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100% Insider trading alleged at FileNet
Summary: Insider trading alleged at FileNet.filenet.com) artificially inflated its stock price. Further, the suit alleges that FileNet's CFO and other insiders then capitalized on the inflated price by selling large blocks of shares before the price collapsed. The suit alleges that despite the April 1, 1996, announcement of softer than expected sales and a resulting 12 point drop in share price, the...
99% Insider trading alleged at FileNet Aclass acti... Summary: Insider trading alleged at FileNet. During this period, Goldman claims, insiders sold shares for as much as $54.50 per share, netting over $10 million in proceeds. FileNet contends that Goldman's action follows a continuing pattern of frivilous litigation against high tech companies. Lerach has been behind at least 53 class action suits lodged against Silicon Valley's top publicly traded high...
93% FileNet reports figures Summary: FileNet reports figures. (Friday, January 17, 1997, 9:24 am) FileNet (Costa Mesa, CA, http://www.filenet.com, Nasdaq/NMS: FILE) reports anticipated figures for Q4 '96. FileNet will release final earnings on Feb.
93% Bottom Line 2-3-97 Summary: Certificates evidencing the shares of Data Translation were mailed to stockholders on Friday, Dec. Total revenue for the quarter of $207.7 million compares to $200.9 million in Q4 '95. A net income of $67.8 million and earnings per share of 92 cents are reported. Revenue will approximate $73 million compared with $67.7 million for Q4 '95. Net income will approximate 20 cents per share compared...
89% Media 100 now trading Summary: Media 100 now trading. (Thursday, January 16, 1997, 8:51 am) Common stock in Media 100 (formerly Data Translation, Marlboro, MA, Nasdaq: MDEA) has begun trading and no longer reflects the distribution of shares of its former wholly-owned subsidiary, Data Translation. Media 100 contributed its data acquisition, imaging and commercial products businesses to the new Data Translation and distributed...
89% Industry shaken by FileNet's falling earnings Summary: (Posted: Thursday, April 3, 1997, 11:51 AM) FileNet (Costa Mesa, CA) will report a net loss of approximately $9.0 million, or $.60 per share, for the first quarter ended March 31, 1997. FileNet expects to report first quarter revenue of approximately $47 million.
89% FileNet software preview Summary: FileNet software preview.filenet.com) unveiled a new software suite for enterprise document management. The suite integrates FileNet's Ensemble E-mail-based, web-enabled workflow with Watermark's document imaging software and Saros' Document Manager. The software suite will be available by the close of 1996.
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% 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.
87% User forum to focus on FileNet Summary: User forum to focus on FileNet. The document imaging industry's largest and longest running user forum has been scheduled for Oct. The conference will include presentations to inform and update customers on FileNet's "Foundation for Enterprise Document Management" strategy that creates a single-source solution for workflow, document imaging, document management and COLD software. This is the...
86% News Shorts Summary: The study found that both the quality of a scanned image and of the hardware affect purchasing decisions. FileNet stock at. to FileNet. Sherpa, Rosetta exchange vows. The FileNet agreement also provides the premiere COLD product, Greenbar.
85% No company is an island Summary: Wang also has a seat on Microsoft's ISV advisory council that no other imaging vendors have. jukeboxes. ViewStar was the first of the enterprise image and workflow vendors to forge a relationship with Microsoft and port its software to NT. Capture and component imaging. The hot area in storage is CD jukeboxes.
84% The Buzz 4-21-97 Summary: Imaging World, April 21st, 1997. Talking alliance turkey. "It would make sense for FileNet and NCR to talk," Ray observes with the tone of a man who knows more than he says. Two cases in point: FileNet and Documentum. "Are Wang and FileNet worth the same?"
79% The Buzz 2-3-97 AIIM board games Summary: AIIM board games. It's been awhile since FileNet has been thus represented. Maybe FileNet didn't feel a need to be there. AIIM board members serve three-year terms and pay all of their own expenses, so why shouldn't they say what's on their minds? "I see that as a good sign," he notes.
78% 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...
77% CMstat announces an alliance Summary: (Posted: Thursday, April 24, 1997, 8:28 AM) CMstat (San Diego) announced an alliance to supply its configuration management technology through Metaphase products.
76% 1996 the year in review Summary: This turned out to be a nightmareon the good days. Wang ascends ... to somewhere. Long-term impact: Not to worry. Long-term impact: CDIA is just too good an idea to flop, and it won't. Long-term impact: The virtual potential here is so great that it's hard to figure out where to start.
76% 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.
76% Viewstar confidently goes public Summary: Imaging World, October 21st, 1996. Viewstar confidently goes public. The workflow and imaging company filed with the Securities and Exchange Commission on August 5 to conduct an initial public offering. Optika recently found out just how cold those public waters can be when it went into its IPO hoping to fetch between $9 and $11 per share of common stock, and ended up having to settle for $6....
75% New hardware, software abounds at ImagingExpo'9 Summary: A number of hardware and software vendors announced new or upgraded products at ImagingExpo'96. DTI (Document Technologies Inc. After the show the agreements endure. New versions and hot new products. This was certainly true at ImagingExpo'96, where a flurry of new software versions was released.
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