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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: Jenna who wrote (6783)	3/30/1998 1:39:00 PM
From: Jerry Olson	Respond to of 120523

Yeah Jenna I should have bought some more<g> dumb!!!!!....:<{ somebody might upgrade it on valuations... and NBTY even with the negative article in WSJ, went straight UP!!!!!!

To: Jenna who wrote (6783)	3/30/1998 7:50:00 PM
From: Dave Shares	Respond to of 120523

Jenna, Thanks for the heads up on this one. I bought in today, in hopes of a good report. They beat the street estimate I saw by a penny. Hope it has a good day tomorrow, like FFTI had today, David Company Press Release Fritz Companies Announces Results for Fiscal Third Quarter Net Revenues for the Quarter Up 12.1 Percent $100 Million Revolving Credit Facility Announced SAN FRANCISCO--(BUSINESS WIRE)--March 30, 1998--Fritz Companies Inc. (NASDAQ:FRTZ - news) today announced double-digit revenue and net revenue increases for its third fiscal quarter, which ended Feb. 28. In addition, the quarterly net income performance continued to show an improving trend relative to the prior year period, resulting in per-share earnings for the period of 7 cents, said chairman and CEO Lynn C. Fritz. Third quarter revenues increased by 13.6 percent to $307.2 million from $270.3 million in the year-earlier period. Net revenues (which represent revenues less direct transportation costs) increased to $132.3 million, a 12.1 percent improvement from $118.0 million achieved in the prior year. Expenses for the third quarter fell by 8.5 percent compared to the prior year period. The prior year period included a $17 million provision for doubtful accounts and, after adjusting for this provision, total expenses increased by less than 4 percent over the prior year's level. Reported net income for the third quarter was $2.6 million compared to a loss of $16.8 million in the same period last year. This translated into diluted earnings per share of $0.07 for the quarter, compared to a loss of $0.48 in the prior year's period. For the nine month period, revenues were $977.5 million, a 15.4 percent increase from the same period in the prior year. Net revenues improved by 10.1 percent to $416.7 million. Net income for the nine month period was $13.3 million, with diluted earnings per share of $0.37, compared to net income of $0.2 million and diluted earnings per share of $0.01 in the prior year. ''This performance represents important, steady progress in our efforts to implement our worldwide business plan,'' the chairman said. ''As a result of these initiatives, we are now seeing improvements in a number of the key, measurable elements of our business. ''This achievement during the weakest quarter in our year is particularly gratifying,'' he added. ''I am proud of the hard work and dedication of our global team of outstanding employees that made this performance possible.'' ''We continue to be particularly pleased with the progress in our collections performance, and have achieved a second consecutive quarter of strongly positive free cash flow,'' the chairman noted. ''Overall, and considering the challenges we faced and the competitive environment for our operations, we believe our results represent an important step forward.'' Separately, the chairman announced that the company has secured a new three-year, $100 million revolving credit facility, led by NationsBank and syndicated among six banks. ''This facility, which replaces an expiring $60 million facility, substantially improves our capacity to grow our business in the years ahead and represents solid confidence in our plans and strategies to achieve that growth,'' said the chairman. Fritz Companies Inc., is a leader in global transportation and logistics. Providing flexible service options ranging from integrated logistics programs to traditional freight forwarding and customs brokerage, Fritz develops, implements and delivers worldwide supply chain solutions for its clients. The Fritz worldwide network is comprised of more than 10,000 employees operating across 480 locations, present in 115 countries, all linked together by sophisticated information and communications systems. Fritz Companies Inc., is headquartered at 706 Mission St., San Francisco, CA 94103, (415) 904-8360. All recent information releases are available via fax-on-demand service accessed by dialing 888-286-6419. Additional information is available via the Internet: fritz.com.

To: Jenna who wrote (6783)	3/30/1998 8:02:00 PM
From: Dave Shares	Respond to of 120523

TXCC By the way, speaking of turnaround companies that you have posted, I was looking at TXCC today. This had a slow trading day, but some nice bigger blocks moving later in the day. The company does not report for a couple of weeks, but I have a feeling that we're going to see some nice move here before hand. This company traded at 22 two years ago, and closed today at 11 9/16. Just my novice opinion. David