Industri-Matematik Intl (IMIC) Message Board

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Technology Stocks : Industri-Matematik Intl (IMIC)

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To: Greg h2o who wrote (308)	1/6/2000 1:59:00 PM
From: bob zagorin	Read Replies (1) of 349

IMIC is moving strongly over last few minutes. any guesses. i think it's spillover from PSFT preannouncing big % licensing gains for this Q. PeopleSoft Announces Preliminary Fourth Quarter Results; Licensing Activity Shows Strong Sequential Growth PLEASANTON, Calif.--(BUSINESS WIRE)--Jan. 6, 2000--PeopleSoft, Inc. today announced preliminary results for the quarter ended December 31, 1999, which include the results of The Vantive Corporation. PeopleSoft completed its acquisition of Vantive on December 31, 1999 and anticipates that the merger will be accounted for as a pooling of interests. License revenues for the fourth quarter of 1999 are expected to increase sharply over the third quarter of 1999 both for PeopleSoft enterprise business software and for Vantive customer relationship management (CRM) software. Specifically, PeopleSoft expects to report that fourth quarter license revenues for the combined company will increase 35% to 40% over the combined license revenues of the previous quarter. Fourth quarter license revenues for the enterprise software business are expected to grow 30% to 35% from the previous quarter. Fourth quarter license revenues for the CRM business are expected to grow 50% to 60% from the previous quarter. PeopleSoft also expects that a reduction in combined service revenues of up to 5% in the fourth quarter compared to the previous quarter, primarily due to lower licensing activity in prior quarters, will largely offset the increase in licensing revenues. As a result, PeopleSoft estimates that the combined earnings per share from recurring operations will be in the range of approximately $.02 to $.04 per share in the fourth quarter. In addition, the fourth quarter of 1999 will include charges in connection with the merger in the range of $50 million to $70 million, and other income will include gains from the sale of equity investments in the range of $45 million to $50 million.

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