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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: manny t who wrote (34663)	11/29/1999 3:05:00 PM
From: Margaret Mateer	Respond to of 108040

and sometimes they actually take longer than 1/2 day.

To: manny t who wrote (34663)	11/29/1999 3:07:00 PM
From: Frederick Langford	Respond to of 108040

HYWM HighwayMaster Announces 92 Percent Revenue Growth and Significant Improvement in Results for Third Quarter Business Editors DALLAS--(BUSINESS WIRE)--Nov. 11, 1999--HighwayMaster Communications, Inc. (Nasdaq:HWYM), a leading provider of wireless voice and data communications services to the commercial trucking and service vehicle industries, today reported significant improvement in financial results for the third quarter ended Sept. 30, 1999. Total revenues for the 1999 third quarter increased 91.5 percent to $29.1 million versus $15.2 million for the 1998 third quarter. The company's net loss was reduced by 66.7 percent to $6.2 million ($0.25 per share), including $2.8 million in net non-recurring charges, for the third quarter this year versus the comparable period a year ago. The net loss for the third quarter of 1998 was $18.5 million ($0.74 per share), including $7.6 million in non-recurring charges. Excluding the non-recurring charges, net loss improved 68.8 percent to $3.4 million ($0.14 per share) versus $10.9 million ($0.44 per share) for the comparable period in 1998. For the first nine months of 1999, total revenues were up 63.3 percent to $79.4 million, versus $48.6 million for the comparable period in 1998. The net loss improved 87.4 percent to $5.6 million ($0.22 per share), including $3.5 million in net non-recurring income items, compared with a net loss of $44.1 million ($1.77 per share), including $9.5 million in non-recurring charges, for the first nine months of 1998. Excluding the one-time charges, the net loss improved 73.8 percent to $9.1 million ($0.36 per share), versus $34.6 million ($1.39 per share) for the comparable period in 1998. Service revenue for the 1999 third quarter was up 11.5 percent from a year ago, reflecting the larger number of Series 5000 units in the installed base. Service revenue gross margin for the third quarter 1999 increased 63.7 percent to $5.6 million compared to $3.4 million in 1998. Service revenue gross margin percentage for the 1999 third quarter was 44.8 percent, compared to 30.5 percent for the same period in 1998. Product revenue for the 1999 third quarter was $16.6 million, including $13.3 million recognized for approximately 7,000 units previously installed with member companies of SBC Communications. "Our financial performance reflects the continuing success of our turnaround," said Jana Bell, president and chief executive officer. "We are experiencing significant improvements in revenue growth, service margins, and cash flow while continuing to maintain tight discipline on our operating costs. In addition, we believe that our revenue growth potential has been enhanced with the recent launch of our new asset tracking product TrackWare(TM)."