To: JOHN HEFNER who wrote (689 ) 2/7/1999 8:01:00 PM From: SgtPepper Respond to of 1606
John, I received this version of the Dow Jones news story, which refers repeatedly to Jini, not JENE. Your version must be a later version of the story from DJ that corrected this earlier version, which I post here for the record. _____ News Alert from Dow Jones Online News via Quote.com Topic: (NASDAQ:CTXS) Citrix Systems Inc, (NASDAQ:INSGY) Insignia Solutions Plc ADR, (NASDAQ:SUNW) Sun Microsystems, Quote.com News Item #8993253 Headline: Insignia Solutions Hopes New Jini Product Will Boost Earnings ====================================================================== By Maria V. Georgianis, Staff Reporter NEW YORK -(Dow Jones)- Insignia Solutions PLC, best known for software that allows Windows applications to run on Apple computers, hopes to boost earnings and revenue with a product that allows Java software to be used in consumer electronics. Fremont, Calif.-based Insignia (INSGY) expects to ship its Jini products, which are based on Sun Microsystems Inc.'s (SUNW) Java software, this quarter. Insignia Chief Financial Officer Stephen Ambler told Dow Jones that revenue from Jini is expected to increase through the year. Ambler said he anticipates 1999 revenue of $20 million, 75% of which will come from Jini. The balance is expected to come from the company's SoftWindows product, which allows Windows programs to run on Apple and UNIX computers. Ambler said he expects a "slight loss" in 1999. The company earned $442,000, or three cents a share in 1998, mostly from the sale of a former product line to Citrix Systems Inc. (CTXS). Insignia Solutions expects losses in the first and second quarters, breakeven results in the third and profit in the fourth, Ambler said. No financial analysts follow the company. Insignia Solutions reported 1998 revenue of $14.1 million, with most of that coming from SoftWindows. It posted 1997 revenue of $38.9 million. Revenue from SoftWindows and similar types of products has been falling over the years, a situation the company said required a quick change of direction. SoftWindows "is in a long-term decline," Ambler said. He cited competition from similar software products and the fact that the price of Windows-based PCs has become so low. The company began formulating its Jini product plans in 1996 and this week shipped the second test version of its Jini Runtime software to 10 companies evaluating it. Jini Runtime allows Java programs to run in embedded-system devices such as cellular phones, set-top boxes, car navigation systems, among other consumer electronics. Embedded systems, in essence, are hidden computers. The functions of a digital alarm clock, for instance, are controlled by embedded-system software. Insignia expects revenue from Jini to come from three sources: customers who license the software, payments for updates to the software and royalties from products that use the software, Ambler told Dow Jones. Based on the positive feedback from a number of potential customers who have reviewed Jini, Ambler said he is comfortable with projecting revenue of $40 million in 2000 and earnings of 85 cents a share. Insignia is positioning its Jini software as an alternative to the current programming tools that are used to develop applications for consumer electronics with embedded systems. It is hitching itself to Sun Microsystems' campaign to get Java widely used by software developers. - Maria V. Georgianis; 201-938-5244; maria.georgianis@cor.dowjones.com.