Dave,
Take a look at BRDG and see what you think. With only about 11 mil. shares issued and strong earning and growth,I think it will be a winner.....It's up 15/16 @ 3 7/16 on today's news............http://biz.yahoo.com/bw/010227/0273.html
Press Release
Bridge Technology, Inc. Announces Record Earnings for Preliminary Fourth Quarter and Year End Results
GARDEN GROVE, Calif.--(BUSINESS WIRE)--Feb. 27, 2001--Bridge Technology, Inc. (Nasdaq:BRDG - news) a data storage and communication components company, today announced preliminary results for fourth quarter and year ended December 31, 2000. Final results will be reported upon completion of an annual audit by BDO Seidman & Company.
Revenues for the fourth quarter ended December 31, 2000 climbed 216% to approximately $46,400,000, compared to $14,700,000 during the same prior year period. Net income was approximately $730,000 or $0.07 per share, versus $576,000 or $0.05 per share for the prior year. Management attributed the strong revenue and earnings growth to expanded business in China, which now represents over 50% of revenues and earnings.
For the year ended December 31, 2000, revenues were approximately $122,000,000 up 256% versus $34,200,000 for the prior year's period. Net income was approximately $1,400,000 or $0.13 per share up 86% compared to $669,000 or $0.07 per share.
About Bridge Technology, Inc.
Bridge Technology, Inc. manufactures, markets, and distributes digital recording, storage and communication components primarily to long standing OEM customers. The company, with subsidiaries in the United States, Japan, Hong Kong, and China, is also a design innovator for the data, voice, multimedia, Internet and wireless communication industries. More information on Bridge Technology, Inc. may be obtained over the Internet at www.bridgeus.com.
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Selected Financial Data
Three Months Ended Year Ended
December 31st December 31st
------------------ ----------------
2000 1999 2000 1999
---- ---- ---- ----
Revenues 46,400,000 14,700,000 122,000,000 34,300,000
Net Income 730,000 576,000 1,400,000 669,000
Earnings per
common share;
diluted 0.07 0.05 0.13 0.07
Earnings per
common share;
basic 0.07 0.05 0.13 0.07
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts, may be deemed to contain forward-looking statements including, but not limited to, deployment of new services, growth of the customer base, and growth of the service area, among other items. Actual results may differ materially from those anticipated in any forward-looking statement with regard to magnitude, timing, or other factors. Deviation may result from risk and uncertainties, including, without limitation, the company's dependence on third parties, market conditions for the sale of services, technical factors affecting networks, availability of capital, and other risks and uncertainties. The company disclaims any obligation to update information contained in any forward-looking statement. |
