Yes, the entire gain is gone.
The following the news release I got from The Red Chip Review.
John
SEATTLE--(BUSINESS WIRE)--April 2,
1998--Active Voice Corporation (Nasdaq:ACVC), a
leader in PC-based voice processing systems and
Computer-Telephony Integration (CTI) solutions,
today reported that as a result of a
longer-than-anticipated product transition it expects
to report a revenue decrease for the quarter ended
March 31, 1998 of approximately 4% compared to
the March 31, 1997 quarter resulting in a loss in the
range of $0.29 to $0.31, per share.
''On February 4, we announced the revamp of our
line of voice processing systems which merged
Replay and Replay Plus into our flagship, Repartee,''
stated Robert Richmond, Active Voice's chief
executive officer. ''It's a major transition, we are
migrating over half of our dealer revenue to two new
products. Repartee VP is designed for smaller
organizations. Repartee CTI is for businesses that
need more capacity or are ready to add our
TeLANophy suite of unified messaging and desktop
call management modules. Our customers became
aware of the new version last fall and we were a
quarter late in the delivery. The uncertainty extended
the selling cycle.''
''We expect flat revenue for the next couple of
quarters because on March 3 we announced our new
NT product, Unity, currently scheduled for summer
availability,'' added Richmond. ''We have developed
our NT and BackOffice-based communications
server from the ground up to take full advantage of
the powerful features Microsoft offers in these areas.
The product is focused toward Fortune 1000
businesses and interest from them has reinforced our
belief in our continued investment,'' Richmond
added. |
