To: Jenna who wrote (41672 ) 5/24/1999 3:43:00 PM From: Jenna Read Replies (2) | Respond to of 120523
RIMM at day high. holding WEBT. loser that might win: FEET reports today resistance still at 11 1/4.. close to the low of the year, maybe with a okay report it will pick up. Other earnings plays today were DY, CA, BTH, and a winner caught up in a down market HRLY (earnings play) ))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) Herley Reports Revenues Up 75% in the Third Quarter -- Net Income Up 31% - EPS Up 38% -- LANCASTER, Pa.--(BUSINESS WIRE)--May 24, 1999-- -- Plant Consolidations of Acquisitions will help Support Margins -- John M. Kelley, Director of Corporate Communications for Herley Industries, Inc. (NASDAQ:HRLY - news) announced, ''Herley completed its third quarter on May 2,1999 and I am pleased to report that revenues are up 75% for the quarter with a 54% increase in operating income. This revenue growth reflects the positive impact of the General Microwave acquisition in January, 1999 and the strong internal growth of the company.'' Kelley continued, ''The ability to integrate operations from acquired companies has not always been successful in our industry. Herley has a deep and talented management team that has the experience of seven acquisitions during the past seven years. ''During the first month after the acquisition of General Microwave (GMW), we were able to reduce payroll costs almost $1 million on an annualized basis; none from direct labor. We were also able to sell GMW's corporate headquarters at an advantageous price and are relocating them to smaller, less expensive leased quarters.'' Just For Feet, Inc. Announces Record First Quarter Sales and Comparable Store Sales ))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))) BIRMINGHAM, Ala., May 4 /PRNewswire/ -- Harold Ruttenberg, Chairman and Chief Executive Officer of Just For Feet, Inc. (Nasdaq: FEET - news), today announced consolidated net sales of $220,985,000 for the first quarter ended May 1, 1999, representing a 45.5% increase over the first quarter consolidated net sales in the prior year of $151,921,000. Just For Feet consolidated comparable store sales for the first quarter increased 2.4% as compared to a 3.5% increase for the first quarter of the prior year. Mr. Ruttenberg commented: ''We are pleased with our sales results for the quarter when considering the 3.5%, 5.0% and 42.0% increases in comparable store sales in the first quarter of fiscal 1998, 1997 and 1996, respectively. Comparable store sales in both the Superstore and Specialty Store Divisions experienced single digit increases for the quarter as we continue to take market share from our competitors. This marks the twenty-first consecutive quarter of positive comparable store sales for the Company.''