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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (635)	10/31/1997 10:43:00 AM
From: Link Lady	Read Replies (1) \| Respond to of 4231

The following is a story copied from Oct.23/97 article from Globe & Mail SoftQuad forsees loss in quarter But software maker predicts better results than some had expected By patrick Brethour Softquad International Inc. says it will likely post a loss of $900,000 in its third quarter, a slightly better performance than some observers had expected. The Toronto-based software maker said late Wednesdat that amortization and restructuring costs will deepen the loss for the quarter ended Sept. 30 when it reports its final results in the first week of November. Revenue will be around $6.8 million, the company said Softquad stock fell 55 cent to $2.85 yesterday on the Toronto Stock Exchange, receding from a 4 day upward spike in its price. Many companies, especially those in the technology sector, give out preliminary results when profit or sales are down unexpectedly. But chairman Dave Gurney said the company was elaborating on information given to shareholders at the company's annual meeting this month. Mark Pavan, a software analyst with Yorkton Securities Inc. in toronto, said the preliminary profit number is better than the $1 million he was predicting that the company would lose. Mr. Pavan said Softquad had turned in "great results," considering its troubles this year. The company posted a loss in the first halfof $11.4million on revenue just under $11.4million, laid off half its staff and installed new management. Mr. Paven said the company is now in a position to break even in its fourth quarter because of cost cutting efforts and the expansion of its product line through the aquisition of Alpha Software Corp. "Its a pretty stunning turnaround, given the massive meltdown they had." Thought you'd be interested in this article.