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Technology Stocks : Son of SAN - Storage Networking Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Douglas Nordgren who wrote (1008)	1/28/1999 5:11:00 PM
From: Douglas Nordgren	Read Replies (2) \| Respond to of 4808

VRTS Reports Record 4Q, EPS Grows 100% biz.yahoo.com For the fourth quarter, the company achieved record revenue of $67.1 million, an increase of 88% over last year's fourth quarter revenue of $35.8 million. License revenue increased 89% while net income for the period rose to $21.5 million, from $12.3 million for the same period in fiscal year 1997. Most importantly, diluted earnings per share for the quarter, on a fully taxed basis, doubled to $0.24 from $0.12 (excluding a one-time credit) for the same period last year. During 1998, VERITAS achieved year-over-year revenue growth of 74%. ''The state of the company has never been stronger,'' said Mark Leslie, VERITAS' president and chief executive officer. ''Increasing growth in end user sales worldwide coupled with the expanding breadth and depth of our OEM sales channel puts VERITAS in a position to take full advantage of the opportunities in this rapidly expanding storage management market.'' ''1998 was a defining year for VERITAS,'' commented Leslie. ''We articulated two important initiatives early in the year for Storage Area Networking and penetration of the NT market. In the SAN arena we took a leadership position in the industry, and announced and delivered innovative products in the areas of backup, high availability and clustering."

To: Douglas Nordgren who wrote (1008)	1/28/1999 5:26:00 PM
From: Douglas Nordgren	Respond to of 4808

LSI Reports Record 4Q & FY1998 biz.yahoo.com LSI Logic Posts 15 percent Revenue Growth in 1998 LSI Logic Corporation (NYSE: LSI - news) today reported 1998 record revenues of $1.49 billion, a 15 percent increase over the $1.29 billion reported in 1997. The company also recorded $445 million in revenues for the 1998 fourth quarter, a 38 percent increase over the $323 million reported in the fourth quarter of 1997. The 1998 fourth quarter figure also represented sequential growth of 14 percent over the $390 million reported in the third quarter. ''Our overall business strategy is Internet based, as each of our targeted vertical markets is participating in this global trend,'' said John P. Daane, LSI Logic executive vice president of Communications, Computer and ASIC Products. ''The worldwide acceptance of the Internet confirms our decision to acquire Symbios and to assume a leadership position in the growing storage market.'' Daane also noted that LSI Logic's Computer, Telecom-Wireless, Networking, and Storage Components Divisions all achieved sequential bookings increases in the fourth quarter. ''LSI Logic's Storage Systems Division achieved record 1998 and fourth quarter revenues,'' said Tom Georgens, LSI Logic senior vice president and general manager of Storage Systems. ''We added to our OEM customer base during the past three months and our MetaStor storage systems products recorded nearly 50 percent year-over-year growth.'' ''We have improved the overall competitive position of LSI Logic,'' said Corrigan. ''We became the worldwide ASIC merchant market leader and through the Symbios acquisition a major player in the Internet-driven storage market. We began serving our system-on-a-chip customers through our Gresham manufacturing facility. Through these steps and others, we are ready to take advantage of the growth opportunities associated with the anticipated upturn in the global semiconductor industry.''