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Technology Stocks : Iona (IONA) -- Ignore unavailable to you. Want to Upgrade?

To: Robert Ling who wrote (246)	12/8/1997 8:22:00 PM
From: Dave L	Read Replies (1) \| Respond to of 491

No try this... messages.yahoo.com@m2.yahoo.com

To: Robert Ling who wrote (246)	1/26/1998 5:19:00 PM
From: Robert Ling	Respond to of 491

Earnings out, IONAY makes estimates!: DUBLIN, Ireland--(BUSINESS WIRE)--Jan. 26, 1998-- Revenue Grows by 129% to $48.6 Million for Year End IONA Technologies (NASDAQ:IONAY) today announced record results for the fourth quarter and year ended December 31, 1997. The company announced that revenue for the fourth quarter of 1997 was $16.1 million, an increase of 118%, from $7.4 million reported in the corresponding period of 1996 and a 25% increase over the third quarter, 1997. Net income for the fourth quarter of 1997 was $2.2 million, or $0.11 per share, excluding a one-time charge of $2.9 million for in-process research and development associated with the company's agreement in October, 1997 to acquire a full license to the source code of transaction technology from Transarc, a wholly owned subsidiary of International Business Machines Corp. (NYSE:IBM). Including this one-time charge, net loss was $0.3 million, or ($0.01) per share. This compares with net income of $0.8 million, or $0.05 per share, for the fourth quarter of 1996. For the year ended December 31, 1997, IONA reported that revenue increased 129% to $48.6 million, from $21.2 million reported in 1996. The company reported net income of $7.2 million, or $0.37 per share, excluding the one-time fourth quarter charge. This compares with net income of $1.5 million, or $0.10 per share in 1996. All earnings per share amounts represent diluted earnings per share as defined within Statement of Financial Accounting Standards No. 128.