Dialogic ready to soar, funds buying Message Board

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Technology Stocks : Dialogic ready to soar, funds buying

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To: GM who wrote (650)	4/13/1999 8:20:00 AM
From: jas cooper	Read Replies (1) of 674

DAMN! PARSIPPANY, N.J., April 12 (Reuters) - Software maker Dialogic Corp. on Monday said it expects first quarter revenues and earnings to fall short of analysts' expectations due to special rules relating to software revenue recognition. The company, which makes components for computer-based telecommunications, said the revenue issues deal with its recent agreement to merge phone and fax functions into computers with Microsoft Corp. <MSFT.O> In accordance with the special rules applicable to software revenue recognition, it will be unable to recognize as revenue within the first quarter any portion of the $5 million in licensing payments it has already received. As a result, the company expects first quarter revenues of about $72 million and earnings of about $0.29 to $0.30 a share. Analysts polled by First Call expect the firm to earn $0.37 a share. Although the payments will not be reflected in current revenues and earnings, they will appear on the balance sheet as deferred revenues and will increase net income in future periods, the company said.

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