To: Scott Volmar who wrote (8460 ) 1/7/2000 12:26:00 PM From: Greg Jung Read Replies (2) | Respond to of 9798
Scott, if you like the announcment then the appropriate stock strategy is graphon, not Corel. The product will work through any X-window. About GraphOn GraphOn develops and markets thin, server-based software to speed, centralize and simplify enterprise computing and enable efficient network deployment of applications to a wide variety of devices and platforms. GraphOn products will be unified under the Bridges name and include the components UNIXBridge and LinuxBridge, formerly the GlobalHost Universal X Server of GO-Global, first thin client X server for Windows PCs, GO-Joe, the first thin client X server for Java-enabled desktops (including web browsers), and GO-Between, the first thin client X server for multi-user NT (such as Microsoft Terminal Server and Citrix WinFrame). Also being added to Bridges is WinBridge, formerly codenamed jBridge, which enables deployment of 32-bit Windows applications over the Internet and is scheduled for general release late 1999. Fully functional demos of GraphOn's products are available from the Company's web site at graphon.com . GraphOn is headquartered in Campbell, California and has offices in Seattle, Washington, Concord, New Hampshire, and Reading, UK. Investors can obtain financial and corporate information at www.sec.gov. CAMPBELL, CA - November 8, 1999 - GraphOn Corporation (www.graphon.com) (Nasdaq: GOJO) today reported revenue of $1.1 million for its third fiscal quarter ended September 30, 1999, as compared to $336,000 recorded in the third quarter of fiscal 1998, an increase of 228%. The increase is due to a rise in OEM license revenue. Net loss was $1.6 million in the 1999 quarter as compared to $976,000 in the prior year. Loss per common share on a basic and diluted basis was $0.15 per share, compared with a loss of $0.26 per share in the year-earlier period. For the first nine months of fiscal 1999, GraphOn's revenue increased 63% year-over-year to $2.4 million due to increased demand for OEM license sales. Net loss was $5.6 million or $0.59 per share as compared to a loss of $1.4 million or $0.39 per share the year before. Included in the 1999 nine months results is amortization and depreciation charges ($2.4 million non-cash charges) and research and development costs aggregating approximately $3.1 million relating to the jBridge acquisition from Corel. GraphOn's balance sheet at the end of the third fiscal quarter reported cash, cash equivalents and available for sale securities of $3.8 million, compared with $1.8 million at the December 1998 fiscal year-end.