strengthening of our cash position, and the record number of new product introductions.'' Looking to the fourth quarter, Gargus commented, ''We expect to continue to achieve sequential gains in both revenue and earnings in the fourth quarter.'' _____________ So you tell me? An investment op? Don't think so for me, at this time. Steve