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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: kendall harmon who wrote (98734)	5/22/2000 6:56:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 120523

Magellan gets boost from tech firms - annual report NEW YORK, May 22 (Reuters) - Robert Stansky, the portfolio manager of Fidelity Investment's Magellan Fund, said rapid stock gains in some newer technology companies have helped the fund's performance, according to Magellan's annual report. ``Because some of these companies are in the early stages of profitability, I focused on those companies with products that I believed had significant growth prospects,'' he said in the report. Juniper Networks (NasdaqNM:JNPR - news), which makes high-speed network routers; Internet access equipment supplier Redback Networks Inc. (NasdaqNM:RBAK - news); and optical network equipment company Sycamore Networks Inc. (NasdaqNM:SCMR - news) were three companies that helped boost performance of the closely watched fund, according to the report. ``...I recently had to rely somewhat on a sense of market psychology when choosing these companies as they're only starting to show quarterly earnings,'' Stansky said in the report. ``I had to evaluate how the market might reward those with the brightest potential long into the future.'' Shares of Juniper closed at 163 on the Nasdaq on Friday, down 7-1/16 on the day. Shares of Redback closed at 62-15/16 on the Nasdaq, down 7. Stock of Sycamore closed at 80-15/16 on the Nasdaq, down 11-5/16 on Friday.

To: kendall harmon who wrote (98734)	5/22/2000 8:57:00 AM
From: Bob Biersack	Read Replies (1) \| Respond to of 120523

Kendall...DY...Earnings..For the quarter, the Company reported net income before merger-related expenses discussed below of $16,861,000, or $0.40 per common share diluted, on total contract revenues of $212,260,000 as compared to net income of $9,563,000, or $0.26 per common share diluted, on total contract revenues of $128,900,000 for the corresponding period ended April 30, 1999. Net income, after merger-related expenses, for the fiscal 2000 third quarter was $14,496,000, or $0.34 per common share diluted. biz.yahoo.com