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Technology Stocks : MetaCreations (MCRE) - Detailed Goo in a Soapy Dream -- Ignore unavailable to you. Want to Upgrade?

To: Patrice Gigahurtz who wrote (468)	1/6/1998 5:19:00 PM
From: TokyoMex	Read Replies (1) \| Respond to of 846

Now we know why !!! Subj: MetaCreations Announces Preliminary Fourth-Quarter Results Date: 98-01-06 17:16:10 EST From: AOL News BCC: TokyoMexx MetaCreations Announces Preliminary Fourth-Quarter Results CARPINTERIA, Calif.--(BUSINESS WIRE)--Jan. 6, 1998--MetaCreations Corp. (Nasdaq:MCRE) Tuesday announced that it expects to report earnings per share of $0.01 to $0.04 for the fourth quarter ended Dec. 31, 1997, compared with $0.07 per share for the fourth quarter of 1996, excluding acquisition costs in that quarter. MetaCreations also expects to report net revenues of approximately $16 million to $17 million for the fourth quarter ended Dec. 31, 1997, compared with net revenues of $15.9 million for the fourth quarter of 1996. MetaCreations noted that net revenues for the fourth quarter, which were lower than expected by industry analysts, were adversely affected by significantly lower OEM and licensing sales than anticipated. The company also noted that retail demand for its professional 2-D and home photo digital imaging products was not as strong as anticipated, particularly during the last half of the fourth quarter during the holiday buying season. The company's professional 3-D products showed strong growth in the fourth quarter of 1997 over the fourth quarter of 1996. Overall domestic revenues were up significantly in the fourth quarter of 1997 over the fourth quarter of 1996, while international revenues declined in the fourth quarter of 1997 compared with the fourth quarter of 1996, due substantially to lower international OEM and licensing revenues in the fourth quarter of 1997. These statements regarding estimated results are preliminary and based on partial information and management assumptions. The company expects to announce its actual results for the year and fourth quarter of 1997 on Jan. 29, 1998. MetaCreations, the visual computing software company, designs, develops, publishes, markets and supports software tools and enabling technologies for creating, editing and manipulating computer graphic images, digital art and Internet/online content on the desktop for both professionals and consumers. Working with distributors in North America, Europe and Asia, MetaCreations' professional and consumer software is available in more than 50 countries. The company's headquarters is located in Santa Barbara County at 6303 Carpinteria Ave., Carpinteria, Calif. 93013; telephone 805/566-6200; fax 805/566-6365. The company also has significant operations in Scotts Valley, Calif., and Princeton, N.J. MetaCreations' International Operations Center is located at Wilson House, Fenian Street, Dublin 2, Ireland. Tel: 353-1-662-9333; metacreations.com . -0- The information in this release regarding expected revenues and earnings per share is forward-looking and preliminary. Actual final results for the quarter could differ, depending on a number of factors, including accounting adjustments made during the course of closing the year. For a more detailed discussion of factors that affect the company's operating results, interested parties should review the company's SEC reports, including the MetaTools Inc. Annual Report on Form 10-K for the year ended Dec. 31, 1996, the MetaTools Inc., S-4 dated April 28, 1997, and Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and Sept. 30 of 1997. MetaCreations was formed as a result of the merger of MetaTools Inc. and Fractal Design Corp. in May 1997. --30--RPL/la* DB/la CONTACT: MetaCreations Corp., Carpinteria Terry Kinninger, 805/566-6200 or Financial Relations Board, Los Angeles Edward Stansfield, 310/442-0599 (general information) Moira Conlon, 310/442-0599 (analyst contact) To edit your profile, go to keyword NewsProfiles. For all of today's news, go to keyword News.