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Technology Stocks : INPR - Inprise to Borland (BORL) -- Ignore unavailable to you. Want to Upgrade?

To: R.S. Blum who wrote (1999)	1/27/1999 4:37:00 PM
From: Paul Lee	Read Replies (1) \| Respond to of 5102

Inprise Reports Fourth Quarter 1998 and Year-End Results SCOTTS VALLEY, Calif.--(BUSINESS WIRE)--Jan. 27, 1999-- -0- T -- 86 Percent Growth from Enterprise Business Over Year-Ago Quarter -- Company Signs Significant Sales Contracts with New Global Customers -- Inprise Application Server Meets with Early Success -- Inprise Creates Two Separate Divisions to Accelerate Strategic Transformation T -0- Inprise Corporation (Nasdaq:INPR) today announced results for its 1998 fourth quarter and fiscal year ended December 31, 1998. In a separate announcement today, Inprise announced an aggressive restructuring of the Company with the formation of two separate operating divisions, Inprise and borland.com. The divisionalization will include a streamlining of facilities, headcount and product lines designed to increase operating efficiency. For the fourth quarter, the Company reported net revenues of $48.1 million, a decrease of 3 percent when compared with net revenues of $49.7 million in the quarter ended December 31, 1997. For the quarter, the Company recorded net income of $3.5 million, a 379 percent gain compared with net income of $730,000 during the same quarter a year ago. Diluted earnings per share for the fourth quarter were $0.06, compared with diluted earnings per share of $0.01 in the quarter ended December 31, 1997. Common shares and dilutive securities outstanding were 55.2 million and 57.7 million for the quarters ended December 31, 1998 and 1997, respectively.