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Technology Stocks : NewKidCo International (OTC:NKCIF) (TSE:NKC) -- Ignore unavailable to you. Want to Upgrade?

To: esecurities(tm) who wrote (2596)	10/12/1998 9:50:00 PM
From: esecurities(tm)	Read Replies (1) \| Respond to of 4231

Home/Leisure Software Co XPRT* Q3 disappoints the street... Expert Software, Inc. Expects Third Quarter Results Below Analysts' Expectations CORAL GABLES, Fla.--(BUSINESS WIRE)--Oct. 12, 1998--"...Expert Software Inc. (Nasdaq:XPRT - news) today announced that it expects financial results for the third quarter ended September 30, 1998 to be below analysts' expectations. The Company expects net revenues to be approximately $5.0 million for the quarter, which includes a higher than normal provision for returns primarily related to lower than expected sell-through rates. Operating expenses will also include a charge of approximately $1.3 million for additional reserves for potential doubtful accounts related to a distributor which will likely not be collectible in full in the near term. Due to the operating loss resulting from these items, the Company currently anticipates writing-off approximately $5.5 million of deferred tax assets primarily related to tax benefits associated with tax operating loss carryforwards. As a result, the estimated loss per share will likely range from $1.35 to $1.40 per share, based on approximately 7.6 million shares outstanding. ''Sales in the third quarter historically have been low in July and August, and tend to ramp up in September as retailers prepare for the holiday season,'' said Ken Currier, CEO of Expert Software. ''However, late quarter orders from retailers were below expectations..." biz.yahoo.com *SoftQuad's new strategic direction [and competitor].