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Technology Stocks : TREV (IMGX - Network Imaging, by another name) -- Ignore unavailable to you. Want to Upgrade?

To: Constance K. Landis who wrote (27)	7/22/1998 5:42:00 PM
From: musicguy	Respond to of 108

TREV develops and markets software products which provide businesses and government organizations with an automated method of electronically storing, managing and distributing large volumes of computer output and unstructured data. For the three months ended 3/31/98, revenues fell 32% to $6.2 million. Net loss applicable to Common fell 24% to $2.8 million. Results reflect the sale of the Company's subsidiary in France, offset by higher margins due to sales mix changes. 52 week high 1.97 52 week low .75 shares out 28M float 21M book value .22 11% held by insiders as of 6/98 short interest: 1,114,000 shares short New 10 Q results announced.. actual 10Q out on 8/10 - they are turning it all around. The CEO in a May 19 press release said, "I have elected to cut my salary by over 50% in exchange for stock options to help in the reduction of expenses and to bring us closer to achieving profitability." That is a very encouraging sign to me. He will take stock instead of a salary? He must believe. They have bought back preferred stock, increased revs, and cut losses every quarter. News Friday:http://biz.yahoo.com/bw/980717/scangraphi_1.html Excerpts: The Company expects that revenues for the second quarter of 1998 will increase 17% to $1.54 million versus $1.32 million a year earlier. The Company also expects revenues for the six months ended June 30, 1998, to increase by 21% to $2.75 million versus $2.28 million the prior year. The Company indicated further that its second quarter results are in line with expectations, with revenue increasing 27% over the 1st quarter of 1998, and the Company is expecting to show quarter-to- quarter sequential improvement in revenues and earnings for the remainder of 1998. The Company is expecting its net loss before preferred dividends to decrease by 30% to $971,000 for the second quarter of 1998, compared to $1,381,000 for the same quarter last year. The Company plans to issue its complete financial results the week of August 10, 1998. Additionally, the Company said in a statement that there was no reason that it was aware of for the recent decline of its stock price. Shares of the Company closed Thursday, July 16, at 1-1/2, down from 2-5/8 at the end of 1997 Larry Osterwise, president and CEO of Scangraphics Inc. attributed the Company's revenue growth through the first six months of 1998 to the continued success of its Tangent Imaging Systems and TRC business units. He stated further that while Tangent and TRC are growing in a healthy way, SpatialVision from our Sedona business unit has the potential for explosive growth, and he said that the development of Sedona's SpatialVision is on schedule. About SpatialVision ... Sedona's SpatialVision incorporates many major attributes of Oracle Corp.'s (Nasdaq:ORCL - news; Nasdaq: ORCL - news) Network Computing Architecture with comprehensive support for both Spatial and Image Data Cartridges. Using Sun Microsystems (Nasdaq: SUNW - news) Java(TM) development platform, SpatialVision unifies the desktop with application data and makes it available via the Internet. The easy to use GUI permits simple construction and execution of complex queries. SpatialVision provides the businessman, the help desk operator or the sales support administrator with the necessary tools on their desktops or laptops for answering complicated questions from the field. SpatialVision's ease of use, low cost of operation, and seamless integration into mainstream applications are critical features giving the Oracle8 Universal Server a bridge to the desktop. Go to www.sedonageo.com for a full presentation on SpatialVision.

To: Constance K. Landis who wrote (27)	7/22/1998 5:45:00 PM
From: musicguy	Read Replies (1) \| Respond to of 108

Stock structure: 2. RETIREMENT OF REDEEMABLE PREFERRED STOCK During the first quarter of 1998, the Company redeemed the remaining 792,186 shares of Series F Preferred Stock for $6.5 million including outstanding interest. The $6.5 million payment retired the obligations under the Series F Stock. The Company used the $7.0 million proceeds received in January 1998 from the sale of its subsidiary in France, Dorotech, S.A., to finance the buy back of the Company's Series F Stock. 3. CONVERTIBLE NOTES REDEMPTION During the first quarter of 1998, the Company redeemed in cash $1.3 million of the 8% Convertible Notes ("the Notes") due July 8, 2002 and August 20, 2002. At March 31, 1998, $600,000 of the Notes remained outstanding. 4. ISSUANCE OF COMMON STOCK During the first quarter of 1998, the Company completed a private placement of 1,108,947 shares of Common Stock, together with warrants to purchase an additional 50,000 shares of Common Stock, pursuant to Regulation D under the Securities Act of 1933. Proceeds from the offering were $1.1 million and offering costs of $26,000. Pursuant to the terms of the private placement, the Company is obligated to file a registration statement with the Securities and Exchange Commission to register the shares by August 31, 1998. This was the situation in May: The Company has had net losses in each period of its operations since its inception, except for one quarter, and it had an accumulated deficit at December 31, 1997 of $124.4 million. Net losses applicable to Common Stock were $14.3 million for the twelve months ended December 31, 1997, $21.1 million for the year ended December 31, 1996, and $34.9 million for the year ended December 31, 1995. (Notice that net losses decrease signifigantly every year) The adverse results of operations that the Company has experienced is expected to continue at least until the latter part of 1998. (not any more, things are getting better quickly) The Company believes that the combination of existing cash, potential future proceeds from such additional offerings of equity securities as may be required, and any anticipated cash flows from operations, should provide sufficient resources to fund its activities through the next twelve months and to maintain net tangible assets of at least $4 million as required for continued inclusion of the Company's securities on Nasdaq. No need for immediate financing... they have cash to play with.... NOW they are showing record revenues and expect growth for the rest of the year (at least) There are very active and very upbeat Yahoo boards, and the SI thread will wake up soon... Stolen from Yahoo thread: "Treev's two competitors that I found, DCTM and FILE, (Documentum and Filenet) sell at 50 and 30 respectively. DCTM last Q had 26 million in rev, and few 100K in profits. DO numbers like that justify the $50 price.! Filenet had more robust rev's 70mil but 2.3 only mil in profits. P/E 130. Both companies have market value in excess off 500 million. So it seems that the industry is followed by Wall Street, and with constant revenue growth, some profits, over the next quarters, this company could easily go to 20!!! "