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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?


To: Kayaker who wrote (1422)10/26/1999 4:24:00 PM
From: Kayaker  Respond to of 24042
 
SDLI EPS .22 vs .18 expected.

SDL Announces Record Results for 1999 Third Quarter Revenue Rises 76 Percent With Net Income Up 250 Percent
SAN JOSE, Calif., Oct. 26 /PRNewswire/ --

SDL, Inc. (Nasdaq: SDLI - news) today announced record revenues and income for the third quarter ended September 30, 1999. Led by a significant increase in shipments of products for undersea fiber optic systems, third quarter revenue was a record $47.5 million. This represents a 76 percent increase compared to $27.0 million for the corresponding 1998 quarter. Total revenue increased 10 percent from the $43.2 million reported for the June 1999 quarter. Commercial revenue was up 19 percent from the preceding quarter and represented 95 percent of total revenue. As expected, the sequential growth in commercial revenue was offset by a 55 percent decline in U.S. government contract sales.

Third quarter net income was a record $7.4 million, or $0.22 per share on a diluted basis. This was an increase of 250 percent compared to net income of $2.1 million, or $0.07 per share on a diluted basis, for the third quarter of 1998....

biz.yahoo.com