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To: Jenna who wrote (417)	6/1/2001 9:15:01 AM
From: Jenna	Respond to of 1227

ULCM our earnings play Upgraded to STRONG BUY after EXCELLENT EPS report. (this is what we like!!!) Ulticom Announces Record First Quarter Results: Sales Up 93% Net Income Up 331% Earnings Per Share --Diluted-- Of $0.10 MOUNT LAUREL, N.J.--(BUSINESS WIRE)--May 31, 2001--Ulticom, Inc. (NASDAQ:ULCM - news) announced for the first quarter of fiscal year 2001, ended April 30, 2001, record sales of $17,033,000, an increase of 93% over sales of $8,826,000 in the first quarter of fiscal 2000. The Company posted net income growth of 331%, to a record $0.10 per diluted share, compared with $961,000 ($0.03 per diluted share) for the first quarter of fiscal 2000. Shawn Osborne, President and CEO of Ulticom stated, ``These are challenging economic times for the telecommunications industry. As service providers cast intense scrutiny on their spending decisions, they are increasingly focusing their expenditures on value added voice and data services to acquire, retain and profit from subscribers. Ulticom's leadership position in providing the software that enables these revenue-generating services continues to fuel our growth.''