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Technology Stocks : ESST-the new beginning. -- Ignore unavailable to you. Want to Upgrade?

To: stan s. who wrote (2315)	1/28/1999 5:22:00 AM
From: SuperSonics	Respond to of 3493

ESS Technology zooms above Street Plus: Earnings from Broadcom, Tower, Compaq By Melanie Austria Farmer & Janet Haney, CBS MarketWatch Last Update: 6:40 PM ET Jan 27, 1999 Shares of ESS Technology (ESST) may rise Thursday as the company reported fourth-quarter earnings 2 cents above Wall Street estimates. The company said its net income for the period was $4.8 million or 11 cents a share vs. a loss of $12.0 million or a loss of 30 cents. The median prediction from analysts surveyed by First Call expected the company to earn 9 cents. Revenue for the fourth quarter was $78.2 million compared to $70.7 million. The manufacturer of semiconductors said it launched new products and increased its cash position during the period. ESS Technology also said it anticipates a profit for 1999. See press release. Shares of the company were flat at 7 7/8 Wednesday.