Informix Corporation Confirms Fourth Quarter Outlook
WESTBORO, MA--(BUSINESS WIRE)--November 30, 2000--Informix Corporation (Nasdaq: IFMX) today confirmed that its outlook for the fourth quarter ending December 31, 2000, remains consistent with the guidance given in its third quarter earnings press release and conference call of October 24, 2000.
Specifically, the Company expects to report sequential revenue growth from the third quarter 2000 level of $211.1 million, and a return to profitability, before previously announced charges, as well. The Company further expects sequential revenue and profitability growth to continue throughout 2001.
In response to inquiries from investors and shareholders, the Company's Board of Directors and Senior Management stated that they believe that the Company's stock is currently undervalued and continue to consider the advisability of an additional repurchase of shares of the Company's common stock. However, the Company is presently precluded from doing so by its long-standing internal policy not to repurchase stock during the period beginning with the last month of the quarter and ending forty-eight hours after its public announcement of financial results for the quarter.
About Informix Software
Informix Software, an independent operating business of Informix Corporation (NASDAQ:IFMX), develops and markets database management systems optimized for data warehousing, transaction processing, and e-Business environments. Informix Software is developing a broad network of partner and ISV relationships to expand the portfolio of applications available on its database product line for a range of markets including wireless, e-commerce, and CRM.
About Informix Business Solutions
Informix Business Solutions, an independent operating business of Informix Corporation (NASDAQ: IFMX), develops and markets a suite of next generation software solutions and infrastructure for e-Business that integrate content, e-Commerce, and business intelligence. Informix Corporation intends to rename Informix Business Solutions by year-end. For more information, contact the nearest sales office or see related press release "Informix Establishes Two Independent Operating Companies," Sept. 19, 2000, at Informix' Web site, informix.com.
Safe Harbor Statement
This public announcement contains forward-looking statements that are subject to numerous risks and uncertainties. These forward-looking statements include, without limitation, those as to:
-- The Company's ability to separate its operations into two
independent operating companies, hire and retain qualified
personnel for both companies, and realize the anticipated
profitability and resulting stockholder value of the two
independent operating companies
-- The extent to which there will be continued strength in Business
Intelligence license sales in the future
-- The extent to which the creation of two separate operating
companies will enable the Company to properly size and align its
resources to maximize both companies' opportunities for revenue
and market share growth
-- The extent to which there will be continued strength in the
markets for the Company's high-performance database products and
e-Business solutions
-- The Company's ability to achieve sequentially improved results
from the third quarter levels
-- The extent to which the Company's sales force will continue to
mature and be able to improve productivity
-- The Company's ability to develop and introduce new products that
are accepted by the market
-- The Company's ability to enhance relations with its strategic
partners
-- The Company's ability to realize revenue growth as the result of
improved productivity by a more focused and maturing sales force,
new product introductions, and enhanced relations with its
strategic partners
-- The Company's ability to reduce operating expenses to increase
profitability
-- The Company's ability to achieve profitability, before previously
announced charges, in the fourth quarter of fiscal year 2000 and
continue sequential revenue growth and profitability throughout
fiscal year 2001
-- The Company's ability to achieve improved future results by
communicating its business plans and strategies
Risks and uncertainties could cause actual results and events to differ materially from historical, anticipated or desired results and events. Investors and potential investors carefully should review the description of the risks and uncertainties, which, together with other detailed information about Informix Corporation, is contained in the periodic reports that the Company files from time to time with the Securities and Exchange Commission.
CONTACT:
Press Contact:
Paul Collins
Informix Corporation
(508) 366-3888
paul.collins@informix.com
or
Investor Contact:
Gordon McCoun
Stephanie Prince
Morgen-Walke Associates, Inc.
(212) 850-5600
Gmccoun@morgenwalke.com
Sprince@morgenwalke.com
KEYWORD: MASSACHUSETTS
BW2092 NOV 30,2000
4:44 PACIFIC
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