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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....
91% 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.
89% 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.
88% 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% Forms processor marries document manager Summary: Forms processor marries document manager. (Monday, January 13, 1997, 9:49 am) Addressing the combined needs of data collection and document management, Cardiff Software (San Marcos, CA) and Optika Imaging (Colorado Springs, CO, http://www.optika.com) are offering a direct link between Cardiff's forms processing tool, TeleForm, and Optika's document management solution, FilePower. The first...
86% 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...
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...
86% 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...
86% With service in mind, a new vendor emerges Summary: With service in mind, a new vendor emerges. The total value of the transaction is approximately $80 million. ViewStar is calling off its impending IPO and will become DSI's Enterprise Applications Group. It expects to generate $110 million in 1996. Lest you assume call centers are all about voice calls, think again.
86% Wall Street activity Public offerings challeng... Summary: Public offerings challenge managers. Finally, being part of the public arena increased the visibility of the industry and its participants. Being public raises the performance bar. There is now a universe of investable stocks through which investors can participate. Investors' perspectives on the industry are in the process of being determined.
85% Scan-Optics posts gain for third quarter Summary: Scan-Optics posts gain for third quarter.com), the company that provides products and systems for data capture, optical character recognition and image processing, has announced that revenues and profits have increased for the third quarter of the year. For the quarter, revenues grew to $10.2 million from $9.8 million for the same time last year. For the year to date, revenues were $31.6 million,...
85% The Buzz Summary: Imaging World, September 1st, 1996 The Buzz. Caere, it was said, was heading south, and ViewStar wanted to go north, financially speaking. Well, for a company on its way down, Caere would seem to be surprisingly healthy. Hard to believe John wouldn't call The Buzz right up if he knew something. Wondering how much it costs to set up a Web site?
84% 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...
84% The biggest mistake for VARs (and VAR salespe... Summary: The existing sales staff can sell imaging and just call in the specialist for doing the deal. It is true that your existing sales staff has many good clients that might be good imaging prospects. They do not have the ability to qualify good imaging prospects, so they end up calling out the new imaging specialist on every deal. Many of those deals are not imaging prospects at all. Build a strong,...
84% 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 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...
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?"
83% A do-it-yourself EDM solution Summary: "Our first objective was to make all of our drawings available on-line," continues Chase. But it's still a homegrown system. The purchasing department has begun to use the system. Right now everyone who has access to the electronic document vault can make their own copies. Not bad for a homegrown low-budget EDM system.
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.
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