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Microcap & Penny Stocks : RDOX Battery Technology -- Ignore unavailable to you. Want to Upgrade?

To: BillQ who wrote (1770)	3/16/1999 6:00:00 PM
From: Junkyardawg	Read Replies (2) \| Respond to of 1983

For those of you that have been viewing this board for the past year you know that I do a lot of research. Sometimes my research turns up nothing and sometimes it turns up something. The following I am posting just because I find it of interest. Good luck to all of you. Lamar News Release Tuesday 4 November 1997 23:32 GMT Releases Tuesday 4 November 1997 RESULTS Cal Dive International CAL DIVE THIRD QUARTER EARNINGS INCREASE 17% This press release is transmitted on behalf of Cal Dive International Houston, November 4 - Cal Dive International, Inc. (Nasdaq: CDIS) today announced third quarter net income of US$4.0 million, an increase of 17% over the $3.4 million earned in the comparable prior year quarter. Net income per share of 27 cents declined by 4 cents as a result of the additional common shares issued in conjunction with the company's initial public offering in July. Revenues of $28.9 million increased $5.0 million or 21% due to the addition of the DP MSV Uncle John. Chief Executive Officer Owen Kratz said, "A gross profit margin of 29%, while down slightly (2%) from the third quarter of 1996, highlights the versatility of the CDI fleet which was able to absorb sub-par financial performance on a large job and two unusual events during the quarter. While margins on the Bridgeline job were a third of what we normally expect, CDI accomplished a first of its kind subsea construction project tying-in initial production from Texaco's Deepwater Discovery prospect." For the first three-quarters of 1997, earnings of $10.5 million increased 50% over the $7.0 million of net income reported in the same period of 1996. Earnings per share of 82 cents increased 30% over the 63 cents earned in the same period of the prior year. Revenues of $76 million matched the consolidated revenues generated for the entire year 1996. The Company's fleet of dynamically positioned vessels contributed $14.5 million or 62% of the $23.2 million increase in consolidated revenues in the first nine months of 1997. Cal Dive International, headquartered in Houston, Texas is a leading subsea services contractor which operates the largest fleet of permanently deployed DPDSV vessels in the Gulf of Mexico.