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Technology Stocks : Macromedia...making a comeback? -- Ignore unavailable to you. Want to Upgrade?

To: Jim Henke who wrote (2463)	5/6/1999 9:07:00 PM
From: Cleo	Read Replies (1) \| Respond to of 2675

Here is some news ... By Brenon Daly, CBS MarketWatch Last Update: 4:47 PM ET May 6, 1999 Tech Report Software Report NEW YORK (CBS.MW) -- Macromedia shares jumped 4.4 percent Thursday after the company said that fiscal fourth-quarter earnings more than tripled as its products for creating and viewing Internet pages took off. "Basically, the Web products are really finding a home with designers," Chief Executive Officer Rob Burgess said in an interview. Web-related revenue now accounts for about three-quarters of total sales, he added. Shares rose 1 5/8 to 38 3/4 -- more than triple their 52-week low. San Francisco-based Macromedia [macr] said it earned 16 cents per share in its fiscal fourth quarter, 3 cents per share more than analysts expected. In the same quarter last year, the company earned 5 cents per share. Burgess added he expected sales in the current fiscal year to increase 30 percent, with earnings rising 50 percent. Fourth-quarter sales increased 47 percent to $44.1 million. For the fiscal year, sales rose 33 percent to $149.9 million. Macromedia makes Dreamweaver, Flash, Freehand and other products to create and view material online. Brenon Daly is a reporter for CBS MarketWatch.