Investing For Growth
Investing For Growth
by Robert Sheard (MF DowMan) LEXINGTON, Ky. (Apr. 17): Lots of Investing For Growth stock news today, so let's get right to it.
Dionex <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ: DNEX)") else Response.Write("(NASDAQ: DNEX)") end if %> announced record revenues and earnings today for its third quarter ended March 31, 1996. Analysts were looking for $0.43 a share for the precision instrument maker, but Dionex posted a gain of 42% over last year, or $0.51 a share versus $0.36. Even backing a $0.05 per share gain from the sale of undeveloped property out of the total, Dionex beat the Street handily and the stock jumped 9% on the news.
Oracle <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ORCL)") else Response.Write("(NASDAQ:ORCL)") end if %> shares split 3-for-2 today, so if you suddenly thought your portfolio collapsed, adjust that cost basis and number of shares. The stock was actually up for the day.
Oracle also announced a world record today. And since I don't understand anything about this, I'll simply quote from the press release (but everyone at Oracle sure sounds excited). Oracle announced a record TPC-C performance of 30,390 tpmC at $305 per tpmC for its universal Server, the industry's first all-purpose server. "Oracle's result, a new world record, eclipses all other TPC-C benchmarks, whether mainframe, proprietary or open system. This result is nearly 1 1/2 times faster and one-fourth the cost of the previous world record, held by a completely proprietary system, the Tandem Himalaya K10000 using 112 processors. Oracle's result was obtained using 64-bit Oracle7 and Oracle Parallel Server on a Digital UNIX TruCluster configuration of four AlphaServer 8400 systems using 32 processors. At more than two times the speed of any other open systems solution, this result demonstrates the unbeatable scalability of Oracle on SMP and cluster architectures, and at $305 per tpmC, delivers incredible price/performance for high-end systems." Sounds exciting, but I'm waiting for the English version before I print up any bumper stickers.
Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %> announced today that it has acquired Steinbrecher Corporation. Tellabs paid approximately $76 million for the wireless communications systems provider. With demand soaring for telecom equipment in newly industrialized nations, Tellabs is hoping the Steinbrecher acquisition will help it deploy its strategies in Latin America and the Pacific Rim.
RoTech Medical <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ROTC)") else Response.Write("(NASDAQ:ROTC)") end if %> announced a 100% stock dividend to be distributed on May 21 to shareholders of record at the close on April 30. RoTech has roughly 12.3 million shares of common stock outstanding and the company says there will be no change to either the par value or the number of authorized shares of common stock of the company.
And finally, Green Tree Financial's <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %> $500 million 3(a)3 commercial paper program is rated 'F-1' rating by Fitch. The rating reflects Green Tree's strong position in the manufactured housing finance business, strong liquidity, and improving financial flexibility.
The Relative Strength models continue to do well, with Nike <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:NKE)") else Response.Write("(NYSE:NKE)") end if %> on a tear lately. The portfolios gained fractionally today.
Transmitted: 4/17/96 | ||||||||
INVESTING FOR GROWTH (4/17/96) | ||||||||
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