HTTP://WWW.STOPNATO.ORG.UK ---------------------------
http://www.thecabin.net/stories/072402/loc_0724020016.shtml Kansan Online July 24, 2002 Acxiom meets estimates for first-quarter earnings ....Fortune magazine named Acxiom one of "the 40 stocks that can beat this market." Acxiom was cited for having a strong "instinct toward war," in adapting its information products for the U.S. government in their efforts to catch potential terrorists. The magazine was also impressed by the presence of Gen. Wesley Clark, former NATO Supreme Commander in Europe, on the company's board of directors. "Acxiom is now in talks with several government agencies and has won at least one contract so far," Fortune reported. Despite a slumping stock market, Acxiom Corp. met earning estimates for the first quarter of fiscal 2003, according to the company. "In this continued tough economic climate we were pleased to achieve the revenue and earnings targets we had established for the first quarter," Company Leader Charles D. Morgan said. "This is particularly gratifying since this is seasonally our weakest quarter." Acxiom earned revenue of $225.4 million, up 10 percent from $205 million in first quarter 2002. Earnings per share were up to $.12, a complete reversal from the loss of $.71 per share in the previous year. The company attributes its recent success to its new Abilitec software, which allows Acxiom to generate more revenue even though the number of employees has decreased. Company leaders also praised a stronger cash flow, bolstered through new contracts with companies such as Charles Schwab & Co. Inc., Staples Inc., Sun Microsystems and Gateway Inc., valued at $16 million annually. "Our emphasis on cash flow has generated very positive results over the last four quarters, and it's an emphasis we'll continue at every level of our business," said Rodger S. Kline, company operations leader. "We have primarily used the strong cash flow to retire debt, and we have made substantial progress -- reducing our revolving line of credit from a high of $241 million during June 2001 to $2 million as of yesterday." The company took the occasion to announce that salaries at the company, which were cut by as much as 5 percent last year, had begun to be reinstated in the first quarter. The reinstatements, which are gradually being phased back in throughout the company, will continue through the end of Acxiom's second quarter in September. Also today, Fortune magazine named Acxiom one of "the 40 stocks that can beat this market." Acxiom was cited for having a strong "instinct toward war," in adapting its information products for the U.S. government in their efforts to catch potential terrorists. The magazine was also impressed by the presence of Gen. Wesley Clark, former NATO Supreme Commander in Europe, on the company's board of directors. "Acxiom is now in talks with several government agencies and has won at least one contract so far," Fortune reported. Fortune magazine, which screened 4,000 stocks to identify "inexpensive stocks with momentum," has also named Acxiom one of its "100 best places to work" for four of the past five years. __________________________________________________ Do You Yahoo!? Yahoo! Health - Feel better, live better http://health.yahoo.com --------------------------- ANTI-NATO INFORMATION LIST ==^================================================================ This email was sent to: [email protected] EASY UNSUBSCRIBE click here: http://topica.com/u/?a84x2u.bacIlu Or send an email to: [EMAIL PROTECTED] T O P I C A -- Register now to manage your mail! http://www.topica.com/partner/tag02/register ==^================================================================
