Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Parillo who wrote (11003)	6/1/1998 11:57:00 AM
From: Austin	Read Replies (1) \| Respond to of 14631

News article received Monday, June 01, 1998ÿ10:22:38 am EST Brazil: Informix invests US$10mil Informix, a supplier of databank solutions, is investing US$10mil to expand its operations in Brazil, setting up new offices in Rio de Janeiro and Brasilia, hiring new professionals, and expanding its distribution channels to seven companies, and partnerships for 70 to 300. The company will focus in telecoms, retail trade, manufacturing, finance, government and health sectors. Informix sales in Latin America represent 11% of its world turnover, and Brazil alone represents US$29mil in 1997, a figure 61% higher than 1996. Prospects for 1998 are to a 50% growth in sales to US$43.5mil. It has 1,000 users and conquered 40 new corporate customers in 1997, with manufacturing industry representing 40% of its installed basis.