excite for web servers found documents about: (Query-By-Example) - higher confidence, - lower confidence; click icons to find similar documents 99% 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. 93% 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. 92% 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... 92% The blame game Summary: It's not that the industry's products can't do the job. They can--and do. What can FileNet--and the industry--do to combat those problems? "Was buying Watermark the right strategic thing for the company to do?" We have some excellent products and customers like them," Libit said. 91% 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... 91% 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." 90% 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% 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... 87% Cornerstone's back (in the black) Summary: After a bumpy six months, Cornerstone Imaging (San Jose, Nasdaq:CRNR) has returned to profitability. "We continued execution of the plan we laid out in April to return the company to profitability," said Cornerstone CEO Thomas van Overbeek. "We have moved to a more aggressive pricing strategy for our display subsystems, and refreshed our color and grayscale monitor product lines." "We moved from... 87% 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... 86% 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. 86% The Buzz 5-5-97 Summary: If you only judge the company by its Wall Street performance, you would probably think it is headed for the dumpster. He deserves all the credit in the world for his accomplishments, but sometimes a company just cries out for new leadership. Just a passing thought: Maybe FileNet should buy Diamond Head Software. Connections vary, sometimes dramatically. So what's driving the EDM/PDM vendors these... 86% 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... 86% Bottom Line 12-16-96 Summary: The quarterly figures compare to revenue of $264.2 million, and a net loss of $20.7 million in the same quarter a year ago. "We are particularly pleased to have completed the I-Net acquisition during the quarter," said Joe Tucci, Wang CEO. Further, the workflow and object management developer reports a net loss of $3.7 million for the quarter. These figures compare with revenue of $16 million and... 85% 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,... 85% 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... 84% 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... 84% 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... 83% News Shorts 3-17-97 Summary: Ricoh to market CD-RW hardware. Quickly adopting the new CD-Rewritable (CD-RW) media that can be re-recorded thousands of times, Ricoh (San Jose) has introduced the first CD-RW-capable CD-Recordable (CD-R) drive. Certifiably Artist VARs. Artist Graphics (St. There's an Acrobat in the file cabinet. 82% 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.
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