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.

Technology Stocks : Earnings: Small Cap Tech/ Software -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (13)	7/25/2001 6:59:49 PM
From: SusieQ1065	Read Replies (2) \| Respond to of 238

NETE ($21-$23) P/E 102 Beat by 1 cent, Rev's slightly light... Wednesday July 25, 4:04 pm Eastern Time Press Release SOURCE: Netegrity, Inc. Netegrity Announces Financial Results for Second Quarter 2001 Second Quarter 2001 Results Include EPS of $0.09 and 52 New Customers Brings Total Number of Customers to 431 WALTHAM, Mass., July 25 /PRNewswire/ -- Netegrity, Inc. (Nasdaq: NETE - news), the leading provider of solutions for securely managing e-business, today announced financial results for the second quarter ended June 30, 2001. Total revenue of $24.8 million for the second quarter of 2001 increased 136% from $10.5 million for the same period last year. Netegrity reported its fourth consecutive quarter of profitability in the second quarter of 2001 with net income of $3.1 million or $0.09 per diluted share, as compared to a net loss of ($106,000), or ($0.00) per share for the quarter ended June 30, 2000. License revenue from the Company's SiteMinder® family of products was $16.1 million increasing 134% from $6.8 million for the corresponding quarter in 2000. For the six months ended June 30, 2001, revenue increased 195% to $50.8 million as compared to $17.2 million for the six months ended June 30, 2000. The Company reported net income for the first six months of 2001 of $6.5 million or $0.19 per diluted share, as compared to a net loss of ($1.0) million or ($0.04) per share for the same period in 2000. ``I am extremely pleased that we delivered on our commitments and again achieved very solid financial results in a difficult economic environment,'' said Barry Bycoff, chairman and CEO of Netegrity. ``Our organization is very well positioned at the core of the mission critical projects that create operational efficiencies and reduce costs for our customers.'' Netegrity further extended its market leadership as evidenced by strong follow on sales and the addition of many significant new name customers. The company signed agreements with 52 new customers, bringing the total number of customers to 431. New customers in Q2 included Allfirst, Cargill, Inc., CIBC, Delta Dental Plan of Michigan, Domino's Pizza, the Internal Revenue Service (IRS), Manpower, Inc., Master Bit, medibuy, Mellon Financial Corporation, Mobistar, Options Clearing Corporation, Riverside Health System, and TNT Logistics. Netegrity also had 49 follow on software deals with existing customers, indicating the success customers are achieving with Netegrity's leading solution and the quality of the Company's product suite. Additional Q2 Highlights * Gartner once again placed Netegrity in the leadership position in the Gartner Extranet Access Magic Quadrant. This marked the second year in a row that Netegrity was the only vendor in the leadership quadrant among the many other vendors evaluated by Gartner. * Several new products were announced including Delegated Management Services(TM) v2, AffiliateMinder(TM), MobileMinder(TM), and Secure Reverse Proxy Server. With the introduction of these products, Netegrity is meeting the needs of its customers and expanding into new markets. * Netegrity held its first user conference in May 2001. The conference resulted with a sell out crowd of more than 500 attendees and over 25 company sponsors. * Netegrity announced strategic partnerships with market leading vendors including Access360, BMC Software, Business Layers, Internet Security Systems, Interwoven, IONA, Oracle, and webMethods. These partnerships will enable Netegrity to jointly generate new business opportunities, extend our respective platforms through integration, and promote joint solutions to our combined customer bases. * Netegrity forged strategic relationships with the leading systems integrators, Ernst & Young, Deloitte & Touche, and PricewaterhouseCoopers, to enable companies to rapidly implement secure e-business solutions built around Netegrity's market leading SiteMinder technology. * Netegrity opened a federal office to provide federal agencies with an experienced team to meet the unique needs of the federal government sector. Earnings Webcast Netegrity will hold its Q2 2001 earnings conference call on July 25th at 5:00 p.m. (EDT). The call will feature Barry Bycoff, Netegrity's chairman and CEO, and Jim Hayden, Netegrity's chief financial officer. Netegrity will broadcast the Q2 conference call live via the Internet at www.netegrity.com. This Webcast will also be archived for later listening at www.netegrity.com/investors. In addition, a replay by telephone will be available until 5:00 p.m. (EDT) on Friday, July 27, 2001. To access the replay, dial (800) 642-1687, or (706) 645-9291 (international), and enter access code 1179192.

To: SusieQ1065 who wrote (13)	7/25/2001 7:05:24 PM
From: 2MAR$	Respond to of 238

HLIT ( $10-$12.75)reported net sales of $49.3 million, up 22% from $40.3 SUNNYVALE, Calif.--(BUSINESS WIRE)--July 25, 2001--Harmonic Inc. (Nasdaq:HLIT - news) today announced its results for the quarter ended June 29, 2001. For the second quarter of 2001, Harmonic reported net sales of $49.3 million, up 22% from $40.3 million in the previous quarter and down from $80.0 million for the second quarter of 2000. Domestic sales represented 77% of total sales for the second quarter of 2001. The Convergent Systems (CS) division, which designs, manufactures and markets digital headend systems for a variety of networks, had net sales of $28.5 million, up 33% from divisional net sales of $21.5 million in the previous quarter. During the second quarter, the Company made its first volume shipments of its next-generation digital systems, including the recently introduced NSG for video-on-demand and MV50 encoder. The Broadband Access Networks (BAN) division, which designs, manufactures and markets fiber optic products for broadband cable networks, had net sales of $20.8 million for the second quarter of 2001, up from divisional net sales of $18.8 million in the previous quarter. Despite continued weakness in spending on transmission network infrastructure by the cable industry, the sequential increase in BAN sales reflected Harmonic's increased penetration into major domestic cable operators. The Company also introduced its new GIGALight system, a cost-effective DWDM solution for transporting multiple Gigabit Ethernet, SONET and ATM data streams over a single fiber, supporting such digital transport applications as video-on-demand, high-speed data and IP telephony. ``We are very pleased with our strong execution and improved operating performance in the second quarter, despite a continued weak capital spending environment for many of our customers,'' said Anthony J. Ley, Chairman, President and Chief Executive Officer. ``During the second quarter, we saw volume shipments of our new products, and sales to established customers such as Cablevision, Cox Communications and DIRECTV, as well as new customers like WINfirst and Altrio Communications.'' ``We have also succeeded in reducing our operating costs while enhancing our competitive position as we continue developing and rolling out groundbreaking new products. In the second half of 2001, we anticipate increased revenue, driven by growing interest in our next-generation products and a number of promising new satellite and broadband opportunities.'' Excluding non-cash purchase accounting adjustments for amortization of goodwill and other intangibles, the pro forma net loss for the second quarter of 2001 was $30.2 million or $0.52 per share on 58,177,000 basic weighted average shares. As discussed in its April 25, 2001 press release, the Company completed a review of its facilities requirements during the second quarter, and recorded a charge of $7.0 million related to future real estate commitments in excess of projected needs. In addition, the Company incurred severance and other costs of $1.4 million during the second quarter. If these non-recurring charges were excluded, the pro forma net loss would have been $21.8 million or $0.37 per share. For the same period of 2000, the Company reported pro forma net income of $6.6 million or $0.13 per share on 50,935,000 diluted weighted average shares. On a GAAP basis, the net loss was $34.1 million or $0.59 per share for the second quarter of 2001. As of June 29, 2001, the Company had cash, cash equivalents and short-term investments of $61.9 million. During the first half of 2001, Harmonic made capital investments of approximately $23 million, primarily related to building leasehold improvements to accommodate the relocation of former DiviCom employees to its Sunnyvale campus and implementation of a new enterprise resource planning (ERP) system. Because these projects are essentially complete, the Company expects capital expenditures to be significantly lower in the second half of 2001, in an anticipated range of $5 million to $10 million. A listen-only Internet broadcast of Harmonic's conference call regarding its second quarter 2001 results will be available today (2:00 p.m. Pacific/5:00 p.m. Eastern) at www.harmonicinc.com under ``Investor Relations'' or by calling 800-633-8741, Reservation No. 17636774. Until July 27, 2001, a replay will also be available either at www.harmonicinc.com or by calling 858-812-6440 (Reservation No. 17636774). About Harmonic Inc.