Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (3226)	7/26/1999 4:39:00 PM
From: leigh aulper	Read Replies (1) \| Respond to of 5102

Inprise Announces Second Quarter 1999 Results SCOTTS VALLEY, Calif., July 26 /PRNewswire/ -- Inprise Corporation (Nasdaq: INPR) today announced financial results for the second quarter, which ended June 30, 1999. For the second quarter of 1999, Inprise Corporation reported net revenue of $40.2 million, excluding a one-time license fee from Microsoft Corporation of $100 million. Revenues for the same period a year ago were $46.5 million. Fully diluted earnings per share were $1.47 for the second quarter of 1999 compared with $0.03 for the same quarter last year. Excluding the one time license fee, the Company reported a pre-tax loss from operations of ($10.5) million for the second quarter of 1999, compared with a pre-tax operating income of $909 thousand in the second quarter a year ago. Loss per share for the second quarter of 1999 on a pre-tax operating basis, excluding the one-time license fee, was ($0.19), compared with fully diluted pre-tax operating income per share of $0.02 in the same quarter last year. Cash, cash equivalents and short-term investments as of June 30, 1999 were $178.9 million, compared with $81.8 million in the year-ago quarter. "While revenues were disappointing in the second quarter of 1999, we are proud of our accomplishments in the quarter, most notably sales of JBuilder, our rapid application development tool for creating Java, business, database and distributed applications," said Dale Fuller, interim CEO and president. "With the release of JBuilder 3 in the second quarter of 1999, our sales of this product increased over 40 percent compared with a year ago, when we released JBuilder 2." Other accomplishments in the second quarter of 1999 included: * A long-term alliance with Microsoft in which both companies will cross-license patented technologies; * Sun Microsystem's selection of Inprise's VisiBroker middleware as its ORB of choice for its Solstice Enterprise Manager software; * Several key telecommunications design wins including: Telcordia, Telenordia, and Deutsche Telekom; * Release of JdataStore, a 100% Pure Java object/relational database management system * A $3 million reduction in operating expense quarter on quarter excluding the restructuring expenses in first quarter of this year.