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Technology Stocks : PERI (Periphonics) -- Ignore unavailable to you. Want to Upgrade?

To: John F Beule who wrote (1630)	7/6/1999 10:36:00 AM
From: Scrapps	Read Replies (1) \| Respond to of 1682

Periphonics Receives Orders Totaling $2.7 Million From A Leading U.S. Financial Services Firm --VPS/is Systems Will Expand Large Vocabulary Recognition Applications For Firm's Brokerage Customers-- BOHEMIA, New York--(BUSINESS WIRE)--July 6, 1999-- Periphonics Corporation (Nasdaq:PERI - news), a leading worldwide provider of products and services for call processing solutions used in Computer Telephony Integration and Telecom Enhanced Network Services, today announced that it has received orders totaling approximately $2.7 million for its VPS/is Platform systems from a leading U.S. financial services firm. The systems will be deployed in several U.S. cities to expand existing capacity for the firm's large vocabulary recognition (LVR) applications used by its brokerage customers. Based on the terms of the order, Periphonics expects to ship and recognize the majority of the revenue from the order during the second quarter of its current fiscal year 2000. Peter Cohen, Periphonics President and CEO, said, ``One month into our current fiscal year 2000 first quarter we have announced six `large-size' orders (orders exceeding $1 million) for a total of approximately $14 million. The majority of the revenue from these orders will be recognized in our first and second quarters. This, combined with the backlog from our record setting prior quarter, enhances the excellent visibility for revenue growth in the first quarter and further improves visibility for revenue growth in the second quarter as well.' Periphonics Corporation is a global leader in the development, marketing and support of products and professional services for Computer Telephony Integration (CTI) and Telecom Enhanced Network Services. The Company's products and services utilize such technologies as interactive voice response (IVR), advanced speech processing with large vocabulary recognition, natural language processing and text-to-speech, as well as interactive processing via Web browsers, messaging, and fax. Periphonics also provides comprehensive professional services including project management, software application development, call center integration and script and grammar development. The Company's products and professional services help its customers enhance their customer service offerings, increase caller satisfaction, reduce operating costs and often create new revenue opportunities by automating call and transaction processing. Periphonics is an ISO 9001/TickIT registered company with systems installed in more than 50 countries. For further information, visit our site on the World Wide Web at www.peri.com. Special Note Regarding Forward-Looking Statements: A number of statements contained in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the applicable statements. These risks and uncertainties include, but are not limited to: long sales cycles that affect timing of orders from and shipments to customers, delays in the development and customer acceptance of custom software applications, delays in orders due to customers' internal Y2K issues; the timing and market acceptance of new product introductions and changes in economic conditions in domestic and international markets, risks in new product and technology development, delays in delivery of orders due to fluctuations in inventory, and changes in general economic conditions in the domestic and international markets in which the company operates. For a more detailed description of these and other risk factors, please refer to the Company's Securities and Exchange Commission filings including the Company's Forms 10-Q and Form 10-K and Annual Report. biz.yahoo.com