To: Jenna who wrote (12184 ) 7/28/1998 11:36:00 AM From: Jenna Read Replies (1) | Respond to of 120523
CYCH, BAANF, SAVLY.. SAVLY earnings coming out after the close. Prereported they expected between 20-22. BAANF.. expected to improve their EPS from $0.01 to $0.11 cents (1,000%). and CYCH well their loss was less than anticipated. SAVLY and BAANF up on 'anticipation' RESTON, Va. (CBS.MW) -- CyberCash reported a second-quarter loss Monday that was wider than a year ago but better than some analysts'expectations. CyberCash (CYCH), which makes software forelectronic-commerce transactions, lost $9.2 million,or 64 cents a share, before charges. A year-ago, the company lost $6.3 million, or 58 cents a share. Analysts surveyed by First Call expected the company to lose 63 cents a share. The Zacks Investment Research consensus estimate was a loss of 75 cents a share. Saville Announces Diluted Earnings Per Share Range for Second Quarter ***************************************************************** BURLINGTON, Mass.--(BUSINESS WIRE)--July 17, 1998--In response to investor inquiries, Saville Systems PLC (NASDAQ:SAVLY - news) today announced that its diluted earnings per share will be within a range of $0.20 to $0.22 for the quarter ended June 30, 1998, excluding the previously announced, one-time charge for certain acquired, in-process research and development. Saville will release its second quarter results at the close of business on Tuesday, July 28, 1998, as scheduled. ''Saville's business continues to be strong and we remain confident in our future prospects'' said Jack Boyle, Chairman and CEO of Saville. CyberCash's loss didn't include a one-time restructuring charge for $609,000. With the charge, the company based in Reston, Va., lost $9.8 million, or 68 cents a share.CyberCash's revenue grew to $2.5 million from $812,000 a year-ago. The company also said it raised $15 million in private financing completed two weeks ago. That money will help CyberCash improve its technologies and services "at a time when electronic commerce appears poised to begin a period of rapid expansion," Chief Executive Bill Melton said in a statement. The $15 million will be used in part to finance CyberCash's network expansion and architecture upgrade, the company said. ***************************************************************** Baan Company Announces Earlier Release Time, Same Date, for Its Second Quarter Results Release BARNEVELD, The Netherlands and RESTON, Va., JULY 27 /PRNewswire/ -- The Baan Company N.V. (Amsterdam: BAAN) (Nasdaq: BAANF - news) said today that it will release its results for the second quarter ended June 30, 1998 at a new time, 8:30 a.m. Central European Time (2:30 a.m. Eastern Daylight Time), on Wednesday, July 29, 1998. The Company said it moved up the release of its second quarter results to a new, earlier time (on the same day as originally scheduled) in order to better respond to the timing preferences of European investors.