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Technology Stocks : Visioneer (VSNR): Does anybody know what's going on? -- Ignore unavailable to you. Want to Upgrade?

To: BAF who wrote (1371)	4/23/1998 4:36:00 PM
From: Glen Abbey	Read Replies (3) \| Respond to of 1763

04/23 16:02 Visioneer Reports Sequential Profit for First Quarter 1998 Record Quarterly Revenues and Shipments FREMONT, Calif., April 23 /PRNewswire/ -- Visioneer, Inc. (Nasdaq: VSNR) today reported net revenue of $20.0 million and net income of $335,000 or $0.02 per share for its first fiscal quarter ended March 31, 1998. Net revenue for the quarter increased by $9.9 million over the year-earlier quarter, a 99% increase. Hardware shipments for the quarter totaled 149,000 units and software shipments, including PaperPort Deluxe(TM) and ProOCR100(TM), totaled over 68,000 units. "We remain focused on achieving consistent profitability," said J. Larry Smart, Visioneer's president and chief executive officer. "These results represent our third sequential quarter of growth in revenue, and software and hardware shipments. We continue to be very pleased by the market acceptance of our products."