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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Joe Copia who wrote (6341)	7/15/1998 11:31:00 AM
From: Johanna K. Stiesmeyer	Read Replies (1) \| Respond to of 25711

Hello Joe, Just got back from a work trip to find happy news with DDSI and DDSIW. I must thank you as does my father. Most appreciated!!! Johanna

To: Joe Copia who wrote (6341)	7/16/1998 9:27:00 AM
From: Susan Saline	Respond to of 25711

I hold this flat chart for a run - up at 27/32 biz.yahoo.com Thu Jul 16 TREV TREEV Announces Record Revenues for the Second Quarter of 1998 Thursday July 16, 7:55 am Eastern Time Company Press Release SOURCE: TREEV, Inc. TREEV Announces Record Revenues for the Second Quarter of 1998 CEO Cites 58% Sales Growth as 'Validation of Market Potential' At Technology Investor Conference HERNDON, Va., July 16 /PRNewswire/ -- TREEV, Inc. (Nasdaq: TREV - news) today announced preliminary financial results for the quarter ended June 30, 1998. The Company expects that sales for the second quarter of 1998 will be the highest in its history -- $7.9 million versus $5.0 million for the same quarter of 1997. This represents an increase of 58 percent. The Company expects that its operating loss will be $995,000 and its net loss per share will be $0.10 for the second quarter of 1998, compared to an operating loss of $3.4 million and a net loss per share of $0.17 for the same quarter last year. The 1998 second quarter EPS figure includes the one-time $1.5 million charge that was taken in association with the restructuring announced in May, which represents $0.05, or one half of the second quarter's per share loss. TREEV had announced that the restructuring would generate approximately $4.8 million in annual cost savings. Jim Leto, chairman and CEO, attributed the revenue growth to the Company's continued success in closing small- and mid-sized contracts, along with its booking of a three-year, multi-million-dollar contract with a large telecommunications provider in the second quarter. Leto is making a presentation this morning at the Technology Investor Conference in Washington, D.C. ''The second quarter has traditionally been our weakest period, so we're extremely pleased with these results,'' notes Leto. ''The 58-percent revenue growth demonstrates the success of our product and sales strategy, as well as the potential of the market.'' The Company plans to issue its complete financial results on Wednesday, July 22, with a conference call scheduled for Thursday, July 23, at 11 a.m. (EDT). The conference call phone number is 703-925-2511. TREEV is a leading developer and marketer of integrated document management solutions. The Company's integrated software suite allows businesses to quickly and easily build or customize client/server and Web-based document management applications. TREEV's standards-based component architecture consists of four core technologies: DocuTREEV (imaging), DataTREEV (COLD), AutoTREEV (workflow) and OmniTREEV (document management). Built on its award-winning patented object management technology, the TREEV suite of software products extends a company's investment in legacy and client/server applications by providing users with flexible, cost-effective document management solutions. The Company's software is marketed through partners such as Sybase (Nasdaq: SYBS - news), Lockheed Martin (NYSE: LMT - news), ALLTEL (NYSE: AT - news), EDS (NYSE: EDS - news) and Intergraph Corporation (Nasdaq: INGR - news). ''Safe Harbor'' statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. Although the Company has used its best efforts to be accurate in making these forward looking statements, it is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition to those factors, other important factors that could cause actual results to differ materially include the following: business conditions and the amount of growth in the computer industry and general economy; competitive factors; ability to attract and retain customers; ability to attract business partners and maintain and increase their levels of sales and marketing; ability to attract and retain personnel, including key management personnel; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K and its quarterly reports on Forms 10-Q. SOURCE: TREEV, Inc.