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Roundup: Xircom beats 4Q expectations

Xircom (Nasdaq: XIRC) topped analysts' fourth quarter forecasts.

After market close Monday, the maker of network cards for mobile PCs posted fiscal fourth quarter earnings of $13.6 million, or 53 cents per share, excluding one-time charges and acquisition-related costs. First Call's survey of six analysts predicted a profit 50 cents per share.

Fourth quarter revenue increased to $112.1 million, up 27 percent year-over-year and up 9 percent sequentially. Including acquisition-related costs and other non-recurring charges, net income was $10.3 million, or 40 cents per share.

For the full fiscal 1999, Xircom earned $46.3 million, or $1.82 per share, not including one-time expenses. Revenue rose to $408.9 million, a 48 percent gain from $276.1 million in fiscal 1998.

Xircom now claims 45 percent of all 100 mb Fast Ethernet card sales, and 58 percent of the market for combination Ethernet/Modem PC cards.

Original equipment manufacturers such as IBM, Toshiba, Dell, Hewlett-Packard, Compaq, Gateway and NEC generate one-fifth of Xircom's total revenues, the company said.

"We realized tremendous market share growth due to our leadership in the fastest growing segments of the PC Card space and customers continuing their rapid transition to our cable-free RealPort(TM) Integrated PC Card," said Dirk Gates, chairman, president, and CEO of Xircom. "We are now expanding the target of our solid execution engine to include new high growth spaces such as handheld connectivity, USB, broadband and home networking, and wearable information accessories."

Other tech companies reporting quarterly results Monday:

Open Market (Nasdaq: OMKT) lost $321,000, or a penny a share, not including one-time charges in the third quarter

The e-commerce software vendor boosted revenues to $18 million, compared to $14.4 million in the year-ago period. E-commerce genreated $16.6 million in sales, a 76 percent gain year-over-year. "We're back to being a focused, pure play, Internet software company, and we've achieved outstanding results," said Gary Eichhorn, president and CEO of Open Market.

Also Monday, Open Market closed its acquisition of FutureTense, which makes software for managing Web content. FutureTense lost $2 million in September quarter, on sales of $3 million.

WebTrends (Nasdaq: WEBT) earned $878,000, or 6 cents per share in the third quarter on sales of $5.3 million.

Analyst consensus predicted earnings of 4 cents per share, according to Zack's Investment Research.

The company, which makes software for analyzing e-commerce data, added 3,500 customers in the quarter. Operating margin rose to 7 percent in the third quarter from 5 percent in the second.

"Sales were very strong across all channels and geographies leading to 177 percent year-over-year growth in the combined sales of our Internet-based products," CEO Eli Shapira said. "These products and services now comprise 96 percent of our total revenue."

Liquid Audio (Nasdaq: LQID) posted a third quarter operating loss of $4.7 million, or 28 cents per share, excluding strategic marketing and stock compensation expenses. Including those costs, the maker of software for downloading music lost $5.8 million, or 35 cents per share.

Third quarter revenue increased to $1.8 million, from $745,000 in the second quarter and $1 million in the year-ago period.>