Tech Stocks in Motion
Shares of LanVision Systems (LANV) were among technology's winners Monday, rising 32% after the software company swung to a second-quarter profit. The company, which does business as Streamline Health, posted earnings of $519,269, or 6 cents a share, on sales of $4.07 million. A year ago the company reported a loss of $462,328, or 5 cents a share, on sales of $2.56 million.
Looking ahead, LanVision said it remains upbeat about second-half results. "We believe that we are on course to achieve continuing improved operating results in the final six months of the current fiscal year, and we continue to feel comfortable with our guidance regarding approximately 25% revenue growth for the entire year," the company said. Shares were trading up $1.08 to $4.48.
Global e-Point (GEPT) fell 3% after the company reported second-quarter results. The digital video-surveillance systems company reported a loss of $2.7 million, or 22 cents a share, on sales of $5.18 million. A year ago the company posted a loss of $1.5 million, or 13 cents a share, on sales of $4.55 million. Global e-Point attributed the year-over-year increase to higher sales of security products and higher sales from its contract manufacturing division. At the end of June, the company had an order backlog of $18 million, the highest in the company's history. The company expects to realize sales for most of the backlog during the second half of the year. Shares were recently trading down 14 cents to $4.85.
Shares of Amkor Technology (AMKR) traded actively after the contract semiconductor assembly company said the Securities and Exchange Commission is now conducting a formal investigation of the company. In October, the company said the SEC was conducting an informal probe. In a statement, Amkor said it "believes that the investigation continues to relate to transactions in the company's securities by certain individuals, including certain insiders or former insiders and persons associated with them." The primary focus, the company continued, appears to center around activities during June 2003 to July 2004. Shares were recently trading up 3 cents to $5.25.
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