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To: Robert Graham who wrote (10859)	5/20/1998 8:53:00 PM
From: PJM001	Read Replies (3) \| Respond to of 14631

Informix Restates First Quarter Fiscal 1998 Results MENLO PARK, Calif.--(BUSINESS WIRE)--May 20, 1998--Informix Corporation (NASDAQ:IFMX - news) today announced that is has restated its financial results for the first quarter ended March 31, 1998. Restated revenues for the first quarter were $161.0 million, up 7.9% from revenues of $149.2 million in the first quarter of fiscal year 1997. The Company reported net income of $1.811 million, or net income of $0.01 per share, compared to a net loss of $144.2 million, or a net loss of $0.95 per share in the first quarter of fiscal year 1997. After attribution of income to a preferred stock dividend and value assigned to warrants, the Company reported a net loss of $0.4 million, or $0.00 per share. For the first quarter of fiscal year 1998, the Company had recognized revenue from software license agreements with industrial manufacturers in the same manner as revenue resulting from agreements with end users. Ernst & Young LLP, the Company's former independent accountants, recently concluded that industrial manufacturers should be treated as resellers, and not as end users, for purposes of the Company's revenue recognition policy. The Company believes that it is in the best interests of its shareholders to resolve any possible questions about the conservatism of its revenue recognition policy, to preclude any concern about the propriety of its financial statements going forward, and to allow management to continue to devote its energy to developing the business of the Company. The Company decided to restate its first quarter financial results immediately after its former independent accountants communicated their conclusion. As a result, revenue for the first quarter was reduced by approximately $6.2 million, which the Company estimates will be recognized over approximately a two-year period. The Company estimates that revenue from that class of transactions represented approximately 3% of total revenue recorded in fiscal years 1995, 1996 and 1997. About Informix Informix Corporation, the world's database technology leader, based in Menlo Park, California, provides innovative database products that assist the world's major corporations to attain competitive advantage. Informix is widely recognized as the technology leader for corporate computing environments ranging from small workgroups to very large parallel processing applications. Informix's database servers, application development tools, superior customer service, and strong partnerships enable the company to be at the forefront of major information technology solution areas including data warehousing, online transaction processing (OLTP), and Web/content management. For more information, visit our Web site at informix.com. Note to Editors: (c)1998 Informix Corporation. All rights reserved. The following are trademarks of Informix Corporation, or its affiliates: Informix(R). Informix news releases are available at no charge through Business Wire's NewsOnDemand fax service. To immediately receive an index of available releases, call 1-800-356-0851.