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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (21006)	10/21/1998 2:51:00 PM
From: steve susko	Read Replies (1) \| Respond to of 50167

You called it! It's firming up in the afternoon. Not sure the blue chips (dow) will hold into the close. Kind of a see-saw market. It should really retrace a little for the sake of Santa Claus rally. What's your outlook for the European market? They have been pretty volatile lately.

To: IQBAL LATIF who wrote (21006)	10/21/1998 6:24:00 PM
From: oexplayer	Read Replies (1) \| Respond to of 50167

Ike: Another feather in your cap! Nice report from IFMX. Interested in your long-term outlook? Thanks in advance! Kevin Wednesday October 21, 5:04 pm Eastern Time Informix Q3 net beats analyst forecasts on license growth PALO ALTO, Calif., Oct 21 (Reuters) - Informix Corp., a maker of database software, on Wednesday reported third-quarter earnings that surpassed analyst forecasts as sales surged 23 percent from the year-ago period. The Menlo Park, Calif.-based company, which has struggled to compete against Oracle Corp. (Nasdaq:ORCL - news) and International Business Machines Corp., (NYSE:IBM - news) said net income was $18.4 million, or 10 cents a diluted share, compared with a loss of $110.5 million, or 73 cents, a year ago. The results beat Wall Street expectations of 6 cents a share, according to First Call Corp., which tracks analyst forecasts. Revenue rose 23 percent to $185.2 million from the $150.2 million posted in the year-ago quarter and increased 6 percent from the $174.2 million recorded in the prior quarter. ''We're extremely pleased with the results,'' Bob Finocchio, Informix (Nasdaq:IFMX - news) chief executive, said in an interview. ''We're on track with our plan for growth.'' Even more importantly, license revenue growth, a closely watched measure of profitability in the software industry, rose 24 percent to $96.3 million from a year ago and 12 percent from the second quarter. Service revenue grew 22 percent from the third quarter of 1997 to $88.9 million, and increased slightly from the prior quarter's $88.2 million. Informix shares rose $0.625 on Wednesday to close at $5.50 on the Nasdaq. The company issued the results after the close of regular U.S. trading. More Quotes and News: Informix Corp (Nasdaq:IFMX - news) International Business Machines Corp (NYSE:IBM - news) Oracle Corp (Nasdaq:ORCL - news) Related News Categories: US Market News Help Copyright © 1998 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Commen