Interpahse-Quartalszahlen - 500 Beiträge pro Seite

[Tronic]

( BW)(TX-INTERPHASE)(INPH) Interphase Announces First Quarter Results; Net Income up 205%; Fibre Channel And Embedded Systems Revenues Increase 46% and 276%, Respectively

Business Editors & Technology Writers

DALLAS--(BUSINESS WIRE)--April 20, 2000--Interphase Corporation (Nasdaq:INPH), an international supplier of enterprise networking technologies, today reported financial results for its first quarter 2000. Net income rose 205% to $1,294,000, or .20 per share, from $424,000, or .08 per share in the first quarter of 1999.
Revenues for the first quarter were $13.6 million versus $17.3 million in the prior year`s quarter. While Interphase`s traditional LAN and WAN revenues declined 61% from the previous year, Fibre Channel revenues grew 46% to $7,000,000, and Broadband Telecommunications controller revenues grew 276 % to $2,136,000. In addition, the company`s gross margin increased to 55% from 46% in the 1999 first quarter. Operating expenses were $6,085,000 versus $6,003,000, a 1% increase. An after tax gain of $571,000 was recorded during the quarter related to the 1999 discontinued operations of the Quescom Voice over IP (VoIP) subsidiary. During the first quarter, the purchaser of the VoIP business completed all remaining payments under its contractual obligations, including the purchase of Interphase`s 20% interest in the new entity. The cash and marketable securities position increased by $4.5 million to a total of $20.8 million, the highest level in the Company`s history.
"We are extremely pleased with our bottom line performance for the first quarter as we transition the company`s product mix for continued future growth," said Greg Kalush, president and chief executive officer of Interphase. "We are focused on two very fast growing markets, Storage Area Networking enabled by Fibre Channel technology, and Broadband Telecommunication controllers. Our new management team has done an exceptional job of operating our company with prudent financial controls, which is allowing us to migrate from our legacy products toward these two new segments while continuing to add value for our shareholders."
During the quarter, Interphase made substantial progress on the key initiatives announced on February 23rd of this year. This progress includes the announcement of three new product families, bringing ten new products into the company`s next generation portfolio. The company has also expanded its channel sales and marketing capability by four-fold, expanding its channel presence through a recently announced agreement with Tech Data.
"Interphase is focused on diversifying its customer base," said Brad Sowers, VP of Global Sales for Interphase. "In the first quarter of 2000 we have added new design wins in both the computer networking and telecommunications markets including Hewlett Packard, LAND-5, Celox, NEC and Nokia. We look forward to continued success and a return to rapid revenue growth in the coming quarters."

About Interphase Corporation

Interphase Corporation (Nasdaq:INPH), a leader in Fibre Channel technology, designs and delivers high performance connectivity adapters for computer and telecommunication networks. The company`s Host Bus Adapter products connect computer and telecommunication servers to storage area networks (SAN), wide area networks (WAN) and local area networks (LAN) utilizing Fibre Channel, Asynchronous Transfer Mode (or ATM), SS7, Frame Relay and ISDN technologies. Headquartered in Dallas, with offices in Austin, Texas; Paris; London; and Bangkok, Interphase 1999 revenues were $73.5 million. Clients include Hewlett Packard, IBM, Compaq/Tandem, Motorola, Sun Microsystems, Lockheed Martin and Raytheon. Additional information about Interphase and its products is available through the company`s Web site at http://www.iphase.com.

Safe Harbor Statement

This press release contains forward-looking statements with respect to financial results and certain other matters. These statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such risks and uncertainties include, without limitation, fluctuations in demand, the quality and price of similar or comparable networking products, access to sources of capital, general economic conditions in the company`s market areas, and that future sales and growth rates for the industry and the company could be lower than anticipated.

The Interphase logo is a registered trademark of Interphase Corporation.




Interphase Corporation
Condensed Consolidated Statement of Operations
(amounts in thousands, except per-share amounts)

Three Months Ended
March 31, March 31,
2000 1999
--------- ---------
Revenues $13,585 $17,169
Pre-tax income 1,256 1,482
Net Income 1,294 424
Net income per common and 0.20 0.08
common equivalent share (diluted)
Weighted average common and 6,395 5,596
common equivalent shares outstanding



Selected Condensed Balance Sheet Information
(amounts in thousands)
March 31, Dec. 31,
2000 1999
--------- ---------
Cash and Marketable securities $20,803 $16,276
Accounts receivable 10,078 14,005
Inventory 10,813 11,678
Net property, plant and equipment 2,343 2,197
Total Assets 53,498 54,671
Total Liabilities 11,975 14,536
Redeemable stock 2,542 2,796
Total stockholders` equity 38,981 37,339

[collor]

schön

[BrokerSteve]

INPH dürfte damit bals wieder die 40 $ sehen !!!!!

Das Wachstum in den Sparten Fiberchannel technology ist enorm und der Laden ist MARKTFÜHRER !!!!!!!

Ich glaube daran, daß Sie von EMC geschluckt werden für 50 $ die Aktie. Passt bestens in die Produktpalette von EMC.