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99% 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.
93% 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....
90% 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...
89% 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...
88% The Buzz 1-1-97 Summary: Nice Guy. By Bruce Hoard This month--The All-Good News Department. Looking for a comprehensive report on what's going on in the imaging, workflow document management and text retrieval markets? Nice idea, Mark Ruport. Another good, but belated idea.
87% Who says they make a differenceunfortun... Summary: It's unfortunate that a survey such as IW's "50 who make a difference" (January 1, 1997) has to be so encompassed. Consultants, users (one listed is far from influential) and editors should all be separated into their own categories. If I was going to create such a list, I would say, categorically: * What companies have done the most for our industry? * What publications/editors have addressed...
87% 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.
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% 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...
86% 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,...
86% 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...
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% 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...
84% 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...
83% 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.
83% 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.
82% 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...
82% Hot Products 3-3-97 Summary: Workview new to Navigator. Starting at $22,995 (for a single drive), the CD-R 5000 comes with NT-based duplication software. Web-based document distribution. Built-in security provided by Optika's WebBooks allows access only to valid users. The Web client specifies the application and folder from which documents will be retrieved.
79% InterTech plays with the big boys Eli Gruber, ... Summary: The goal: enterprisewide document management. It goes beyond document management and document imaging. EG: Document imaging and document management basically deal with files. EG: DocuPACT 3.0 is the first software that was developed from the ground up for NT and integrated document management and document imaging. We would like to have a VAR that has some knowledge of document imaging and...
78% 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.
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