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Technology Stocks : Systemsoft Inc. (SYSF) -- Ignore unavailable to you. Want to Upgrade?

To: J L Segal who wrote (3183)	3/13/1998 7:59:00 AM
From: Winter	Respond to of 3529

Big CyberMedia news: CyberMedia Inc., developer of the First Aid and UnInstaller products, announced this afternoon it will restate results for the quarter ended Dec. 31, 1997 and seek a replacement for Unni Warrier, who has resigned as president and CEO. The Santa Monica, Calif., company also said it expects to report revenues between $5 million and $8 million for the quarter ending March 31, compared with $16.5 million for the comparable period in 1997. CyberMedia officials said they expect results from the December quarter to show an increase in return reserves of $6 million to $8 million. "We are working with our major distributors to adjust channel inventory levels as they deem appropriate,'' said Kanwal Rekhi, CyberMedia's chairman of the board in a statement. The board today announced the appointment of Rekhi as acting president. The search for a permanent CEO is expected to take "a matter of weeks," officials said. Warrier's resignation is effective immediately.