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Technology Stocks : Sequent -- Ignore unavailable to you. Want to Upgrade?

To: Paul Dieterich who wrote (670)	11/17/1997 8:54:00 PM
From: van wang	Respond to of 1229

Monday November 17, 8:16 pm Eastern Time Sequent sees yr revs topping $800 mln By Richard Melville BOCA RATON, Fla., Nov 17, (Reuters) - Revenues at Sequent Computer Systems Inc should top the $800 million mark this year for the first time, the company's president said on Monday. Speaking at a technology conference hosted by SoundView Financial, Sequent president and chief operating officer John McAdam noted that the company's $575 million in revenues through the first nine months already topped last year's results. Referring to an estimate by SoundView analyst Gary Helmig that the company would have revenues of more than $800 million, McAdam said, ''I'm sure he's right on that.'' McAdam did not comment directly on earnings prospects but said the company, which provides high-end servers for large organizations, maintains targets of better than 30 percent annual revenue growth and pre-tax operating margins of more than 10 percent. "We'll hit that (margin) target in 1998," he said. He said the company would focus efforts on building business in Asia, particularly Japan, which he said was an historically weak market for Sequent. By contrast, Sequent is expecting a strong performance this quarter in the United Kingdom, he said. One of the company's key customers is Boeing Co (NYSE:BA - news), where Sequent now has ''about three dozen consultants on site.'' Sequent also has a contract to replace the existing computer systems at Oxford Health Plans Inc (Nasdaq:OXHP - news), where much- publicized computer problems have been blamed for a massive earnings shortfall.