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To: Boplicity who wrote (52064)	7/18/1998 1:52:00 AM
From: Boplicity	Read Replies (1) \| Respond to of 176387

Fuel for DELL entry to storage systems. Investor News EMC And Veritas Report Upside Surprise (07/17/98; 6:22 p.m. ET) By Gabrielle Jonas, TechInvestor Shares of EMC and Veritas jumped in trading Friday after turning in surprisingly good second quarter financial results, beating earnings estimates. EMC reported net income of $190 million, or 36 cents per share, on revenue of $952 million, compared with net income of $129 million, or 25 cents a share, on revenue of $714 million in the comparable quarter a year ago. The earnings-per-share results beat Wall Street expectations by 3 cents. Shares of Hopkinton, Mass.-based EMC [EMC], which makes storage and system software, closed up 4 3/4 to 53, or almost 10 percent, after the results were released. Contributing to the company's quarterly results was a 140 percent surge in EMC's enterprise-storage software revenue, compared to last year. "The accelerated growth and profitability levels we began to see a year ago have clearly been established," said CEO Michael C. Ruettgers in a statement. Also crediting increasing demand for its end-to-end storage-management products, Veritas Software sailed past expectations by 2 cents for its second quarter. Excluding charges, Veritas earned operating income of $10.8 million, or 21 cents a share, up from operating income of $6.1 million, or 13 cents per share, for the comparable quarter a year ago. Wall Street was expecting 15 cents per share. Veritas took a of $2.25 million charge in the second quarter for its purchase of Windward Technologies in May. Including the charge, net income was $8.5 million, or 17 cents per share, on revenue of $48.1 million. In the same quarter the year before, Veritas posted a net loss of $1.6 million, on revenue of $28.9 million, or 10 cents a share, in the same period last year. The company said license revenue grew to $38.3 million in the quarter, up 66 percent from $23.2 million in the comparable quarter a year ago. Shares of Veritas [VRTS] closed up 6 7/8 to 56 7/8, or almost 14 percent. And this from Qlogic Fibre channel technology QLogic leaps over Street views By Aimee Male, CBS MarketWatch Last Update: 05:34 PM July 17, 1998 Screamers: Broadcast.com COSTA MESA, Calif. (CBS.MW) --ÿ Shares of QLogic Corp. jumped 35 percent Friday to a new 52-week high as the company reported earnings far surpassing consensus estimates for the first quarter. QLogic (QLGC) said revenue for the quarter rose to a record $24.1 million on increased sales of its input/output products. QLogic manufactures and markets integrated circuits and adapter cards for computer systems. The company's stock rose 13 to 50 1/2. The southern California-based company said first quarter earnings rose 113 percent to $4.8 million, or 52 cents per share, compared with $2.2 million or 35 cents a year-ago. The First Call consensus estimate was 43 cents per share. QLogic said in a news release that the company's entrance into fibre channel technology increased revenue quarter-to-quarter by 6 percent. Fibre channel technology provides connections between computer systems and data storage systems. The company said Tuesday it would provide fibre channel technology for Dell Computer's (DELL) PowerEdge servers. Greg