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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: John J H Kim who wrote (5379)	2/17/1998 3:31:00 PM
From: Joseph Strohsahl	Respond to of 120523

Here's a real beaten down fundamentally sound stock...its been killed since its IPO......Look at its chart...got to go up now. Tuesday February 17, 7:31 am Eastern Time Company Press Release SOURCE: Omega Research, Inc. Omega Research Announces Record Revenues and Earnings For the Year Ended December 31, 1997 Fourth Quarter Earnings in Line With Previous Earnings Outlook Announcement MIAMI, Feb. 17 /PRNewswire/ -- Omega Research, Inc. (Nasdaq: OMGA - news) today reported revenues and earnings for the fourth quarter and the year ended December 31, 1997. Net revenues for the year ended December 31, 1997 were a record $29.2 million, a 64% increase over the $17.8 million in net revenues reported for the prior year. Proforma net income for the year ended December 31, 1997, reflecting proforma income taxes as if the Company had been a C corporation subject to federal and state corporate income taxes for all periods presented and exclusive of a non-recurring tax credit of $1.2 million recorded during the third quarter of 1997, increased by 27% to a record $5.5 million compared to the $4.3 million reported for fiscal 1996. Proforma net earnings per share (on a fully diluted basis) in 1997 increased to $0.26 as compared to $0.21 for the year ended December 31, 1996. Commenting on fourth quarter performance, Salomon Sredni, Omega Research's Chief Financial Officer said, ''As explained in our January 6, 1998 press release, slower than anticipated demand led to lower than anticipated fourth quarter revenues and net income. We believe that slower demand was due, in part to customer delays in decision making (in anticipation of new product releases during the second quarter of 1998) as well as greater than expected lost sales as a result of December's curtailed business days. We expect that the major upgrade releases scheduled for the second quarter of this year will expand our revenues, income and overall growth rate.'' Net revenues for the fourth quarter of 1997 were $6.4 million, a 34% increase over the $4.7 million in net revenues for the same period in the prior year. Proforma net income was $465,000 in the fourth quarter of 1997 compared to $1.0 million in the same period of the prior year. Proforma earnings per share (on a fully diluted basis) was $0.02 in the 1997 fourth quarter compared to $0.05 in the prior year quarter. During the third quarter of 1997, the Company recognized a non-recurring tax credit of $1.2 million as a result of a deferred income tax credit (the ''FAS 109 Credit'') of approximately $3.0 million which was partially offset by a $1.8 million provision for income taxes payable. Since 1988, and until September 1997, the Company elected for its earnings to be taxed directly to the Company's shareholders as an S corporation under the Internal Revenue Code of 1986, as amended. On September 30, 1997, the Company terminated its S corporation election, and, as a result, recognized the FAS 109 Credit to record net deferred tax assets arising from book and tax basis differences that arose primarily as a result of accounts receivable reserves. The $1.8 million income tax provision relates to federal and state income taxes owed by the Company as a result of S corporation taxable earnings, a portion of which was recognized by the Company, for tax purposes, in 1997 and the balance of which will be recognized during 1998. Ralph L. Cruz, Omega Research's Co-Chairman and Co-CEO commented, ''With the major upgrade releases planned for our premium products in the second quarter of the year, we expect record revenues and profits in 1998. Last week we previewed the next generation of TradeStation and OptionStation to our Solution Providers at Omega Research Developers Conference '98. The conference was attended by numerous Omega Research Solution Providers from throughout the United States and Europe. Their reaction to the new capabilities and improvements in our products was extremely enthusiastic. We believe that the years of work devoted to produce these major upgrades will result in both meaningful upgrade revenue and new sales as our target market becomes familiar with the many exciting new functionalities in the products. Additionally, in 1998, we plan to continue to increase our research and development capabilities with the resources necessary to further enhance and expand our award-winning product lines.'' Founded in 1982, and headquartered in Miami, Florida, Omega Research, Inc. is a leading provider of real-time investment analysis software for the Windows operating system. With the 1991 release of its flagship product, TradeStation, the Company pioneered the concept of utilizing the power of the personal computer to enable investors to historically test the profitability of their own investment strategies and then computer-automate those strategies to generate real-time buy and sell signals. Omega Research's other principal products are OptionStation and SuperCharts.

To: John J H Kim who wrote (5379)	2/17/1998 9:59:00 PM
From: LastShadow	Read Replies (4) \| Respond to of 120523

Watch List 2/18 and REI: SYMBOL CLOSE CHANGE CHANGE % BORL 9.687 0.375 4.03% DIMD 11.500 0.125 1.10% PD 62.250 0.00 0.00% PSIX 8.500 0.375 4.62% QCOM 46.750 0.187 0.40% RMPO 7.875 0.00 0.00% TCOMA 29.125 0.125 0.43% TEAM 10.562 0.062 0.60% UCMP 7.625 1.375 22.00% FRTE, PNF and RMPO are technically thresholding for a positive jump. With today's market being down for several critical sectors and relative unknowns making 'Most Up' lists, I am looking for an up day tomorrow. However, with the 175 point DJ Utility surge, it may not... Although the market closed up, from my seat it looked like another horizontal correction. Long/bullish stocks are running very well, and those of you who have the Range Expansion Indicator (REI) Excel spreadsheet might want to rvisit it as it works exceptionally well in trending markets. Still long/bullish: AAPL 19.625 0.125 0.64% AKLM 4.687 -0.031 (0.66%) AMAT 36.375 -1.125 (3.00%) AMMB 31.437 -0.312 (0.98%) FRTE 6.375 0.187 3.03% GM 64.875 1.437 2.27% IIT 15.250 1.250 8.93% KMET 20.125 -0.250 (1.23%) NT 47.437 0.312 0.66% PCNI 4.937 0.062 1.28% PNF 4.812 -0.062 (1.28%) PWAV 18.062 -0.500 (2.69%) RAYS 7.500 -0.250 (3.23%) SFA 17.812 0.312 1.79% Exited: CAVR, BGEN, TXB lastshadow