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Technology Stocks : Davox -- Ignore unavailable to you. Want to Upgrade?

To: x70sxn who wrote (405)	1/4/1999 8:52:00 AM
From: EyeDrMike	Read Replies (1) \| Respond to of 439

onday January 4, 8:24 am Eastern Time Company Press Release Davox Announces Fourth Quarter and 1998 Preliminary Financial Results WESTFORD, Mass.--(BUSINESS WIRE)--Jan. 4, 1999--Davox Corporation (Nasdaq:DAVX - news), a leading provider of call center management software, today announced that, based on current information, it expects its financial results for the fourth quarter and year ended December 31, 1998 to be below analysts' expectations. Based on preliminary information, the Company expects to report diluted earnings per share of $.05 to $.07 on approximately 14.7 million weighted average shares outstanding for the fourth quarter of 1998. For the fourth quarter of 1997, the Company's diluted earnings per share were $.33 on approximately 14.4 million weighted average shares outstanding. The company expects net revenue for its fourth quarter of 1998 to be approximately $18.9 to $19.4 million compared to $23.7 million in the fourth quarter of 1997. The Company expects pro forma earnings per share for the fourth quarter of 1998 on an estimated fully taxed basis of 38 percent, of $.05 to $.07, compared to estimated fully taxed pro forma earnings per share of $.23 for the same period in 1997. For fiscal 1998, the Company expects to report diluted earnings per share, including one-time charges in the second quarter of 1998 of $1.9 million associated with the acquisition of AnswerSoft, Inc., of $.55 to $.57 on approximately 14.8 million weighted average shares outstanding. In 1997, the Company's diluted earnings per share were $1.05 on approximately 14.3 million weighted average shares outstanding. The company expects net revenue for 1998 to total approximately $88.5 to $89.0 million versus $83.6 million in 1997. Excluding the above one-time charges, the Company expects pro forma earnings per share for 1998 on an estimated fully taxed basis of 38 percent, of $.60 to $.62, compared to estimated fully taxed pro forma earnings per share of $.76 for 1997