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Article: SteelCloud Projects Fourth Consecutive Profitable Quarter; Thomas P. Dunne, CEO & Chairman: '... Our Current Stock Price is Absurdly Low'.
- Article from:
- PR Newswire
- Article date:
- November 3, 2000
CopyrightCOPYRIGHT 2000 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DULLES, Va., Nov. 3 /PRNewswire/ --
SteelCloud (Nasdaq: SCLD) announced today it has successfully completed its fiscal year 2000, which ended October 31, 2000, and anticipates its fourth consecutive profitable quarter. Further, the company will enter its new fiscal year 2001 with backlog levels on target for continued profitability.
"In spite of our recent successes, SteelCloud's stock price over the past months (like many other high tech stocks) has dropped to an unprecedented low," said Thomas P. Dunne, SteelCloud's CEO and Chairman of the Board. "Today's ridiculously low stock price is truly paradoxical in that one year ago we were reporting ...