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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 (36841)	4/28/1999 1:50:00 AM
From: sherlockgerlach	Respond to of 120523

Jenna, thanks for the earlier info on A. B. Watley. Get some rest, you've earned it.

To: Jenna who wrote (36841)	4/28/1999 7:53:00 AM
From: JustInTime	Respond to of 120523

Jenna, any opinion on ITIG. Reports on Thursday, sold off earlier this year..same business as Keane (IT Consulting); gets 35% of its revenue from SAP installs/consulting. Was beaten down earlier this year from news that SAP sales were slowing. SAP reported better than expected sales: quicken.excite.com. Already near low, low PE and possibility of increasing sales and revenue because of upturn in SAP leads me to beleive that ITIG may rebound. This stock is down from 24 1/4 high to current 5 9/16. Trades at $1 above book. Message 9165038 Message 9165101

To: Jenna who wrote (36841)	4/28/1999 7:54:00 AM
From: ayahuasca	Respond to of 120523

Jenna- CBSI - nice report. beat street but below whisper. I think it should do well. Complete Business Solutions, Inc. First Quarter EPS of 27 Cents up 93 Percent Over First Quarter 1998 on 35 Percent Increase in Revenue FARMINGTON HILLS, Mich., April 28 /PRNewswire/ -- Complete Business Solutions, Inc. (Nasdaq: CBSI), a worldwide information technology (IT) consultant and service provider offering clients flexible global delivery capabilities, reported first quarter 1999 earnings per share of $0.27, a 93 percent increase over first quarter 1998 pro forma EPS of $0.14, excluding merger-related expenses. The Company attributed these results to operating leverage on past infrastructure investments in conjunction with revenue growth in higher-margin service offerings such as the fast growing emerging technology sector and consulting services. Revenue for the first quarter ended March 31, 1999 increased approximately 35 percent to $112 million from $83.2 million in the first quarter of 1998. Net income increased 106 percent to $10.2 million for the quarter compared with pro forma net income of approximately $5 million before merger-related expenses for the same period in 1998. "Year 2000 business, both in the U.S. and in India, is successfully transitioning to maintenance, consulting and emerging technologies where there has been very high demand," noted Raj Vattikuti, president and chief executive officer. "CBSI has a tremendous track record in all these areas. This is clearly demonstrated by the recent win with NEC and several other deals we closed during the quarter." NEC recently selected CBSI as a development partner to help build NEC's APBASE application framework. "We believe that the recent acquisition of Impact Innovations Group positions us well in the areas of Internet applications and business to business e-commerce services." According to industry analysts, Intranet applications and e- commerce/Internet services is estimated to be a $32.7 billion market in 2002 compared to $9.7 billion in 1999, a compound annual growth rate of 71 percent. "That's why we're excited to participate in this sector," continued Vattikuti. "We have seen internal growth of over 40 percent in our revenues from emerging technologies this quarter as compared to last year at this time. We expect to maintain our position in this marketplace by continuing to invest in infrastructure to support training, emerging technologies and our expanding branch structure." Margins Gross profit margin for the first quarter of 1999 was 34.6 percent and the operating margin was 13 percent. Net margin reached 9.1 percent. "We were very pleased to see operating margins expand to 13 percent," said Tim Manney, executive vice president of finance and administration. "This was primarily due to our growth in e-commerce services and continued strong growth in our other higher-margin service offerings." 1998 earnings (except as otherwise noted in the tables) and related margins are pro forma and are restated as poolings of interest for the January 1998 acquisition of c.w. Costello & Associates, inc., formerly a Subchapter S corporation, as well as the July 1998 merger with Claremont Technology Group, Inc., previously a public corporation. All per-share figures reflect a March 19, 1998 2-for-1 stock split. About Complete Business Solutions, Inc. CBSI is a worldwide provider of information technology ("IT") services to large and mid-size organizations. The Company offers its customers a broad range of IT services, from advising customers on strategic technology plans to developing and implementing appropriate IT applications solutions. CBSI offers custom-tailored solutions based on an assessment of each client's needs. The Company's services include: consulting; large systems applications development and maintenance; emerging technology solutions; packaged software implementation, such as ERP; year 2000 conversion and testing services and contract programming services.