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Technology Stocks : Accent Softwr (acntf): Addressing Huge Multilingual Mkt? -- Ignore unavailable to you. Want to Upgrade?

To: John Ke who wrote (273)	8/4/1998 2:48:00 PM
From: John Ke	Read Replies (1) \| Respond to of 356

Then again, maybe it's today... ---------- COLORADO SPRINGS, Colo., Aug. 4 /PRNewswire/ -- Accent Software International, Ltd., (Nasdaq: ACNFC; ACUFC) announced today that its net loss during the quarter ended June 30, 1998 was $1,464,000, ($0.05 per share), an 18% improvement from the first quarter and an almost 50% improvement from the year earlier quarterly loss of $2,725,000 ($0.23 per share). Revenue for the quarter was $490,000 compared to $722,000 during the second quarter of 1997. For the six month period ended June 30, 1998, the company's net loss was $3,306,000, $0.14 per share, on revenue of $1,195,000 compared to a net loss of $4,752,000, $0.41 per share, on revenue of $1,449,000 during same period of 1997. "The second quarter was a particularly challenging but productive quarter for Accent," reported the company's President and Chief Executive, Todd Oseth. "We began the quarter with further restructuring efforts which reduced our cost structure and break-even point by almost 50%. We did not begin rebuilding our sales and marketing organization until late in the quarter, however, which resulted in the lower revenue figures." Oseth continued, "During June, we announced that Lernout & Hauspie Speech Products N.V., had acquired a 24.5% stake in the company which helped us both solve our working capital requirements and meet the Nasdaq SmallCap Market listing requirements. We also entered into various marketing and distribution agreements with L&H which should provide a major boost to our sales efforts. The investment by L&H also provides a measure of financial stability to the Company which should help allay the concerns expressed by some potential customers and should also help our sales efforts." Accent earlier reported that it had been granted a temporary exception to the Nasdaq SmallCap Market listing requirements. The company believes it has now satisfied the Nasdaq requirements and is waiting for formal notification to this effect. ---------- Like I said, one quarterly won't do the trick. That sales figure is discouraging, but it was expected. Oseth gave a pretty good explanation, but we have to wait another three months to see if he's right. John