To: t2 who wrote (3048 ) 10/19/2000 6:08:45 PM From: pat mudge Respond to I thought it was short, too. Perhaps everyone was in shock. :)San Jose, California, October 16, 1998 -- SDL, Inc. (Nasdaq: SDLI) today announced quarterly revenue and earnings for the quarter ended September 30, 1998. revenues of $25.6 million compared to revenues of $24 million in the third quarter of 1997. Third quarter 1998 net income was a record $3.1 million or $0.21 per share on a diluted basis. This was an increase of 26 percent compared to a net income of $2.5 million or $0.17 per share on a diluted basis for the third quarter of 1997. Diluted earnings per share for the third quarter of 1998 were computed based on 14.7 million shares, compared to 14.4 million shares for the third quarter of 1997. For the third quarter, the company's gross margins reached 36.1 percent. This compares to gross margins of 31.8 percent for the same quarter in 1997 and 34.5 percent for the second quarter of 1998. For the year ended December 31, 1998, SDL reported record revenue of $106.1 million and net income of $12.8 million, or $0.87 per share on a diluted basis, compared to revenues of $91.4 million and a net loss of $24.7 million, or $1.83 per share on a diluted basis, for 1997. Shares used in the computation of diluted per share amounts for 1998 were 14.7 million shares compared to 13.5 million shares in 1997.
