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Technology Stocks : CyberGuard Corp. (CYBG) -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (1553)4/29/1998 6:27:00 PM
From: uu  Read Replies (1) | Respond to of 2616
 
Mr. Wexler:

Like I said: No Comments to the Insane!

Regards,

Addi Jamshidi

P.S - To all others: I still stand by what I posted earlier that even an insane can recall: Message 4226175

This was an excellent earnings report. Yes, their loss was wider than anticipated by a penny, but the revenue and margin growth has been extremely impressive.

Revenues for the quarter were $5.2 million compared to $4.1 million for the same three-month period ended March 31, 1997, an increase of 26 percent. Revenues for the second quarter ended December 31, 1997 of fiscal 1998 were $4.9 million. For the first nine months of FY 1998 ended March 31, 1998, revenues were $15.1 million, compared to $10.2 million for the same nine-month period ended March 31, 1997, an increase of 47.5 percent.

Gross margins for the third quarter of fiscal 1998 improved to 65 percent compared to 54 percent for the third quarter of fiscal 1997, and 63 percent for the second quarter of fiscal 1998. Unit sales increased 108 percent over the comparable period of fiscal 1997.

"...reduction of inventory in existing channels as well as the addition of several new channels were all positive business indicators."

The stock will be in the $20's very soon and I do stand by it.