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Technology Stocks : Ezenia! (VSVR) -- Ignore unavailable to you. Want to Upgrade?

To: General Crude who wrote (778)	4/12/1999 4:36:00 PM
From: TheSlowLane	Respond to of 890

VideoServer, Inc. Reports 1999 First Quarter Financial Results PR Newswire - April 12, 1999 16:28 Revenues of $16.6 Million Up 41% Over Preceding Year BURLINGTON, Mass., April 12 /PRNewswire/ -- VideoServer, Inc. (Nasdaq: VSVR) today reported revenues of $16.6 million for the first quarter ended March 31, 1999, a 41% increase over $11.8 million reported in the first quarter of 1998. Net income for the quarter was $1,332,000 or ten cents per share compared to a net loss of $1,298,000 or ten cents per share for the corresponding quarter in 1998. "This was another strong quarter for the company, reflecting solid gains in sales of VideoServer(TM) products to service providers and through resellers. Increased revenue was driven by demand from installed customers for product upgrades of VideoServer's industry-leading ISDN product line as well as continued early customer adoption of VideoServer's pioneering Encounter(TM) family of Internet Protocol (IP)-based products. Our Internet products are opening entirely new opportunities for us and we are encouraged with the number of leading networking resellers and ISPs that view conferencing capability as a core element of the network," said Khoa Nguyen, VideoServer president and CEO. In February, VideoServer announced the availability of "GetSmart," an e-commerce enabled distance learning application. GetSmart, the result of a collaboration between IBM and VideoServer, features interactive collaboration capabilities, which enable training and education organizations to attract a student base previously excluded by their geography. In March, the company announced a distribution agreement with a unit of Pioneer Standard, a $1.7 billion distributor of a broad range of computer products and electronic components. Pioneer will distribute VideoServer's IP- based Encounter family and its Series 2000 line of circuit-switched Multimedia Conference Servers, in addition to offering the GetSmart solution. VideoServer also announced the expansion of its European channel, adding Voyager Networks, a UK network solutions specialist, as a reseller. Voyager joins Controlware in Germany, Fibronique in France, ISS in Sweden, KPN Telecom in Holland, Videre in South Africa and Unitronics in Spain, all of which are marketing VideoServer's IP and ISDN networked conferencing solutions complemented with a variety of consulting and design services. Also in March, VideoServer announced a technology partnership with VirtuaLINC Corporation, a leading Next Generation Internet service provider. VirtuaLINC's innovative network links many hotels and convention centers to provide a nationwide service enabling long-distance video interviews, employee training, product launches, and interactive trade show capabilities for Fortune 1000 companies.