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Technology Stocks : Echelon Corporation (ELON) -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (3053)	8/18/2003 10:36:37 PM
From: saju chacko	Read Replies (1) \| Respond to of 3076

the below can't be too good. most of you are aware of management signals to shareholders of overpriced stock. to me it's a clear signal to sell. guess they couldn't get a deal signed. prospects look much weaker now. __________-------_________-------________ biz.yahoo.com Echelon Officer Establishes Trading Plan Pursuant to SEC Rule 10b5-1 Thursday August 14, 8:55 am ET SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 14, 2003--Echelon Corporation (Nasdaq:ELON - News), the creator of the LonWorks® device networking platform for connecting everyday devices to each other and the Internet, announced today that Oliver R. Stanfield, Echelon's chief financial officer, has adopted a prearranged plan to trade specific amounts of Echelon stock over approximately eleven months, subject to certain price restrictions and other contingencies. The plan will be used by Stanfield to diversify his Echelon holdings as part of estate planning activities. The plan is in accordance with Echelon's insider trading policy and Rule 10b5-1 of the Securities & Exchange Act of 1934. Rule 10b5-1 permits the implementation of written, prearranged stock trading plans when insiders are not in possession of material non-public information, and allows the insiders to trade on a regular basis, regardless of any subsequent material non-public information they receive.

To: Jack Hartmann who wrote (3053)	10/15/2003 1:07:17 AM
From: Sepster	Respond to of 3076

14 Oct 12:26 By Tiffany Kary Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Echelon Corp. (ELON) rose as much as 14% Tuesday as its third-quarter profit topped internal estimates. No Wall Street analysts cover the maker of software for the networking of "smart devices" such as air conditioners and lighting systems. A.G. Edwards dropped coverage of the stock recently due to the departure of one of their analysts, Brett Miller. Miller had held a "hold/speculative" rating on shares. Echelon shares traded recently at $14.34, up 6.8% or 91 cents, on volume of 988,848 shares. Average daily volume is 199,601. Echelon said Tuesday that third-quarter earnings were 11 cents a share, down from last year's 13 cents a share, but well above internal estimate for 7 cents to 9 cents a share. Revenue was $30.7 million, compared to $33.4 million for the same period in 2002. Those results included charges associated with prior acquisitions, excluding which earnings were 14 cents a share. The company cited healthy activity in all the regions where it does business, including Europe, Asia and North America. Echelon also said that performance in Asia recovered from a very weak second quarter to be more in line with expected growth, and Europe was surprisingly strong given the usual lag over summer holidays. It also said in its press release that it was signing new customers in North America. The City of Chicago and the Army Corps of Engineers both recently made progress toward getting specifications that will allow them to use Echelon's LonMark software in their buildings. Echelon officials weren't immediately available for comment. On a Tuesday morning conference call, executives said that $2.7 million of the third-quarter revenue came from a fee related to a despite with Enel, an Italian utility company that has accounted for around 60% of revenue in most quarters. The company also broke out revenue from Enel, which was $19.7 million in the third quarter. Echelon also gave guidance on the conference call, predicting 2003 earnings of 2 cents a share, and revenue of $117 million, plus or minus $1 million.