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Waters Corporation Message Board

  • mble940433 mble940433 Feb 17, 2000 12:43 AM Flag

    Joe is right!

    This is definately the leader. No need for the others. Buy the leader in the group. Hold tight. And build your portfolio. A keeper!
    See you guys in a couple years!
    MBLE

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    • Thursday February 17, 8:25 am Eastern
      Time



      SOURCE: MOCON, Inc.

      MOCON Announces 25% Increase
      in Earnings
      and Record Sales

      MINNEAPOLIS,
      Feb. 17 /PRNewswire/ -- MOCON, Inc. (Nasdaq: MOCO -
      news) today announced that 1999
      earnings increased
      25% compared to 1998 on record annual sales of
      $17,843,000.

      Net income increased 25% in 1999 to $2,899,000
      compared to $2,327,000 for 1998. Sales for 1999
      were
      $17,843,000 up 18% compared to $15,146,000 in 1998. Net
      income per share was 46 cents for 1999, up
      24%
      compared to 37 cents per share in 1998. Fourth quarter
      sales were $4,492,000 up 14% compared to
      $3,942,000
      during the fourth quarter of 1998. Fourth quarter 1999
      net income was $736,000 or 12 cents
      per
      share.

      ``We are very pleased with such a strong year in sales
      and earnings,'' commented President,
      Robert
      Demorest. ``We feel we are in tune with the needs of our
      customers, and the record revenue numbers provide
      us with
      confidence that we are on the right track.''

      MOCON is
      a leading provider of consulting, services, and
      systems to assess materials and processes
      for
      companies worldwide. See www.mocon.com for more
      information.

      This press release contains forward-looking statements
      that involve a number of risks and
      uncertainties.
      Important factors that could cause actual results to differ
      materially from those indicated by such
      forward-looking
      statements include but are not limited to uncertainties
      relating to competition and technological
      change,
      setbacks in product development programs,
      slower-than-anticipated customer acceptance of new
      products,
      dependence on certain key industries, and risk associated
      with the Company's acquisition strategy
      and
      international operations, and other factors set forth in the
      Company's filings with the Securities and
      Exchange
      Commission.

      MOCON's shares are traded on the Nasdaq Stock Market
      under the symbol MOCO.

 
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