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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 (12201)	7/28/1998 4:30:00 PM
From: Jenna	Respond to of 120523

TKLC, (4 cents above) GIC (4 cents above) ... Two earnings plays that beat estimates after the close: Tekelec Reports Second Quarter and Six Month Results; Quarterly Revenues Increase 71%, Net Income Up 148% Business Wire - July 28, 1998 16:27 Jump to first matched term CALABASAS, Calif.--(BUSINESS WIRE)--July 28, 1998--Tekelec (NASDAQ/NM:TKLC) today reported financial results for the second quarter and six months ended June 30, 1998. Revenues for the second quarter of 1998 increased 71% to $42,949,000 from $25,077,000 in the second quarter of 1997 and consisted of $28,137,000 of switching products and $14,812,000 of diagnostic products. Net income for the quarter increased 148% to $8,365,000, or $0.14 per share (diluted), compared with $3,370,000, or $.06 per share (diluted), for the second quarter of 1997. Orders for the Company's products in the second quarter were $42,251,000 and consisted of $28,999,000 of switching products and $13,252,000 of diagnostic products. This compares with $41,991,000 in the second quarter of 1997, which was the peak Local Number Portability (LNP) related order quarter triggered by the FCC mandate. The Company's backlog at the end of the second quarter was $64,800,000. ***************************************************************** General Instrument Reports Record Earnings per Share of $0.19; Operating Margin Exceeds 10% on Revenue of $489 Million; Digital Roll out in Full Swing; 420,000 Units Shipped in the Quarter PR Newswire - July 28, 1998 16:23 Jump to first matched term HORSHAM, Pa., July 28 /PRNewswire/ -- General Instrument Corporation (NYSE: GIC) today reported record earnings per share on strong earnings growth for the second quarter, which ended on June 30, 1998. EPS grew 58% year over year to $0.19 (per diluted share) in this year's second quarter from $0.12 (per pro forma share before restructuring charges) in the second quarter of 1997. Net income for the second quarter was $30 million, compared to pro forma net income before restructuring charges of $17.6 million for the second quarter of 1997. Operating income was $49.4 million in the second quarter, compared to pro forma operating income before restructuring charges of $32.2 million for the same period last year. Operating margin of 10.1% in the second quarter of 1998 compared to 7.1% excluding restructuring charges in last year's second quarter.