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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: debra vogt who wrote (41090)5/19/1999 11:38:00 PM
From: Jenna  Respond to of 120523
 
ROIA, TUNE.. There are other stocks like that one..ROIA had a lot of action on May 12 nice report interesting sector, 4 analysts upgrades in May. Now watch TUNE for a while, if you don't get dizzy. I've had TUNE and ROIA only once on the watch list, it a while they might be more frequent as soon as we pin down a pattern. Since TUNE reported today don't be surprised for a reception like ROIA got from its report. Closed today 100% of intraday range just like ROIA.

TCI Music, Inc. Reports 1999 First Quarter Results
NEW YORK, May 19 /PRNewswire/ -- TCI Music, Inc. (''TCI Music'', the ''Company'') (Nasdaq: TUNE - news, TUNEP - news), reported its financial results for the first quarter ended March 31, 1999. These results are included in the TCI Music Form 10-Q, which was filed with the Securities and Exchange Commission on May 17th, 1999.

For the quarter ended March 31, 1999, TCI Music reported consolidated revenues from continuing operations of $22.6 million, an increase of $4.2 million or 23%, compared to the same period in the prior year. Higher revenues were attributable to the following: DMX (the Audio segment of the Company) having record quarterly revenues of $10.8 million compared to $7.7 million in the same period in the prior year (exclusive of the TCI Annual Payments of $4.5 million per quarter), reflecting an increase of $3.1 million or 40% due to higher subscriber revenue and equipment sales from continued growth in DMX's residential and commercial subscriber bases; The Box (the Video segment of the Company) increasing its revenue by $932,000 or 18% to $6.3 million, due to added viewer subscribers in domestic and international households, and related increased national advertising revenue; and SonicNet (the Internet segment of the Company) increasing its revenue by $256,000 or 75%, to $596,000, as it continued to grow its base of advertising clients.