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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: paul who wrote (10675)	5/3/1998 9:27:00 PM
From: bob zagorin	Respond to of 14631

Informix shocks analysts, turns first-quarter profit By Larry Barrett, ZD Inter@ctive Investor April 30, 1998 6:41pm Inter@ctive Week Online Informix Corp. (IFMX) on Thursday soundly beat Street estimates in its first quarter, reporting a profit of $4.9 million, or $0.03 per share, on sales of $167.2 million. First Call consensus expected the database software developer to lose $0.03 per share in the quarter. Informix shares trimmed $0.19 per share to $9.88 on volume of 6.9 million shares. "The first quarter was a period of solid progress for Informix in a number of areas," said chief executive Bob Finocchio in a prepared release. "Although I am pleased with our progress, there is certainly more work to do in building the new Informix." The $167.2 million in sales represents a 12 percent improvement from the $149 million reported in the year-ago quarter when Informix lost $144 million, or $0.68 per share. Analysts expect the company to be profitable for the rest of the year, earning a penny per share in the second and third quarters and $0.07 per share in the fourth quarter. However, 12 or the 15 institutional brokerage firms following the stock maintain either a "hold" or "sell" recommendation. Informix recently made several significant product announcements including the broadening of its data warehousing solutions with a new version of the Advanced Decision Support Option(tm) and MetaCube(tm) ROLAP Option 4.0. Last quarter, Informix surprised analysts by posting a profit of $0.05 per share when First Call consensus was expecting a loss of $0.16 per share in the quarter.