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

To: HandsOn who wrote (73924)	2/10/2000 5:01:00 PM
From: Bryan	Read Replies (1) \| Respond to of 108040

Interphase Announces Fourth Quarter, Full Year 1999 Results; Net Income up 56-percent for Quarter as Company Sets Record Levels of Financial Performance DALLAS--(BUSINESS WIRE)--Feb. 10, 2000--Interphase Corporation (Nasdaq:INPH) today reported financial results for its fourth quarter and 1999 fiscal year that ended December 31, 1999. For the fourth quarter ended December 31, 1999, Interphase reported revenues of $18.2 million compared with revenues of $17.9 million for the fourth quarter of 1998. Profits for the quarter were up 56-percent with net income of $1.2 million compared to net income of $772,000 during the fourth quarter of 1998. Earnings per share were $0.19, representing a 36-percent increase from the same quarter in the previous year. Fibre Channel revenues for the quarter were $7 million, a growth of 111-percent from the prior year fourth quarter. Revenue from products for embedded telecommunications systems grew 510% compared to the fourth quarter of 1998 to $2.5 million, representing 14-percent of the total revenues for the fourth quarter of 1999. For the year ended December 31, 1999, the company achieved record revenues of $73.5 million compared to $68.8 million during fiscal year 1998. The company reported record net income of $3.4 million, or $0.56 per share, for the 12-month period during 1999, compared to net income of $2.7 million, or $0.48 per share, for 1998. Storage initiatives fueled by demand for Fibre Channel server connectivity accounted for 48-percent of the company's overall business during 1999, with Fibre Channel revenues growing at 210-percent for the year. Revenues for embedded systems products expanded 252-percent in 1999 to $6.4 million.