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Item 3688368 94/06/13 09:18
From: DARREN_SMITH@NEXT.COM@INET# Internet Gateway
Subject: Pages Software Inc. Announces Right-Sizing Decision
FOR IMMEDIATE RELEASE
San Diego, June 10, 1994, Pages Software Inc announced a resizing
today, to better align resource levels with expected revenues. "We
have taken this step to strengthen the company's financial
performance. While reducing staffing levels, we plan to continue
to support our customers and prospects, as well as continue to
evolve our Document Processing product under NEXTSTEP," states
Larry Spelhaug, Pages' CEO. "We believe this is the right business
decision; it has the full support of our investors and Board of
Directors and will yield a stronger and more responsive company
over the long term."
Though Pages eliminated 12 positions from all functional areas,
the company's Sales, Marketing, and Engineering departments will
remain focused on the company's mission to support their
ObjectBased Document Processor and their NEXTSTEP customers.
NeXT, Inc. CEO Steve Jobs agrees with Spelhaug's decision to
rightsize. "I believe Pages has made the right decision, and I
support their efforts to focus on the NEXTSTEP market. Pages'
current direction has 100% of NeXT's support ."
Pages will remain headquartered in San Diego, CA. Questions may
be directed in e-mail to Larry Spelhaug:
larry_spelhaug@pages.com.
=END=