To: Kenneth R Miller who wrote (28110 ) 3/17/1999 11:30:00 PM From: Jenna Read Replies (1) | Respond to
Looks like a super report from GNSS!! street expected <12 they came <back with 19, Genesis Microchip Announces Record Results> that was the mysterious stock #4 I kept calling no less than 4 times today. Now GNSS is a hot spot on SI. No doubt tomorrow it will be analyzed on walstreetcity, market watch, motley fool heroes & goats, and Kensey will call it a buy.. like he did with BAMM! wherin BAMM tanked (again after we had it first)an increase of 141% over $4.8 million in third quarter fiscal 1998 and a 33% sequential increase over $8.7 million in the previous quarter. As expected, the growth in revenues is attributable to growth in the flat panel LCD monitor market and the digital projection market. a 165% increase over the $1.1 million in the year-ago period. Net income for the first nine months of fiscal 1999 grew 369% over the year-ago period . Fully diluted earnings per share of $0.19, almost doubled from $0.10 in the year-ago period and grew over 26% from $0.15 in the second quarter of fiscal 1999. Income tax is not reflected in these figures as the company benefits from tax loss carryforwards. outstanding results and our growth, both for the quarter and the first nine months of our fiscal year,'' said Paul M. Russo, Chairman and Chief Executive Officer. ''In the rapidly growing LCD monitor market, which contributed to our success, several of our newly announced top tier customers are now in volume production. We expect to continue to add more top OEMs to our customer base, especially in light of our proposed merger with Paradise Electronics.
