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

To: 2MAR$ who wrote (210)	10/17/2002 12:16:36 AM
From: 2MAR$	Respond to of 238

CDW Computer($42-$50-?) net profit up, sees growth stockcharts.com[h,a]daclyyay[pb50!b200][vc60][iUc20!La12,26,9]&pref=G Wednesday October 16, 6:33 pm ET VERNON HILLS, Ill., Oct 16 (Reuters) - Computer products vendor CDW Computer Centers Inc.(NasdaqNM:CDWC - News) on Wednesday reported better-than-expected third-quarter profits on strong overall sales, and forecast growth in the current quarter. The seller of hardware, software and services via telemarketing, catalogs and the Internet said its fourth-quarter revenues would be up 7 percent to 10 percent from the year earlier. It also sees quarterly per-share earnings rising 6 percent to 10 percent. CDW shares climbed above $50.30 in after-hours trade on Instinet after finishing the regular Nasdaq session down $1.66, or 3.3 percent, at $48.44. The stock has lost around 7 percent of its value year-to-date. CDW reported third-quarter net profit jumped 27 percent to $54.89 million, or 63 cents per diluted share, compared with a net profit of $43.24 million, or 49 cents per diluted share, last year. During a conference call with analysts, CDW Chairman and Chief Executive John Edwardson said the results represented the company's 33rd consecutive quarter of year-on-year growth in earnings per share. Total revenues grew 16 percent to $1.15 billion from $991.07 million on strong results from nearly every product category. Software brought in the most revenues, helped by sales of antivirus, security, and Web and desktop publishing products. Microsoft Corp.(NasdaqNM:MSFT - News) products also sold well, the company said. In early September, Vernon Hills, Illinois-based CDW said it was seeing strong Microsoft product sales and boosted its forecasts to call for revenue of $1.13 billion to $1.15 billion and earnings per share of 58 cents to 61 cents. "There really is no good news out there," Edwardson said, referring to the overall economy and technology selling climate. "We believe we have to make our own good news happen," he added. To that end, Edwardson said CDW has been wooing new customers and convincing existing customers to spend more money. On other fronts, the company is holding down costs. CDW's customers tend to come from small- to medium-sized businesses and the public sector, which have not frozen tech spending like large companies have. As a result, Edwardson forecast fourth-quarter revenues of $1.065 billion to $1.09 billion and earnings of 50 cents to 52 cents a share. Those results would be up from the year earlier, when CDW posted revenue of $988.19 million and earnings of 47 cents per share, according to research firm Thomson First Call.