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Technology Stocks : BORL: Time to BUY! -- Ignore unavailable to you. Want to Upgrade?

To: yihsuen who wrote (10052)	4/21/1998 5:07:00 PM
From: Bipin Prasad	Read Replies (1) \| Respond to of 10836

techweb.com Borland Earnings Improve As Silicon Graphics Struggles (04/21/98; 5:03 p.m. ET) By Larry Dignan, TechInvestor Borland International beat Wall Street estimates by a penny, but Silicon Graphics reported a hefty loss as both companies reported earnings Tuesday. The Scotts Valley, Calif., company reported first quarter operating earnings of $1.6 million, or 3 cents a share, compared with a loss in the same quarter a year ago. In the same quarter a year ago, Borland [BORL] reported a loss of $21.8 million, or 92 cents a share. Including acquisition and other charges, Borland reported a loss of $13.4 million, or 27 cents a share. The company took a restructuring and acquisiton charge of $19.3 million and a tax gain $3.8 million. Borland acquired Visigenic Software in the quarter. Borland reported first quarter sales of $46.5 million, compared with sales of $43.4 million a year ago, a gain of 7 percent. The sales include revenue from Visigenic. On a stand-alone basis, Borland reported sales of $37 million. Borland had $93.8 million in cash at the end of the quarter. "While external factors relating to the economic crisis in Japan resulted in a slowdown of our sales in that region, we were able to closely manage our expenses and meet our bottom-line objectives," said Del Yocam, Borland's chairman and CEO. Silicon Graphics [SGI] did not have as much luck with its bottom line. The Mountain View, Calif., company reported a third quarter operating loss of $68 million, or 36 cents a share, on revenue of $708 million, down 22 percent from a year ago. Including restructuring charges, Silicon Graphics reported a loss of $153 million, or 81 cents a share. The results were in line with Wall Street estimates. Silicon Graphics took a third quarter charge of $114 million for restructuring. In the third quarter a year ago, the company reported a profit of $11 million, or 6 cents a share. "We are aggressively focused on executing the strategic plan we outlined," said Richard Belluzzo, CEO. "We're taking the steps that will enable Silicon Graphics to return to long-term growth and profitability."