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Technology Stocks : NCDI - Network Computing Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim Henke who wrote (4405)	1/6/2000 11:05:00 AM
From: J L Segal	Read Replies (1) \| Respond to of 4453

Sounds like NCDI (like GTW & IBM) had a Y2K related hardware sales slowdown. This could be a good buying opportunity, for longer term investors, if the stock reopens much lower on today's news: (COMTEX) B: NCD to Report Net Loss for 1999's 4th Quarter B: NCD to Report Net Loss for 1999's 4th Quarter MOUNTAIN VIEW, Calif., Jan 6, 2000 (BUSINESS WIRE) -- Network Computing Devices, Inc. (Nasdaq: NCDI) said today that revenues for the fourth quarter were lower than expectations, and that the company will post a net loss in excess of $2 million for the quarter. In making the announcement this morning, Rudolph G. Morin, president and chief executive officer, expressed disappointment about NCD's performance. "While the quarter included modest sales growth of NCD ThinSTAR Windows-based terminals and the innovative NCD ThinPATH software we introduced and began shipping during 1999, we had unexpectedly weak sales of our branded network computers and were unable to offset the anticipated near-elimination of shipments of OEM hardware," he said. Mr. Morin estimated that fourth quarter revenues would be down about 15% from the third quarter ended September 30, 1999. For that period, NCD posted revenues of $29.3 million and a net loss of $7.4 million, including a $6.9 million write off for the value of the company's tax loss carryforwards that were shown on its balance sheet. In 1998's fourth quarter, NCD reported revenues of $26.2 million and a net loss of $5.6 million. Mr. Morin, who became NCD's CEO last fall, said: "We began the fourth quarter with good momentum and an optimistic outlook. But the results did not materialize as the quarter ended. We are especially displeased that the quarter's results - including some Y2K-related market uncertainty - masked the progress we made last year and continue to make as we begin 2000." "Looking ahead," Mr. Morin said, "we will report our audited 1999 year-end results in mid-February. At that time, we will also report on the progress we are making to transform NCD into a leadership company serving growing markets for software to manage multi-user enterprise applications, easy access terminals for corporate intranets and advanced solutions serving application service providers." About NCD: Founded in 1988, Network Computing Devices, Inc., supplies information access products that extend server-based computing to give customers a competitive edge and a better bottom line. Over 1 million NCD thin clients are installed with over 3 billion hours of operation. The company can be reached on the Internet at: www.ncd.com This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include, but are not limited to, statements regarding NCD's product offerings, market position and customer base, and growth in demand for thin client and other products. No assurances can be given that the proposed acquisitions will be completed or as to its effect on NCD's business, results of operations and financial condition. These statements involve risks and uncertainty, and actual results could differ materially from those discussed in the forward-looking statements. Although the Company believes its expectations reflected in such forward-looking statements are based on reasonable assumptions, no assurances can be given that such expectations will prove correct. Further information on factors that could cause actual results to differ from those anticipated is included in filings made by the Company from time to time with the Securities and Exchange Commission, including but not limited to, the Form 10-K for the year ended December 31, 1998 and the Form 10-Q for the quarter ended September 30, 1999. Copyright (C) 2000 Business Wire. All rights reserved. Distributed via COMTEX. -0- CONTACT: NCD Gregory S. Wood, CFO, 650/919-6257 or Phase Two Strategies Stuart Pearlman, 212/530-7540 WEB PAGE: businesswire.com GEOGRAPHY: CALIFORNIA INDUSTRY CODE: COMPUTERS/ELECTRONICS HARDWARE Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. * end of story *