Active Voice Corporation Announces Expected Fourth Quarter Fiscal Year 2000 Results
PR Newswire - March 16, 2000 17:41
SEATTLE, March 16 /PRNewswire/ -- Active Voice Corporation (Nasdaq: ACVC), a global provider of unified messaging and computer telephony software solutions, today announced that because of decreased concern over the Y2K issue, it is experiencing lower-than-anticipated revenue during the quarter and expects to report a loss of approximately $0.50 to $0.70 per share.
"We anticipated declining Y2K upgrade and replacement revenue but not to the extent we have seen in the current quarter. In addition, the high volume of Y2K replacement activity at the end of last year distracted sales people in all of our channels, lowering the number of brand new orders entering the sales cycle," said Frank J. Costa, Active Voice's president and chief executive officer. "Unity revenue continues to increase in the strategic partner channel and we have made very good progress with our Unity pilot program directly with Fortune 500 companies. We continue to see signs of growing demand for unified messaging and our leading edge product Unity is extremely well positioned in this converging world of voice and data. We believe the shortfall this quarter is a delay in revenue growth and not a change in the fundamentals of our business. We will continue to hold the line on expenses," added Costa.
About Active Voice
Founded in 1983, the Seattle-based Active Voice has offices in Australia, Canada, China, France, Sweden, The Netherlands, and the United Kingdom. With more than 90,000 systems installed in virtually every kind of business in over 60 countries, Active Voice develops technology that helps businesses communicate better. Active Voice solutions are sold through a global network of independent telecommunications dealers, telephone equipment manufacturers, and computer resellers. More information about Active Voice and its products is available at the company's Web site, www.activevoice.com.
NOTE: Brand and product names in this document are trademarks of their respective owners.
Certain statements in this press release (for example, statements using the expressions, "the Company believes" or "the Company anticipates" and other similar statements) contain "forward looking" information (as defined in the Private Securities Litigation Reform Act of 1995) involving risks and uncertainties, including without limitation, projections for sales and expenditures, trend projections and development schedules. Actual future results and trends may differ materially depending on a variety of factors, including, but not limited to, the risks discussed in documents filed by the Company with the Securities and Exchange Commission. Investors are encouraged to consider the risks detailed in those filings. The Company assumes no obligation to release publicly any changes to these "forward looking statements" that may arise from the development of unanticipated events or circumstances that occur after the date of the original forward looking statements.
CONTACT: Jose S. David, Financial Investor Relations, 206-441-4700, ext. 1105, or jdavid@activevoice.com, or Amy Thomas, Investor Relations Coordinator, 206-441-4700, ext. 1197, or ir@activevoice.com, or Monica Drake, Public Relations, 206-441-4700, ext. 1154, or pr@activevoice.com, all of Active Voice Corporation.
SOURCE Active Voice Corporation
/CONTACT: Jose S. David, Financial Investor Relations, 206-441-4700,
ext. 1105, or jdavid@activevoice.com, or Amy Thomas, Investor Relations
Coordinator, 206-441-4700, ext. 1197, or ir@activevoice.com, or Monica Drake,
Public Relations, 206-441-4700, ext. 1154, or pr@activevoice.com, all of
Active Voice Corporation/
/Web site: activevoice.com
Well, I plan to exit tomorrow. Will be ugly with a capital U.
Jack |
