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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: stock4U who wrote (35558)	4/21/1999 6:28:00 PM
From: Bill Boy	Respond to of 120523

Can't figure this. Reuters has CNET down in after hours trading. Wednesday April 21, 6:04 pm Eastern Time AFTER THE BELL - Tellabs moves higher NEW YORK, April 21 (Reuters) - Shares in Tellabs Inc. rose sharply in post-session trading Wednesday after the company said directors approved a two-for-one stock split and set a goal of tripling annual revenue to $6 billion by 2003. Chief executive Michael Birck said the company expects to achieve a $2 billion-a-year revenue goal in 1999, one year ahead of schedule. Tellabs traded at 107 in the post session, up 4-7/16 from the regular close. International Business Machines Corp (IBM - news) jumped 8-1/8 to 180 on the Instinet electronic broker system. The computer giant said first-quarter earnings rose to $1.55 per share, handily beating the First Call consensus of $1.41. Net income, per-share earnings and revenue all set first quarter records. CNET Inc (CNET - news) traded at 118, down 1-1/4 from the regular close. The Internet and media network firm reported a first-quarter profit of $0.09 per share, excluding extraordinary items. The results exceeded Wall Street forecasts of $0.03 per share. CNET shares gained 14-1/4 in the regular session. IBM added to its gains in subsequent after-hours trading at a price of 189-3/8. Cendant Corp traded at 19-1/4, up 11/16 from the regular close. The company reported first-quarter earnings of $0.22 per share diluted, versus a consensus estimate of $0.19 per share. The New York Stock Exchange said after-hours session one volume was 2,262,900 compared with 3,715,600 on Tuesday. Session two volume was 3,316,506 compared with 5,839,462 on Tuesday.