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Technology Stocks : ASDV- Aspect Development-THE NEXT MSFT! -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (280)	4/21/1999 3:23:00 PM
From: timroy	Read Replies (2) \| Respond to of 414

From Marketwatch Shares of Aspect Development shot up 23 percent Wednesday after the computer systems company said it expects to turn a profit for the full year despite a slump in first-quarter sales. Shares gained 1 13/16 to 9 5/16 on volume of 3.75 million shares. That's over twice its daily average of 1.5 million. Aspect Development (ASDV: news, msgs) said sales for the quarter totaled $14.4 million, down from $17.7 million a year ago. "In spite of the lower-than-expected first quarter revenues, component supplier management remains a strong, healthy, and growing market," Aspect Chairman Romesh Wadhwani said in a statement. Aspect develops software that enables manufacturers to track availability, design, price, and other data about components and their suppliers. Revenue and profits are expected to grow throughout the remainder of the year and Aspect expects to be profitable for the full year, the company said. While the Aspect acknowledged in a news release it was "disappointed" with results, it's 6 cent per-share loss, which excluded a one-time gain, beat the First Call Corp. consensus estimate of an 8-cent loss. Net income for the quarter was $325,000 compared to $2.3 million, or 7 cents last year. Aspect Development said the weaker quarterly performance was caused by unexpected delays in the signing of certain major contracts. In a separate release, Aspect named Robert Evans its new president and chief operating officer.