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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 (20197)	12/21/1998 5:35:00 PM
From: Dave Taylor	Respond to of 120523

MUEI REPORTS biz.yahoo.com Monday December 21, 4:29 pm Eastern Time Company Press Release Micron Electronics Reports Record Unit Shipments and Strong Sequential Revenue Growth in First Quarter Results -Posts Continued Improvements in Business Operations- NAMPA, Idaho--(BUSINESS WIRE)--Dec. 21, 1998-- Micron Electronics, Inc. (www.micronpc.com; Nasdaq:MUEI - news), a leading direct vendor of personal computers, today announced ongoing improvements in its business operations and financial results for its first fiscal quarter of 1999 ended December 3, 1998. Net income for the first quarter of fiscal 1999 was $11.7 million, or $0.12 per diluted share, on net sales of $403.5 million. These results compare to net income of $16.2 million, or $0.17 per diluted share, on net sales of $339.0 million in the fourth quarter of fiscal 1998. The Company experienced consolidated sequential revenue growth of 19% and sequential PC unit growth of 21% over the fourth quarter of fiscal 1998, and continued to make progress in other areas of business operations, including further reducing days sales of inventory to seven days and maintaining an industry-leading position in cash conversion cycle of negative 18 days. During the first quarter of fiscal 1998, the Company reported net income of $1.1 million, or $0.01 per diluted share, on net sales of $558.9 million. The first quarter of fiscal 1998 results included $70.2 million in sales from Micron's contract manufacturing business (MCMS) in which the Company sold 90% of its interest in the second quarter of fiscal 1998. During the first quarter, the Company saw strong sequential quarter-to-quarter PC systems unit growth of 21% with particular strength in desktop PC and notebook computer sales. The growth resulted in record unit shipment volume, surpassing any previous quarter in the Company's history. Sequentially, desktop sales increased 15% and notebook units advanced 74% over the fourth quarter of fiscal 1998. Server sales were relatively flat as the Company faced supply issues during the quarter. The Company experienced an overall 5% decrease in the average selling price for PC systems from the fourth quarter of fiscal 1998 due primarily to more aggressive pricing across its product lines, especially on notebook products in order to stimulate growth. ''Having met or exceeded our objectives in the first phase of our turnaround plan, we shifted our emphasis this quarter to re-stimulating growth. As a result, we are pleased to report that we achieved record unit shipments and strong sequential revenue growth during the quarter,'' said Joel Kocher, Chairman and Chief Executive Officer of Micron Electronics, Inc. ''We were solidly positioned to invest in both short and long-term growth strategies while continuing to reduce operating expenses.''

To: Jenna who wrote (20197)	12/21/1998 5:38:00 PM
From: gbr	Respond to of 120523

Jenna Noticed COGNF as a earnings play. Earnings came out today after the market close biz.yahoo.com I believe its a penny more than expected. Any Comments about this one? thanks gary

To: Jenna who wrote (20197)	12/21/1998 5:40:00 PM
From: Shanker Reddy	Respond to of 120523

both MUEI & COGNF reported one cent better than first call estimates, will see how market will react.

To: Jenna who wrote (20197)	12/21/1998 8:35:00 PM
From: Sonki	Read Replies (2) \| Respond to of 120523

jenna, OT:is your housekeeper single? if i had a house keeper like that she would be maintaining my portfolio instead of the house. just the kind of girl Our opt jerry needs to keep his watch over his net stocks. not OT: coms reports tomorrow....

To: Jenna who wrote (20197)	12/21/1998 9:44:00 PM
From: Burjis S.	Read Replies (1) \| Respond to of 120523

Congrats Jenna on a terrific day, I just got in part of the action as I was at work all day but I can't complain sold some IMNX Jan 115 @ 5 1/8 today, let see how it pans out. Also did well with DELL and NSCP. By the way if the housekeeper leaves I'll come over to clean for free if I can look over your shoulder once in a while and get a few hot tips!! <ggg>