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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (27847)	3/16/1999 2:47:00 PM
From: Shanker Reddy	Respond to of 120523

Jenna, SKYT, is it a buy at 17.63 ?

To: Jenna who wrote (27847)	3/17/1999 1:25:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

VRTY 14% earnings surprise; Jabil Circuit Posts Record Revenue & Earnings, CMVT 4.8% surprise (4 cent surprise) sets 3-2 stock split, and ROST 1% surprise, WTSLA beats the street by 2 cents, Sequential Operating Income Increases 12 Percent ST. PETERSBURG, Fla.--(BUSINESS WIRE)--March 16, 1999--Jabil Circuit, Inc. (NYSE:JBL - news), electronics manufacturer to the world market for circuit board assemblies and services, today reported record revenue for the second fiscal quarter of 1999, ended February 28, 1999. Revenue for the quarter increased 49 percent to $493.4 million compared to $ 330.7 million for the same period of fiscal 1998. Jabil's second quarter of fiscal 1999 net income increased seven percent to $ 21.6 million or $0.28 per diluted share compared with $20.1 million or $0.26 per diluted share for the second quarter of fiscal 1998. Gross profit for fiscal 1999 second quarter increased 26 percent to $55.5 million or 11.3 percent of revenue compared to $44.0 million or 13.3 percent of revenue for the corresponding quarter of fiscal 1998. Operating income for the second fiscal quarter of 1999 increased 15 percent to $34.9 million or 7.1 percent of revenue compared to $30.3 million or 9.2 percent of revenue for the second fiscal quarter of 1998. Revenues for the first six months of fiscal year 1999 increased 45 percent to $941.3 million, compared to $650.2 million for the same time period of fiscal 1998. Net income for the first six months of fiscal 1999 increased four percent to $ 40.9 million, compared with $39.2 million last fiscal year. Diluted earnings per share for the first six months of fiscal 1999 were $0.52 compared to $0.51 for the same period of fiscal 1998 _________________________________________ Tuesday March 16, 4:05 pm Eastern Time Company Press Release Verity Announces Fourth Consecutive Record Quarter SUNNYVALE, Calif.--(BUSINESS WIRE)--March 16, 1999--Verity, Inc. (Nasdaq:VRTY - news), a recognized leading provider of knowledge retrieval solutions for the enterprise and Internet, today reported financial results for its third fiscal quarter ended February 28, 1999. Verity's revenues and net income were both at record levels for the fourth consecutive quarter. Revenues for the third fiscal quarter were $16.7 million, representing a 10% increase over $15.2 million in revenues for the previous quarter ended November 30, 1998. Software product revenues, which represented 75% of total revenues for the third quarter, were $12.5 million, which equate to an 8% increase from $11.5 million for the previous fiscal quarter. Compared to the same period last year, third quarter revenues were up 49% from $11.2 million; and software product revenues were up 44% from $8.7 million. Verity saw significant sales activity in key markets, including Intranet information access solutions for major telecommunications, banking and financial services, business and consumer services, consulting, pharmaceutical, chemical, higher education, and high technology companies. Additionally, the Company had significant sales activity with e-commerce sites, online publishers and government agencies, and developed strategic OEM resale agreements, including agreements with Corel and Ricoh. Net income grew by 48% between the second and third quarters of fiscal 1999. Net income for the third quarter was $3.5 million, or $0.24 per diluted share, compared with net income of $2.4 million, or $0.18 per diluted share for the previous quarter ended November 30, 1998. One year ago, Verity reported a net loss of $610,000, or $0.05 per diluted share, for its third quarter.