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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?


To: Peter Church who wrote (10047)5/8/2002 4:34:49 PM
From: Michael Gaudet  Read Replies (1) | Respond to of 10309
 
This is from the Yahoo board, any one have an idea about Green Hills?

SANTA BARBARA, Calif., May 8, 2002 (BUSINESS WIRE) -- Green Hills Software Inc., the world's fastest growing and now the second largest real-time operating system (RTOS) company, announced record sales, continued growth and profitability, major new products and significant new design wins for its INTEGRITY(TM) RTOS in year-end results for 2001.

Green Hills Software's revenues for 2001 were $45 million, up 10 percent from 2000 in spite of the recession and in contrast to revenue declines at many of its competitors. This revenue increase was especially significant since it showed the broad customer base that Green Hills enjoys, spanning defense, automotive, consumer electronics, industrial automation and telecommunications. By comparison, Wind River Systems (WIND, Trade) showed a 19.7 percent decline in revenues for their fiscal year ending in January 2002. According to Green Hills Software, Green Hills Software's increase, coupled with Wind River Systems' decline indicates a shift in customer buying from Wind River to Green Hills.

Operating earnings per share increased 42 percent to $0.27 in 2001 from $0.19 in 2000. Wind River Systems, in contrast, lost $0.05 per share in FY2002, down 110 percent from operating earnings of $0.52 per share the year earlier. This decline prompted Wind River to reduce their workforce during the year to less than 1,800 employees from 2,200 at the beginning of the year.