To: findstock who wrote (21937 ) 11/2/1999 9:45:00 AM From: Triffin Read Replies (1) | Respond to of 108040
Check out INPH .. Overlooked fiber channel play with 80 million revenue run rate and MCAP under 120 million .. Only 5.6 mm shs .. if it gets some attention it should be a big mover .. ---------------------------------------------------------Interphase Corporation Reports Record Revenues and Earnings for Third Quarter of 1999 Fibre Channel Revenues Grow 368 Percent DALLAS--(BUSINESS WIRE)--Oct. 21, 1999--Interphase Corporation (Nasdaq: INPH) today reported operating results for the third quarter of 1999, which included a 20-percent increase in revenues and a 77-percent increase in net income compared with the third quarter of 1998. For the quarter ended Sept. 30, 1999, Interphase reported revenues of $20.5 million, compared with revenues of $17.0 million for the third quarter of 1998, representing a 20-percent increase. The company recorded net income of $1.3 million, or $.20 per share, during the third quarter of 1999, compared with net income of $723,000, or $.13 per share, for the quarter ended Sept. 30, 1998. Net income for the quarter increased 77 percent, and per-share earnings increased 54 percent. For the nine months ended Sept. 30, 1999, Interphase recorded revenues of $55.3 million, compared with revenues of $50.7 million during the first nine months of 1998. The company reported net income of $2.2 million, or $.37 per share, for the nine-month period during 1999, a nine percent increase compared with net income of $1.9 million, or $.34 per share, for the first nine months of 1998. According to Gregory B. Kalush, president and chief executive officer of Interphase, results for the third quarter set company records for quarterly revenues and earnings. He said the company continues to perform well, with particularly strong performance from the Fibre Channel product line. Third-quarter Fibre Channel revenues increased 368 percent compared with the third quarter of 1998, grew 78 percent sequentially from the second quarter of this year, and have moved Interphase into the number-two spot in Fibre Channel revenues among companies specializing in Fibre Channel host bus adapters. -------------------------------------------------------- Compare with JNIC revs and MCAP .. Jim in CT ..