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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Tech Master who wrote (10749)	4/5/1998 9:14:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 13949

VIAS news is out Year 2000 Wire/Viasoft Gives Further Guidance on Third Quarter Results BusinessWire, Sunday, April 05, 1998 at 20:48 PHOENIX--(BUSINESS WIRE)--April 5, 1998--Viasoft, Inc. (NASDAQ/NMS:VIAS) today announced preliminary results for the quarter ended March 31, 1998 based on information available to date. The Company estimates that total revenue will be in the range of $25.5 million to $26.5 million, consisting of the following components: license revenue between $14.0 and $14.5 million, services revenue between $4.6 million and $4.8 million and maintenance revenue between $6.9 million and $7.2 million. Earnings per share, excluding a write-off of purchased in-process research and development in connection with certain transactions discussed below, is estimated to be in the range of $0.12 to $0.14 per share. As previously reported, the Company will take a charge of approximately $10.5 million in the quarter ended March 31, 1998 in connection with the acquisition of EraSoft Technologies, Inc. and various technologies under development pursuant to licensing arrangements entered into during the third quarter. T Some of the highlights and issues noted in the preliminary financial information for the third quarter follow: -- Sales of OnMark 2000 products, the Company's new product line addressing year 2000 issues on the desktop, were a substantial component of domestic license revenue. Management was pleased with the acceptance of these new products in the marketplace and the value that penetration of the desktop market will make to the long term strategy of the Company. -- International revenue was lower than expected, particularly in the United Kingdom. -- Services revenue, estimated to be in the range of $4.6 million to $4.8 million for the quarter, will be up sequentially from second quarter results of $4.3 million. Service margins are estimated to be in the range of 11% to 13%. T These preliminary estimates are based on the information available to the Company at this time and are subject to revision once final financial statements are completed. The Company plans to announce its final third quarter results April 16, 1998. The statements made in this press release that are not historical facts contain forward-looking information that involves risks and uncertainties. Important factors that may cause actual results to differ include, but are not limited to, the impact of competitive products and services, risks associated with results and timing of technology development and commercialization, the Company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and business conditions including risks inherent in international operations and the ability to attract and retain technical personnel, risks associated with, as well as the Company's ability to manage, a consulting services business and other risks detailed from time to time in the Company's Securities and Exchange Commission filings. CONTACT: Viasoft, Inc. Mark R. Schonau (Chief Financial Officer), 602/952-0050 or Silverman Heller Associates Eugene G. Heller, 310/208-2550 KEYWORD: ARIZONA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED EARNINGS TRADESHOW Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com Copyright 1998, Business Wire