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To: Monsieur Bouledogue who wrote (85629)7/21/1999 9:53:00 AM
From: MikeUSA  Respond to of 119973
 
Madge Networks teaming up with CMGI's hot Engage as its leading customer --> IPO up $26 yesterday! MADGF going up huge today!

Tuesday July 20, 4:31 pm Eastern Time

Company Press Release

Madge Networks N.V. Announces Revenue Growth in Second Quarter 1999 Results

AMSTERDAM, Netherlands--(BUSINESS WIRE)--July 20, 1999--Madge Networks N.V. (NASDAQ NM: MADGF - news), a global network solutions provider, today announced results for its second fiscal quarter 1999.(1)

For the second quarter Madge reported revenues of $9 million from its Managed Network Services division. The Enterprise Network Products division, which includes Token Ring and video networking products, achieved reported revenues of $44 million. Madge continued working with its product distribution partners during the second quarter to improve supply chain efficiency, and reduced channel inventories by an estimated $4.5 million.

*** Also noteworthy during the quarter was Madge's formal entry into the burgeoning Application Service Provider (ASP) market through the announcement of its working relationship with Engage Technologies engage.com to deliver a new generation of profile driven Internet marketing solutions in Europe. In a revenue share arrangement, Engage's online advertising management solutions are backed up by Madge's mission critical Complex Web Hosting Service for delivery of highly targeted and scalable web advertising services to European blue chip organizations and new media marketing companies.

madge.com