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Technology Stocks : Vari-L (VARL) -- Ignore unavailable to you. Want to Upgrade?

To: Frank Byers who wrote (604)	1/20/1998 12:22:00 PM
From: Grommit	Read Replies (1) \| Respond to of 2702

Earnings are out folks. I do not hold this one anymore but thought I would post it here for you. Do not see it on Yahoo yet. DENVER, Jan. 20 /PRNewswire/ -- Vari-L Company, Inc. (Nasdaq: VARL), a leading provider of advanced components for the wireless telecommunications industry, today announced record results for its fourth quarter and fiscal year ended December 31, 1997. Fourth quarter net income increased 52% to $824,000 on sales that advanced 25% to $5.55 million, as compared with net income of $541,000 on sales of $4.4 million in the fourth quarter a year ago. These results represent basic earnings per share of 16 cents and diluted earnings per share of 15 cents, as compared with basic and diluted earnings per share of 14 cents in 1996. For the year, net income advanced 73% to $2,035,000 on sales that increased 42% to $17.4 million, as compared with net income of $1,178,000 on sales of $12.2 million for 1996. These results represent basic earnings per share of 45 cents and diluted earnings per share of 43 cents, as compared with 32 cents and 30 cents, respectively, for 1996. "Management is extremely pleased to report another year of record growth and profitability, which we attribute to continued strong demand for VARI-L's products in traditional markets and growing demand from the emerging personal communications services (PCS) industry," said Dave Sherman, president. Sherman noted that economic unrest in the Pacific Rim did not have a material impact on the Company's financial results for 1997, adding that Asian markets are not expected to make a meaningful contribution to revenue until the third quarter of 1998. He said the vast majority of sales and new orders originated from traditional domestic, European and Scandinavian market segments....