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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 (22312)	1/18/1999 9:48:00 PM
From: Jenna	Respond to of 120523

VNWK.. highly ranked by analysts.. (higher than RMBS). 1998 will show a profit of $0.09 which is a 50% improvement over same quarter last year and for quarter 2 in 1999 profits are expected to increase to triple digits (my favorite digits) to $0.10 versus $0.04 that's 150%.. Stock is doing well already.. I spent over 30 minutes researching it and was about to put it into the newsletter as an earnings play when I noticed it had already reported on the 14th.. and looks like a better bet than RMBS. The chart is overbought at this time as this stock was quickly recognized as a 'hit' by the street. I'd wait for a pullback before getting in.. Thursday January 14, 4:58 PM (EST) VISUAL NETWORKS REPORTS RECORD FOURTH QUARTER AND YEAR END EARNINGS ROCKVILLE, Md., Jan. 14 /PRNewswire/ -- Visual Networks(R), Inc. (Nasdaq: VNWK), the leading provider of WAN service level management systems, announces today record financial results for the three months ended December 31, 1998. Revenue for the three months ended December 31, 1998 was $15.1 million compared with $9.2 million for the same period last year, an increase of 64%. Net income for the three months ended December 31, 1998 was $2.2 million or $0.10 per share, fully taxed on a pro forma diluted basis. The fully taxed pro forma net income for the three months ended December 31, 1998 represents a $3.6 million increase when compared to the net loss of $1.4 million for the same period last year. The fully taxed pro forma net income for the three months ended December 31, 1998 excludes a $1.7 million reduction in the Company's $7.3 million accrual for merger-related costs that had been recorded in the three months ended June 30, 1998.