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To: David Wang who wrote (10667)	5/3/1998 2:20:00 AM
From: Peter Piper	Respond to of 14631

Another nice article in Computer Reseller Investor News Informix Shows Progress With First Quarter Profit (05/01/98; 5:48 p.m. ET) By Shawn Willett, Computer Reseller News Informix Software continued its slow but steady road to recovery, posting a profit, trouncing expectations, and recording a 12 percent revenue increase for its first fiscal quarter ended March 31. The database vendor's net income of $4. 9 million, or 3 cents per share, compares with a huge loss of $144.2 million, or 95 cents per share, for the same quarter last year. The profit also bested Wall Street analysts, who expected Informix to show a loss of 4 cents a share for the quarter, according to First Call. Revenue also rebounded, up 12 percent to $167.2 million, compared with $149.2 million in the year-ago quarter. "Although I am pleased with our progress, there is certainly more work to do in building the new Informix," said chairman Robert Finocchio in a prepared statement. This represents the Menlo Park, Calif.-based company's second consecutive quarter of profit, after three disastrous quarters of large losses, restatements, and revenue declines. In the fourth quarter, Informix surprised Wall Street by posting a profit of $9.2 million. Last year, Informix saw its market share fall dramatically, according to reports from market researcher Dataquest, in San Jose, Calif. It fell behind rival Sybase as the the No. 2 Unix database vendor and further behind Microsoft and Oracle in the Windows NT database market. However, analysts give credit to Finocchio for laying the groundwork for a rebound for the database vendor. Related Stories: