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.

Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (882)	1/27/1999 10:32:00 AM
From: judge	Read Replies (1) \| Respond to of 52051

after the bell yesterday DULLES, Va., Jan. 26 /PRNewswire/ -- Dunn Computer Corporation (Nasdaq: DNCC) today announced its fiscal year results for 1998. For the twelve months ended October 31, 1998 revenues were $66.9 million as compared to $21.3 million for the twelve months ending October 31, 1997. Earnings for the twelve months ended October 31, 1998 were $980,000 as compared to $1,300,000 for twelve months ended October 31, 1997. Earnings per share were $.13 versus $.28 for the same period with shares outstanding increasing from 4,679 million to 7,492 million on a fully diluted basis. Thomas Dunne, President of Dunn Computer said, "The Company recognized certain expenses related to the treatment of government lease transactions and costs associated with the IDP acquisition in the fourth quarter. The Company expensed $564,000 in acquisition costs and has adjusted through the purchase price $1,144,000 of current and anticipated future expenses. The lease accounting adjustment and purchase price adjustment affected fourth quarter earnings by $.14 per share. By recognizing all the expenses associated with the IDP acquisition in fiscal 1998 future earning will not be negatively affected." Dunn Computer Corporation (Nasdaq: DNCC), VA manufactures custom computers and provides specialized manufacturing and consulting services directly to its federal government and commercial customers. Dunn's hardware products include Intel-based workstations, high-performance network servers, and portable computers. Dunn Consulting provides professional consulting services and is organized into six distinct practices -- Microsoft, Novell, Network Infrastructure, Web Site Development, Staff Augmentation and Systems Deployment. The company is headquartered in Dulles, VA and can be reached at (703) 450-0400. Additional information on Dunn is available at www.dunncomputer.com or by e-mail at info@dunncomputer.com. All trademarks are the property of their respective companies. SOURCE Dunn Computer Corporation /CONTACT: For marketing: Bill Hughes, ext. 148; or for financial information: Dave Kesick, ext. 147; both of Dunn Computer Corporation, 703-450-0400/ /Web site: dunncomp.com (DNCC) Headlines Next Story DNCC %CPR %ERN V%PRN P%PRN