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Technology Stocks : OBJECT DESIGN Inc.: Bargain of the year!! -- Ignore unavailable to you. Want to Upgrade?

To: GUSTAVE JAEGER who wrote (2828)	4/2/1999 2:00:00 AM
From: Mitchell	Read Replies (1) \| Respond to of 3194

Object Design, Inc., Announces Preliminary First Quarter Financial Results Business Wire - April 01, 1999 17:40 BURLINGTON, Mass.--(BUSINESS WIRE)--April 1, 1999--Object Design, Inc. (Nasdaq:ODIS) today announced that it expects total revenues for the first quarter ended March 31, 1999, to be in the range of $12.5 million to $13.0 million as compared to $13.0 million in revenue for the first quarter of 1998. The company expects to show a net loss of between $0.07 and $0.08 per share in the quarter in comparison to net income of $0.00 per share in the first quarter of 1998. These results are below the company's expectations. "I am not satisfied with our results this quarter," said Object Design President and CEO Justin Perreault. "While we saw some market softness and delays in customer purchases, we also did not implement our sales and marketing strategy effectively during the quarter. We believe that there remains a positive market outlook for our ObjectStore database and we are taking steps to improve our execution." Perreault added that he was very pleased with the initial launch of Object Design's new eXcelon eXtensible Markup Language (XML) data server during the quarter. "We believe that the successful launch of eXcelon places us in a strong position to address new opportunities in the emerging XML applications market," he said. The company expects to announce actual results on April 15, 1999.