Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (53)	10/23/2000 7:51:46 PM
From: Jenna	Respond to of 6445

Datum Reports Record Third Quarter Results MONDAY, OCTOBER 23, 2000 4:05 PM - PRNewswire IRVINE, Calif., Oct 23, 2000 /PRNewswire via COMTEX/ -- Datum Inc. (Nasdaq:DATM), the leading designer and global supplier of synchronization, timing and frequency solutions, today announced record results for the third quarter ended September 30, 2000. Net revenue for the third quarter increased 45% to $36.2 million from $25.0 million in the third quarter of 1999. Net income was $2.0 million or $0.32 per diluted share, compared to a loss of $0.6 million, or $0.11 per diluted share, in the prior-year period. Net income for the third quarter and nine months ended September 30, 2000 includes previously announced charges of $500,000 before taxes, or $0.05 per diluted share, related to the establishment of Datum's Test and Measurement Division. "Datum generated strong performance across all of its core businesses while strengthening its operating structure and financial condition," commented Erik van der Kaay, Chairman and Chief Executive Officer. "Building on our momentum from the second quarter of 2000, revenues increased 8% sequentially in the third quarter. Our wireless business again turned in a strong performance, benefiting from a favorable product mix, a more diversified customer base and improved operating efficiencies.