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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: Doug Robinson who wrote (70643)	11/10/1999 11:45:00 AM
From: nokomis	Respond to of 120523

biz.yahoo.com

To: Doug Robinson who wrote (70643)	11/10/1999 11:49:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

iLUM I like it because you know where you stand and earnings were out already last week.. No big surprises lurking Illuminet Third Quarter Revenue $26.8 Million, Up 43% Third Quarter Net Income Increases 172% OLYMPIA, Wash.--(BUSINESS WIRE)--Nov. 3, 1999--Illuminet Holdings, Inc. (Nasdaq:ILUM - news), the largest unaffiliated provider of SS7 network services in the United States, today announced financial results for its third quarter ended September 30, 1999. Revenue for the quarter increased 43% to $26.8 million, compared to $18.7 million in the third quarter of 1998. For the nine months ended September 30, 1999, revenue increased 43% to $71.9 million, compared to $50.3 million for the comparable nine-month period in 1998. Net income for the quarter increased 172% to $3.5 million, or $.54 per share on a fully diluted basis, compared to $1.3 million or $.22 per share in the third quarter of 1998. The fully diluted earnings per share computation is based upon 6.6 million and 6.5 million weighted-average shares respectively. On a pro forma diluted basis, earnings per share for the quarter was $.14 per share compared to $.05 per share in the third quarter of 1998 based upon 26.6 million and 26.0 million weighted-average shares respectively. Pro forma diluted earnings per share computations reflect the retroactive conversion of all Illuminet convertible preferred stock, Illuminet's stock restructuring, and a debt conversion and redemption, all of which occurred after September 1999. Such pro forma amounts do not include the effect of the IPO, which occurred on October 8, 1999.