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Technology Stocks : Wind River going up, up, up! -- Ignore unavailable to you. Want to Upgrade?

To: James Connolly who wrote (4841)	4/10/1999 2:58:00 PM
From: Peter Church	Read Replies (1) \| Respond to of 10309

I don't remember that this pre-conference call release was posted before. It helps to clarify the situation: "As of today, approximately 20% of the quarter remains," said Ronald A. Abelmann, president and chief executive officer of Wind River Systems, Inc. "With that caveat noted, we believe that our bookings for the fiscal quarter will be close to or will exceed the consensus street estimate of revenues for the first fiscal quarter." "However, the company's revenues will be impacted by a delay in shipments >from the first fiscal quarter to the second fiscal quarter of the Tornado· for Managed Switches product line," continued Abelmann. "Market acceptance and orders for this product have been excellent. As previously announced, the core of this technology was acquired from our partner, Xact, Inc. of Carollton, Texas. Productizing the Xact technology has required a far more extensive engineering effort on the part of Wind River and Xact than was originally anticipated and as a result, Wind River shipments of between $2 million and $3 million will slip from the first quarter to the second quarter." "In addressing the productization issues, Wind River has had extensive discussions with Xact. These have resulted in an excellent opportunity for both companies. We are happy to announce that this morning Wind River and Xact, Inc. signed an agreement whereby Wind River has acquired certain assets of Xact, Inc. We are now in the process of transitioning the Xact employee team to Wind River Systems. This team includes specialists with extensive experience in the networking software technology which underlies both advanced switches and routers." "From the time that Wind River became the first vendor to incorporate TCP/IP networking into our embedded operating system, we have been the leading provider of enabling software for applications that span the Internet infrastructure-including hubs, switches, routers, cable and xDSL modems, network interface cards, and server I/O subsystems. With the acquisition of Xact we are now in a position to provide the most complete off-the-shelf solution to manufacturers of advanced switches and routers-the critical building blocks of the Internet." "We look forward to the addition of Xact's very talented team to the Wind River organization, and believe that this new relationship will serve to further strengthen Wind River's position in the Internet infrastructure," continued Abelmann. Wind River Systems, Inc. Wind River Systems, Inc., an ISO 9001 registered company, is the leading provider of integrated software development tools for real-time embedded applications in the Internet, telecommunications, data communications, office automation, networking, computer peripherals, medical, automotive, industrial, aerospace and multimedia markets. Through the industry's most comprehensive product line and customer support, Wind River enables customers to develop and reuse application software across a variety of products and platforms, shortening development cycles and improving time-to-market. Incorporated in 1983, Wind River is headquartered in Alameda, Calif., with representation worldwide.