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Wednesday, October 18, 2006

Illumina, A 24/7 Wall St. Best Managed Co. Hammers The Ball

Illumina, one of the 24/7 Ten Best Managed Companies in America, shattered Wall St.'s forecasts today and the stock is up 15% to a a 52-week high above $43.

The company earned $16.2 million in Q3 compared to a loss of $1.4 million in the year ago period.

Revenue more than doubled to $53.5 million from $19.5 million in Q3 2005.

The company's market cap is now almost $2 billion.

Douglas A. McIntyre can be reached at He does not own securities in companies that he writes about.

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