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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Anthony@Pacific who wrote (19502)3/11/1999 10:03:00 AM
From: Robert  Read Replies (2) of 122087
 
Any thoughts on shorting EFAX?

>
Three Months Ended Twelve Months Ended
December 31, December 31,
1998 1997 1998 1997
-------- -------- -------- --------
<S> <C> <C> <C> <C>
Revenues:
Product $ 5,293 $ 4,012 $ 23,385 $ 16,281
Development fees 483 428 1,779 2,246
Software & technology
license fees 1,288 1,256 5,069 4,493
-------- -------- -------- --------
Total revenues 7,064 5,696 30,233 23,020
Costs and expenses:
Cost of product revenues 3,691 3,146 16,005 11,886
Cost of software and license
revenues 110 207 710 770
Research and development 1,389 1,699 5,445 5,355
Selling and marketing 1,607 1,689 7,267 6,046
General and administrative 708 967 2,592 3,031
Crandell Acquisition Expense - - - 1,681
Documagix acquisition expense - 425 - 425
-------- -------- -------- --------
Total costs and expenses 7,505 8,133 32,019 29,194
-------- -------- -------- --------
Income (loss) from operations (441) (2,437) (1,786) (6,174)

Other income (expense), net 97 91 365 111
-------- -------- -------- --------
Income (loss) before income taxes (344) (2,346) (1,421) (6,063)

Provision for income taxes 21 18 80 96
-------- -------- -------- --------
Net income (loss) $ (365) $ (2,364) $ (1,501) $ (6,159)
======== ======== ======== ========
Net income (loss) per share:
Basic $ (0.03) $ (0.20) $ (0.13) $ (0.61)
======== ======== ======== ========
Diluted $ (0.03) $ (0.20) $ (0.13) $ (0.61)
======== ======== ======== ========
Shares used in computation:
Basic 11,834 11,649 11,784 10,170
Diluted 11,834 11,649 11,784 10,170

Robert...
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