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Technology Stocks : Datastream Systems, Inc. (Nasdaq: DSTM) -- Ignore unavailable to you. Want to Upgrade?

To: Owen Vaughan who wrote (553)	2/4/1999 9:22:00 PM
From: Mr. Jones	Read Replies (1) \| Respond to of 721

My two cents on the earnings announcement: 4Q98 versus 4Q97 (all excluding one-time charges: Gross Margins in all Sales categories are down Product Sales 91.0% versus 91.5% Consulting 44.2% versus 44.7% Technical Support 71.5 versus 72.2% Total Margin 67.9% versus 71.5% down 3.6%. Total Margin % was down further than the individual components due to the product mix - greater sales of the lower margin Consulting Services. Expense to Revenue Ratios: E:R grew to 44.3% from 42.8% due to increased R&D Spending. Not bad if there is some return on that investment. M&S and G&A were both down versus 4q97. Operating Income was down to 23.6% of sales versus 28.7% for last years period. Net Income was down to 14.7% of sales versus 18.6% last year. I haven't had anytime to look at the Balance Sheet. But I plan to do so over the weekend, as well as compare the sequential quarters (3rd versus 4th).