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100% FileNet suffers Q2 setback
Summary: Imaging World, August 1st, 1996. FileNet suffers Q2 setback. $9 million loss expected for previous six months. For the first time since the acquisitions, Smith acknowledged that assimilating Watermark (Burlington, MA) and Saros (Bellevue, WA) has not been easy. That is not the sort of spin lingo one expects to hear from Smith or FileNet.
89% Buyers hesitate; earnings shortfall rattles in... Summary: Losses mount for FileNet as customers, vendors and analysts wait and see. Libit believes there are several things confusing customers. "The terminology is confusing," he said. Customers have to pause to understand. It takes awhile to churn through it all," said Libit.
88% Bottom Line Summary: Revenue for the fourth quarter was $268.1 million, compared to $285 million in the prior fiscal year. Fourth quarter revenues from the company's OPEN/software grew to $15 million, up from $8.5 million in the prior year's quarter. Wang reports that fiscal 1996 earnings were $138 million vs. Revenues for the year were $1.09 billion, up 15% from $947.2 million in fiscal year 1995. Revenues for the...
87% Power vs. philosophy: the conflicting strategies of FileNet and Cornerstone Summary: Power vs. philosophy: the conflicting strategies of FileNet and Cornerstone. The differences between Cornerstone and FileNet can be described as a clash of power vs. philosophy--FileNet has the power and Cornerstone has the philosophy. Power vs.
87% The Bottom Line 3-3-97 Summary: Earnings for the first quarter rose 92% to $13.1 million compared with $6.8 million in Q1 '96. Net income of $19 million represents an increase of 66% from $11.5 million in Q1 '96. in Q1 '96. Net income of $178.3 million grew 41% from $126 million in Q2 '96. The disk drive and components company reports net income of $213 million, up from $149 million in Q2 '96.
87% Bottom Line 1-1-97 Summary: Net income of $430,000 compares with a net loss of $387,000 in Q2 '96 and income of $2 million in Q3 '95. Net income of $169,000 compares to a net loss of $60,000 in Q3 '95. The company saw a net loss of $1.7 million as compared with net income of $108,000 in the corresponding quarter of 1995. Net income of $1.2 million represents a $3.6 million increase from the third quarter of 1995. Revenue of...
86% Bottom Line 3-17-97 Summary: A net loss for Q4 '96 of $3.9 million compares with net earnings of $228,000 during Q4 '95. Net income of $1.7 million compares with $514,000 in the same period of 1995. Revenue of $90.2 million represents an increase of 59% from $56.8 million in Q4 '95. Net income of $20.1 million compares with $12.3 million in Q4 '95, an increase of 63%. Net earnings of $2 billion compare with $1.7 billion in...
85% Bottom Line 4-21-97 Summary: Q1 '97 operating revenue of $226.5 million is an Adobe record and compares with $193.6 million in Q1 '96. The company will report dividend results for the 23 companies in which it has investments. TMSSequoia (Stillwater, OK, Nasdaq: TMSS) reports Q2 '97 revenue of $1.47 million that compares with $1.44 million in Q2 '97. Net earnings of $69 million compare with $41.6 million in Q1 '96, an...
85% Swept Away Summary: What features are installed versus released? This is very different from document management and control of existing documents. That's the market landscape; how do the players fit in? The Web version of the product is named Accellera, which allows for access to the document repository over the Web. Interleaf fits where the documents are complex and business critical.
85% Bottom Line 10-21-96 Summary: Verity (Sunnyvale, CA, Nasdaq:VRTY) reports disappointing results for its first fiscal quarter. While consistent with the results announced previously, the search and retrieval software developer shows a net loss of $1.3 million. This was despite a 74% increase in revenue over the first quarter a year ago. "While we're disappointed in the results for the quarter, we continue to be confident in...
85% Keynotes address shifting technology FileNet ... Summary: Keynotes address shifting technology. The changing face of document management technology and the resulting impact on business processes are the topic of AIIM's two keynote addresses. Conference keynote speaker Ted Smith, CEO of FileNet (Costa Mesa, CA), will discuss "The Impact of Emerging Technologies on Document Management." Smith will address implications of the convergence of document...
84% But who exactly is TED SMITH? Summary: But Ted Smith's history is anything but "low-key." Something else is working here. If you have something, they want to take it away from you. Does that tell you something about Ted Smith?" Actually, he probably doesn't expect everybody to be happy, although that would be nice.
83% Recent research reports: encouraging, surprisin Summary: With companies that are experiencing a CAGR of more than 50%, the numbers these two research firms are reporting are old news in a dynamic industry.) 2. They measure company revenue, not DM revenue. This is comparing apples to oranges. 4. They measure different companies. Again, apples to oranges.
83% Bottom Line 11-18-96 Summary: Due to one-time charges associated with acquisition, FileNet reported a $1.5 million loss for Q3 '95. Net earnings for the OCR solutions provider increased from $914,000 in Q3 '95 to $1.5 million in Q3 '96. Net revenue increased 4% from $4 billion in the comparable quarter of 1995 to $4.2 billion in 1996. Net revenue of $136.4 million for Q3 '96 compares with $134.3 million from the corresponding...
83% Optika IPO: good idea, bad timing Summary: Imaging World, September 1st, 1996. Optika IPO: good idea, bad timing. By Bruce Hoard, IW executive editor Call it a case of very bad timing. Fortunately, the 1996 numbers have bounced back. "No," says Ruport.
83% Bottom Line 4-7-97 Summary: Net income of $306,000 includes a one-time charge of $410,000 and compares with a net loss in Q4 '95 of $12.71 million. A net income of $9.9 million compares with a net loss of $61.8 million in the same period of 1995. Net income for the business software company of $284.74 million compares with $227.18 million in Q3 '95, an increase of 25%. Results compare with revenue of $21.3 million and net...
82% Watermark office to close Summary: Watermark office to close. By consolidating the operations, Libit says, "The company will save over time ... a considerable amount." It will eliminate some duplication between its development teams as a result of the consolidation. IDC's Scott McCready sheds no tears for Watermark. By moving to Costa Mesa and putting it under the tutelage of a Bruce Waddington."
82% Bottom Line Summary: The figures represent a marked improvement over the Q1 '95 net loss of $6.7 million on net sales of $8 million. Autodesk (San Rafael, CA, Nasdaq: ACAD) reports net revenues of $136.3 million for Q1 '96, compared to Q1 '95 revenues of $138.7 million. The global printer and computer peripheral-products manufacturer reports second-quarter net earnings of $723 million. Indigo (The Netherlands,...
82% FileNet & Companies partner integrators, vendors, and VARs Summary: ValueNet program selects premiere group of preferred authorized resellers. The ValueNet Business Partner Program classifies and recognizes those resellers that meet FileNet standards for customer service. FileNet defines its ValueNet partners as those resellers providing consulting, application and project management services to their customers. "We want to make it easier for the customer to do...
79% ppdevtrends.html-ssi Summary: INDUSTRY SNAPSHOT: Unix fades as NT takes the lead
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