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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: nokomis who wrote (88920)	3/16/2000 6:42:00 PM
From: AnnieO	Respond to of 120523

I agree nokomis...that sure was fun running at the end..now if we can get CEGE to go I will certainly be a happy trader. QCOM looks like it just wants a little tickle. I am hunting for my feathers. :o)

To: nokomis who wrote (88920)	3/16/2000 10:31:00 PM
From: bobby is sleepless in seattle	Respond to of 120523

ADBE... thought the numbers were fairly respectable, beating estimates by .04, and according to ZDnet even more. Traded down immediately AH....let's see if the big boys come to the rescue... last quarter, we saw a slight pop, pullback, after earnings release only to see consolidaiton for what seemed an eternity, and then a major explosiion to the upside. what's it gonna be this time??? March 16, 2000 4:58pm Adobe Systems rolls past 1Q forecasts By Larry Barrett ZDII Adobe Systems flew past analysts' estimates in its first quarter Thursday, posting a profit of $64.6 million, or 51 cents a share, on record sales of $282.2 million. First Call consensus expected the software developer to earn 43 cents a share in the quarter. Adobe (Nasdaq: ADBE) shares closed up 10 7/8, or 13 percent, to 94 7/16 ahead of the earnings report. The $282.2 million in sales marks a 24 percent improvement from the year-ago quarter when it earned $38.3 million, or 30 cents a share, on sales of $227 million. "Our results in the first quarter demonstrate the success and momentum of our current product line up," said CEO John Warnock in a prepared release. "As Adobe enters the second quarter, we are in the strongest position ever in terms of our upcoming product releases and the efficiency of our operational infrastructure." Operating profit for the first quarter was $89 million, compared to $54.5 million in the year-ago quarter and $81.9 million in the fourth quarter. Its operating profit in the quarter was 31.3 percent of revenue, compared to 24 percent in the same period last year. Last quarter, Adobe raked in 46 cents a share on sales of $281.8 million. Its shares moved up to a 52-week high of 106 5/8 in February after falling to a low of 23 5/8 last March. Ten of the 13 analysts tracking the stock maintain either a "buy" or "strong buy" recommendation. First Call consensus expects the San Jose, Calif. company to earn $1.90 a share in the fiscal year. Adobe compete with Corel (Nasdaq: CORL), Microsoft (Nasdaq: MSFT) and privately held Quark.