Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Eicon Technologies - Montreal exchange -- Ignore unavailable to you. Want to Upgrade?

To: robin hood who wrote (179)	11/5/1998 8:54:00 AM
From: Famularo	Read Replies (1) \| Respond to of 295

First quarter results Eicon Technology Corporation EIC Shares issued 33,176,665 Nov 4 close $3.80 Thu 5 Nov 98 News Release Mr. Peter Brojde reports Eicon Technology's revenues in the first quarter ended Sept. 30, 1998 reached a record $33.1-million, up 14 per cent from the $29.1-million reported in the same period last year. The revenue growth experienced in the first quarter is attributed to solid gains in the DIVA ISDN product segment. At $15.2-million, ISDN sales were up 73 per cent from the first quarter last year, maintaining the strong trend that generated over 50 per cent growth last fiscal year. Net income for the quarter was $1.0-million, or three cents per share, compared with $2.1-million, or six cents per share, a year ago. This was the fifth consecutive profitable quarter since the restructuring that took place in the fourth quarter of fiscal year 1997. The current quarter earnings reflect the company's strategy of transitioning from low volume, high margin products to high volume, low margin products. Eicon anticipates that the increasing global demand for high-speed ISDN access and its recent business partnerships with leading global computer manufacturers such as Compaq, Hewlett-Packard and Dell, will contribute to continued revenue growth and profits this fiscal year.