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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: Banjo who wrote (33904)	4/14/1999 4:54:00 PM
From: Jenna	Respond to of 120523

AMTD.. beats, TXCC beats the street,AAPL beats by 3 cents, EFII beats the street and IONA beats as well (that explains IONA's movment the last 2 days)IONA up 5 in last 2 trading sessions and held on to most of today's large gain as well. EFII pulled back as expected but could now reverse nicely for a second surge. cbs.marketwatch.com TranSwitch Corporation Announces Record Revenue and Profitability in First Quarter SHELTON, Conn.--(BUSINESS WIRE)--April 14, 1999--TranSwitch Corporation (NASDAQ:TXCC - news) announced today that it has posted record revenues and profit in the first quarter ended March 31, 1999. Total revenues for the first quarter of 1999 were $14,461,000, a 68% increase over the total revenues of $8,606,000, reported for the first quarter in 1998. In addition, the Company reported net income of $3,124,000, or diluted earnings per share of $0.18, for the first quarter of 1999, compared to net income of $561,000, or diluted earnings per share of $0.04, for the first quarter of 1998. ''We believe the record first quarter revenue and the record profitability reflect a) the strong communications market we are serving, b) TranSwitch's solid position in these markets due to the credibility the Company has achieved with its technology, products, and proven track record in delivering value-added VLSI solutions, and c) our ability to integrate and mix and match a variety of protocols like Asynchronous/PDH, SONET/SDH, ATM and IP, along with integration of both digital and analog functions -- all in a single VLSI device,'' commented Dr. Santanu Das, CEO of TranSwitch Corporation. ''Our strategy in 1998 was to grow our revenue significantly and maintain increases in expenses in line with our financial goals. We believe this strategy paid off handsomely in 1998 and we plan to continue on this track in 1999.'' IONA Technologies Announces Financial Results for First Quarter 1999 DUBLIN, Ireland--(BUSINESS WIRE)--April 14, 1999--IONA Technologies (NASDAQ:IONA - news) the world leader in Making Software Work Together(tm) is today announcing its financial results for the first quarter of 1999. Revenue for the first quarter was $21.2 million an increase of 20% over the first quarter of 1998. The company reported a net loss of $0.4 million, or $0.02 per share, in the first quarter of 1999 as compared with net income of $2.0 million, or $0.10 per share in the corresponding period the previous year ''These results do not reflect the level of performance I expect from IONA. This quarter's performance reflects executional issues around our rate of transition to an enterprise sales model. Market demand and cost controls remain strong and we see no new or significant competitive pressure,'' commented Dr. Chris Horn, chairman and chief executive officer at IONA Technologies. ''We are already putting in place the actions that will sharpen our execution and enable us to leverage the great market opportunities for our products and services. I believe these measures along with the announcement of new products and alliances, the launch of our brand and the success of our global user conference during the first quarter provide a great basis for moving forward.''