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Strategies & Market Trends : Working All Day, But Trading Behind the Bosses Back Thread -- Ignore unavailable to you. Want to Upgrade?

To: Mark[ox5] who wrote (164)	1/27/1999 12:42:00 AM
From: Popiye	Respond to of 779

Hi... BLHG for three days is raising from the dead. Best wishes:)

To: Mark[ox5] who wrote (164)	1/27/1999 12:46:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 779

'1998 was a very productive year for Insignia,'' commented Richard Noling, president and chief executive officer of Insignia Solutions. ''We began Beta testing JENE in November and expect to realize our first revenue-generating customer shipments of JENE in the first quarter of 1999. The feedback we are receiving from our initial JENE beta sites has been very encouraging. Though beta sites remain confidential, we were able to announce that Quantum Corporation is among the possible customers evaluating JENE. I can say with confidence that Quantum Corporation reflects the high standard of companies that are seriously evaluating JENE for bona fide development projects. ''We are also very pleased that ini initial beta testers represent an extremely diverse range of applications for embedded devices, spanning a well-known universe of consumer and corporate products,'' continued Noling. ''The potential for Internet connectivity of these devices, made possible by the Internet-specific emphasis of the Java environment, is becoming more apparent to developers of high-volume embedded products. This is a very exciting time to be at Insignia.'' During the quarter, the Company also announced several important alliances with third parties. In December, the Company signed a Memorandum of Understanding with Sun Microsystems that will set the stage for official certification of JENE and its Embedded Virtual Machine (EVM) by Sun. This development is significant because it provides a critical competitive differentiation for the Company going forward. At the November introduction of JENE, Insignia also announced agreements to include tools from Metrowerks with the JENE development suite, adding value for JENE customers. ''We also were able to decrease accounts receivable to 49 days at December 31, 1998 compared to 93 days at December 31, 1997, and our balance sheet remains strong, with cash and cash equivalents totaling $16.3 million at December 31, 1998,'' concluded Noling. Some encouraging comments from today's earnings statement.