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

To: myturn who wrote (40344)	12/7/1999 8:07:00 PM
From: kendall harmon	Respond to of 108040

NCOG--positive company comments after the bell <<FORT WASHINGTON, Pa., Dec. 7 /PRNewswire/ -- NCO Group, Inc. (''NCO'')(Nasdaq: NCOG - news), a leading provider of accounts receivable management and other outsourced services, announced today that it expects to meet expectations for earnings per share for the fourth quarter ended December 31, 1999, despite some delays in the implementation of certain contracts within its Healthcare Services Division. The delays will result in fourth quarter revenue being slightly below median analyst expectations. The contracts are likely to be fully implemented during the first quarter of 2000. Despite the expected revenue shortfall in the Healthcare Services Division, the Company believes that it will meet analysts consensus expectations on earnings per share primarily due to better than expected revenue in other divisions, improved profitability, as well as economies which are a result of continued integration of acquired companies. Michael J. Barrist, Chairman and CEO stated, ''It is unfortunate that we were not able to realize the revenue from the new contracts that would have normally been implemented in the fourth quarter. I am pleased, however, with our management team's ability to expedite our expense reduction efforts which should ensure our ability to meet our profit objectives. I am confident that this revenue shortfall is transitory in nature and should not impact expectations for continued growth.'' Additionally, Barrist stated, ''Investors with questions about NCO Group should contact the Company directly and not rely on non-company disseminated information including investor bulletin boards on the Internet.'' NCO Group, Inc. is the largest provider of accounts receivable collection services in the world. NCO provides services to clients in the financial services, healthcare, retail, commercial, education, telecommunications, utilities and government sectors.>> biz.yahoo.com