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

To: stan s. who wrote (63876)	1/18/2000 5:19:00 PM
From: WhatsUpWithThat	Read Replies (2) \| Respond to of 108040

GALT: breakout of 3 month trading range yesterday, great earnings release after close today: SAN JOSE, Calif., Jan 18, 2000 (BUSINESS WIRE) -- Galileo Technology Ltd. (Nasdaq: GALT) today reported net sales for the fourth quarter of 1999 increased 77% to a record $24.3 million, compared to $13.7 million for the fourth quarter of 1998. Net income for the quarter increased 87% to a record $8.0 million, or $0.18 per share, compared to net income of $4.2 million, or $0.10 per share, for the corresponding quarter last year. All per share amounts are diluted earnings per share. Diluted shares used in computing earnings per share for the fourth quarter of 1999 were 45.4 million, compared to 43.5 million shares for the fourth quarter of 1998. Net sales for the fourth quarter 1999 increased 10% from the third quarter 1999 net sales of $22.0 million. Fourth quarter 1999 net income increased 13% compared to the third quarter 1999 net income of $7.1 million, with earnings per share also increasing sequentially 13%. Net sales for 1999 increased 54% to $79.7 million, compared to $51.6 million for 1998. Net income for 1999 was $26.1 million, or $0.58 per share compared to $15.5 million or $0.36 per share for 1998. Diluted shares used in computing earnings per share for 1999 were 44.8 million, compared to 42.6 million shares for 1998. These results represent a year over year increase of 69% in net income and 61% in earnings per share. "1999 was a very successful year for Galileo Technology Ltd." stated Avigdor Willenz, Galileo's Chairman and CEO. "We ended 1999 with our fifth consecutive quarterly increase in both revenues and profits. During Q4 we introduced the newest versions of our industry leading GalNet(R)-II family as well as our new GalNet-3 family providing the ability to process voice, video and data over the network. We also introduced our Horizon(TM) family of WAN products which we believe will position us well for further penetration into the network infrastructure." About Galileo Technology Ltd. Galileo Technology, a market leader in Communication Systems on Silicon, is one of the semiconductor industry's fastest growing suppliers of complex, high-performance, integrated circuit devices. Galileo's products include advanced communication switch controllers, high-performance system controllers for RISC processors and WAN communication controllers. Galileo's products form the heart of many advanced data communications systems built by leading OEMs, such as Accton, Cisco Systems, D-Link, Hewlett Packard, Intel, Lucent, NBase and Nortel Networks. Galileo employs more than 269 people worldwide with business headquarters in San Jose, California and R&D headquarters in Moshav Manof, Israel.

To: stan s. who wrote (63876)	1/19/2000 11:41:00 AM
From: stan s.	Read Replies (4) \| Respond to of 108040

MADGF, CBMI, VVUS, MSGI, CONV etc...mentioned buys on CBMI and VVUS last week. Steadily improving bio charts on increasing volume. MADGF, increasing volume follow up to yesterday, trying to break on this secondary surge. CONV, good 2 days still needs more volume. MSGI, looking for an entry, either now or on a break over 20 1/2. Sold IFCI early. Classic walk down on OPTK early of 2 1/2 points on volume less than 30,000... still holding. Might take 1/2 profits on INTA. Still like the break potential of BITS and FORM. SMRA, nice turn on the chart. ASPT moving on earnings anticipation. WIND looking pretty good here as well, nice chart, volume a little light. Stan