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Technology Stocks : Netscape -- Giant Killer or Flash in the Pan? -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (2770)	4/16/1998 6:03:00 PM
From: Jeff Jordan	Read Replies (2) \| Respond to of 4903

This may have somethin to do with the rise! Thursday April 16, 4:01 pm Eastern Time Company Press Release Wall Data Reports First Quarter Results Cyberprise Products Delivered to Customers in Key Industry Segments KIRKLAND, Washington--(BUSINESS WIRE)--April 16, 1998--Wall Data Incorporated (NASDAQ:WALL - news) today reported results for the first quarter ended March 31, 1998. Net revenues for the first quarter were $31.9 million. In the prior year first quarter, net revenues were $37.0 million, and included a single sale to an existing end-user customer that contributed more than $8 million in revenue. Net income during the period was $0.6 million, or $0.06 per share, compared with $3.5 million, or $0.35 per share, during the first quarter of 1997. Cash and cash equivalents at the close of the first quarter totaled $61.0 million, down from $70.8 million at the close of the fourth quarter, as a result of the $11.0 million cash acquisition of First Service during the period. ''While remaining profitable, we continued to build momentum for our Cyberprise(TM) strategy with the release of the Cyberprise Server, Cyberprise Host, Cyberprise Data and Cyberprise Tools product categories,'' said John Wall, Wall Data's Chief Executive Officer. ''In our 15 years of delivering enterprise products, we have built a strong reputation for delivering mission-critical solutions to global companies in a wide range of industries. We are pleased that customers in three of these key industry segments - banking, insurance and healthcare - selected Cyberprise products to Web-power their enterprises.'' In January 1998, the company announced its Cyberprise strategy: to enable companies to move existing mission-critical systems and public information to the Web platform and extend those systems to remote users, vendors and customers. The first of the Cyberprise products supporting this strategy were released during the first quarter, and several additional products are currently in beta and will be announced during the next few months. The Cyberprise Web server platform received support from Microsoft, Hewlett-Packard, NEC, Netscape, Novell, Health+Cast and Polaris Communications, Inc. These companies have announced support for enabling our shared customers to realize new and powerful Internet-driven business opportunities. Recognition to date has also included an Editor's Choice award from the Visual Basic Programmers Journal, as well as positive feedback from our customers and industry analysts. In March 1998, Wall Data announced the acquisition of First Service, a German distribution company and long-time partner of Wall Data. Germany represents the largest IT market in Europe, and First Service brings an experienced, motivated team that will provide the foundation for the company's sales and service operations in this important geography. ''This quarter we have taken important first steps in our transition from a connectivity company to an Internet company. I am also pleased to have strengthened our senior management team with the promotion of Barry Horn to the position of Vice President of Worldwide Sales, and the addition of Jim Robb as Vice President of North American Sales and Rick Fox as Chief Financial Officer. I believe these seasoned executives will each contribute significantly to the company,'' concluded John Wall. Wall Data - The Power of the Cyberprise(TM) - is the enterprise software company with a 15-year history of extending corporate computing systems to users on new platforms and providing outstanding business solutions to customers worldwide. Cyberprise Products transform mission-critical computing systems into the foundation that delivers the benefits of the Internet to the enterprise. This allows companies to realize untapped business opportunities and increase profitability. Central to this strategy are Cyberprise Server Products, a Web application server platform that delivers corporate information and applications, and public content to business users through any browser. These applications and information are deployed with industry-leading technologies from manufacturers such as IBM (NYSE:IBM - news), Hewlett- Packard (NYSE:HWP - news), Sun Microsystems (Nasdaq:SUNW - news), Informix Software (Nasdaq:IFMX - news), Sybase (Nasdaq:SYBS - news), Oracle (Nasdaq:ORCL - news) and DataChannel. Wall Data's products work with Microsoft (Nasdaq:MSFT - news) and Netscape (Nasdaq:NSCP - news) Web servers to deliver The Power of the Cyberprise.