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   Technology StocksGTS DURATEK INC (DRTK )


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To: jeffrey rainey who wrote (42)10/6/1998 8:10:00 PM
From: jeffrey rainey
   of 49
 
HELLO OUT THERE..... Seems to me this is a good time to average down or jump in... These prices will not last for long! JMO

Regards

Jeff

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To: jeffrey rainey who wrote (43)10/29/1998 10:32:00 AM
From: jeffrey rainey
   of 49
 
Business Editors

COLUMBIA, Md.--(BUSINESS WIRE)--Oct. 29, 1998--

Highlights
-- 3rd Qtr 98 Net Earnings Increased 32% to $1.9 million
-- 3rd Qtr 98 EPS $0.10 per share vs. $0.07 for 3rd Qtr 97
-- 3rd Qtr 98 Revenues Increased 8% to $39.4 million

GTS Duratek (DRTK - Nasdaq) Thursday announced a 32% increase in
net earnings for the three months ended Sept. 30, 1998 to $1,889,000,
or $0.10 per share, as compared to $1,432,000, or $0.07 per share for
the comparable period in 1997.
Revenues for the quarter increased 8% to $39,391,000 as compared
to $36,355,000 for the third quarter 1997.
Commenting on the quarter, Robert E. Prince, president and CEO
stated, "In terms of our processing operations, it appears that the
streamlining and cost savings measures we implemented mid-year have
begun to pay off. We believe changes in our approach to waste
processing production and scheduling at our Bear Creek facility
resulted in more flexibility and improved performance."
"Our participation in the Hanford Tank Waste Remediation contract
awarded to the BNFL team is now underway. Our efforts are initially
being directed towards technology development support, pilot melter
operations, full-scale melter system design and project staffing
support. We believe this project will contribute approximately $17-$20
million to the Company's revenue stream in 1999."
For the nine month period ended Sept. 30, 1998, net earnings were
$2,813,000, or $0.12 per share, as compared to a net loss of
($2,234,000), or ($0.27) per share, for the nine months ended 1997.
Revenues for the nine months ended 1998 were $115,432,000 as compared
to $86,316,000 for the comparable period 1997.
The year-to-date net loss for 1997 included a $5.2 million after
tax charge the Company took in the first quarter of 1997 for losses on
its Savannah River M-Area facility due to a decision to replace the
melter box.
Year-to-date revenues for 1998 increased by $29,116,000 over the
same period in the prior year due primarily to revenues generated from
the operations of The Scientific Ecology Group acquired in April of
1997.
GTS Duratek provides services and implements proprietary
technologies to protect people and the environment from the effects of
radiation and other hazards. Major areas include:
radioactive/hazardous waste stabilization, volume reduction,
separation, recycling; extensive radioactive waste management;
transportation; and radiological engineering services.
The Company has included in its periodic filings under the
Securities Exchange Act of 1934, including its Form 10-Q for the
quarter ended June 30, 1998, pursuant to the "safe harbor" provisions
contained in the Private Securities Litigation Reform Act of 1995,
certain cautionary statements which are intended to identify certain
important factors that could cause the Company's actual results to
differ materially from those contained in forward-looking statements
of the Company made by or on behalf of the Company.
Reference is made to such statements for a complete discussion of
those factors, which include the ability to manage the Company's
commercial waste processing operations and to obtain additional waste
processing contracts, the ability to extend the Savannah River M-Area
contract, future awards by the DOE and other governmental agencies,
public and political concerns surrounding radioactive waste clean-up
efforts, and the timing of contract awards, extensions, and
non-renewals in the technical support services area.
Also, as stated herein, the timing of contracting efforts, and
timing and success in new contract awards have affected
period-to-period comparisons and are expected to do so in the future.
-0-
*T
GTS DURATEK, INC. AND SUBSIDARIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months
Ended September 30,
---------------------
1998 1997
---- ----


Revenues $39,390,989 $36,355,384
Cost of revenue 29,610,260 30,501,464
----------- -----------

Gross profit 9,780,729 5,853,920

Selling, general
and administrative expenses 6,394,003 4,428,846
--------- ----------

Income (loss) from operations 3,386,726 1,425,074

Interest income (expense), net (207,840) 51,779
---------- ----------

Income (loss) before
income taxes (benefit) and
proportionate share of
loss of joint venture 3,178,886 1,476,853

Income taxes (benefit) 1,240,044 -
--------- ----------

Income (loss) before proportionate
share of loss of joint venture 1,938,842 1,476,853

Proportionate share of loss of
joint venture (50,000) (45,000)
---------- ----------

Net income (loss) 1,888,842 1,431,853

Preferred stock dividends and
charges for accretion 376,770 375,951
--------- ----------

Net income (loss) attributable to
common stockholders $1,512,072 $1,055,902
========== ===========

Basic net income (loss) per share $0.11 $0.08
========== ===========

Diluted net income (loss) per share $0.10 $0.07
========== ===========


Basic weighted average
common stock outstanding 13,223,594 12,662,474
========== ===========

Diluted weighted average
common stock and dilutive
securities outstanding 20,838,002 19,644,644
========== ===========


Nine Months
Ended September 30,
---------------------
1998 1997
---- ----

Revenues $115,432,142 $86,316,446
Cost of revenue 91,108,701 79,273,311
------------ -----------

Gross profit 24,323,441 7,043,135

Selling, general
and administrative expenses 19,030,115 10,479,443
------------ -----------

Income (loss) from operations 5,293,326 (3,436,308)

Interest income (expense), net (463,240) 586,869
------------- -----------

Income (loss) before
income taxes (benefit) and
proportionate share of
loss of joint venture 4,830,086 (2,849,439)

Income taxes (benefit) 1,867,500 (750,000)
------------- -----------

Income (loss) before proportionate
share of loss of joint venture 2,962,586 (2,099,439)

Proportionate share of loss of
joint venture (150,000) (135,000)
------------- -----------

Net income (loss) 2,812,586 (2,234,439)

Preferred stock dividends and
charges for accretion 1,129,723 1,127,232
------------- -----------

Net income (loss) attributable to
common stockholders $1,682,863 ($3,361,671)
============= ============

Basic net income (loss) per share $0.13 ($0.27)
============= ============

Diluted net income (loss) per share $0.12 ($0.27)
============= ============


Basic weighted average
common stock outstanding 12,955,053 12,553,551
============= ============

Diluted weighted average
common stock and dilutive
securities outstanding 14,234,122 12,553,551
============= ============
*T

--30--SF/ph*

CONTACT: GTS Duratek
Diane R. Brown, Investor Relations
Robert F. Shawver, Exec. V.P.
410/312-5100 - www.gtsduratek.com

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To: jeffrey rainey who wrote (44)11/3/1998 12:46:00 PM
From: milt
   of 49
 
The company's 3Q report looked good, but did you notice the increase in dilutive shares from 14.3 million to 20.8 million? That worries me a bit and I haven't been able to find out what it's about.

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To: milt who wrote (45)11/3/1998 3:39:00 PM
From: jeffrey rainey
   of 49
 
check out this thread it is more up to date and most posters seem in the know..

messages.yahoo.com@m2.yahoo.com

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To: jeffrey rainey who wrote (46)6/23/2001 9:46:47 AM
From: long-gone
   of 49
 
Friday June 22, 6:07 pm Eastern Time
Press Release
SOURCE: Berman, DeValerio & Pease LLP
Duratek, Inc. Accused of Defrauding Investors In Shareholder Class Action Brought by Berman DeValerio & Pease
BALTIMORE, June 22 /PRNewswire/ -- Shareholders today filed a federal class-action lawsuit charging Duratek, Inc. (``Duratek'' or the ``Company'') (Nasdaq: DRTK - news) with securities fraud, the law firm Berman DeValerio & Pease LLP said.

Filed in the United States District Court for the District of Maryland, the case is captioned Michael J. Svezzese, Jr. v. Duratek, Inc., f/n/a GTS Duratek, Robert E. Prince, and Robert F. Shawver, Civil Action No. MJG 01- 1830. It seeks damages against the defendants for violations of sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of all investors who bought Duratek common stock between March 9, 2000 and March 13, 2001 (the ``Class Period''). Copies of the complaint may be obtained from the clerk of the United States District Court for the District of Maryland during regular business hours at 101 West Lombard Street, Baltimore, MD 21201, (410) 962-2600.

You can also review the complaint and learn more about becoming a lead plaintiff by contacting the counsel listed below or by visiting our Website at www.bermanesq.com.

Berman DeValerio & Pease, which has offices in Boston and San Francisco, has represented defrauded investors in class actions for nearly two decades. The complaint accuses Duratek and two of its top officers with inflating the Company's stock price by issuing false and misleading financial statements for 1999 and the first three quarters of 2000. On March 14, 2001, Duratek admitted that additional burial and transportation costs would adversely affect the Company's fourth quarter and fiscal year 2000 financial results as well as the financial results for the first quarter of 2001. Moreover, the Company announced that a review of Duratek's commercial waste processing operations had indicated ``potentially negative variances in certain waste processing accounts.'' On April 18, 2001, the Company further announced that it was restating its previously reported consolidated financial results for 1999 and the first three quarters of 2000 to reflect a reconciliation that had not been previously been performed.

If you purchased Duratek, Inc. common stock during the period March 9, 2000, through March 13, 2001, you may wish to contact the following attorneys at Berman DeValerio & Pease to discuss your rights and interests:

N. Nancy Ghabai, Esq.
Sara B. Davis, Esq.
Jeffrey C. Block, Esq.
Berman DeValerio & Pease
One Liberty Square
Boston, MA 02109
(800) 516-9926
bdplaw@bermanesq.com

You may also visit us at our website at www.bermanesq.com.

Plaintiffs do not believe that there are any conflicts that would prevent them from representing the entire Class. If you wish to apply to be lead plaintiff in this action, a motion must be filed on your behalf with the court no later than August 21, 2001. You may contact the attorneys at Berman DeValerio & Pease to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action. To be a member of the class, however, you need not take any action at this time and you may retain counsel of your own choice.

With offices in Boston and San Francisco, Berman DeValerio & Pease LLP has prosecuted shareholder class actions since 1982, recovering more than $1 billion for investors. The firm has acted as lead counsel in numerous lawsuits involving violations of federal securities laws. It has successfully litigated these actions, and has been singled out for its excellence by many courts. The firm prides itself on its responsiveness to shareholders and their needs in each case.

SOURCE: Berman, DeValerio & Pease LLP
biz.yahoo.com

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To: long-gone who wrote (47)6/29/2001 8:17:56 PM
From: Vinnie
   of 49
 
more lawyers getting rich at the expense of us small holders

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To: milt who wrote (45)7/4/2001 5:52:03 PM
From: Traveling Man
   of 49
 
Milt,

It could be because they give new employees 100 shares whenever they take over a new company. I know because they took over my old employer(Waste Management Nuclear Services) and gave me 100 shares recently.

TM

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