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Technology Stocks : KEMET Corp. -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (267)	7/25/2000 4:24:15 PM
From: fred woodall	Read Replies (2) \| Respond to of 906

In 5 years of trading this market I don't recall ever seeing this sort of thing. KEM -2 9/16 on 4,3 Mil. Kemet Corp.'s 1st-Quarter Earnings Soar Above Analyst Estimates NEW YORK -(Dow Jones)- Electronic-component maker Kemet Corp. Monday reported its fiscal first-quarter earnings more than doubled, easily exceeding analyst expectations. For the quarter ended June 30, Kemet (KEM) said net income came to $80.2 million, or 90 cents a diluted share, compared with $4.7 million, or six cents a share, in the year-earlier period. Revenue also doubled to $329.2 million from $162.6 million. The mean estimate of four analysts surveyed by First Call/Thomson Financial was for earnings of 74 cents a share. Greenville, S.C.-based Kemet said unit volume increased 11%, selling prices rose 10% and that its product mix favored higher-valued capacitors in telecommunications, computer and Internet business segments. A capacitor stores and modulates electricity in gadgets such as mobile phones and laptop computers. Kemet, one of only three publicly-traded capacitor makers, said it plans to increase prices for noncontract customers and distributors in the September quarter. The company said it has an "outstanding" outlook for future business.