Sierra On-Line says pre-Christmas sales haven't been hurt

Article Abstract:

Software publisher Sierra On-Line Inc reports that sales of the company's computer games are up and that revenue might be increased by as much as $12 million because of the success of the new Sierra Network, which provides games for computer users over telephone lines. Sierra's CEO Ken Williams expects a third-quarter net profit for his company of about $2.6 million, or 70 cents a share, on revenue of $15.5 million. These numbers are about the same as for the same period last year, but there was a $700,000 investment this time, which went into the Sierra Network. So far, the network has attracted 3,000 subscribers, and as many as 10,000 subscribers are expected by the end of 1991. 'Premium' services are planned for the Sierra Network, to be marketed in the same way that cable-TV companies market extra channels. That is, access to certain games will require that a user pay extra.

Profits, Computer games, Sales, Videotex systems, Computer Software Industry, Computer Game, Profit, Videotex, Sierra On-Line Inc., SIER, Sierra Network (computer network)

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Ask Group results trailed estimates in its 3rd period

Article Abstract:

ASK Group Inc's stock plunged $8.25 to $10.75 in national over-the-counter trading on Apr 2, 1993, after the company announced that earnings for 3rd qtr FY 1993 would be worse than expected. ASK blames the poor results on a number of software-license sales that did not close for quarter ending Mar 31. ASK, which makes software for computer-aided manufacturing, now anticipates break-even results or a loss for the quarter. Analysts, who had predicted a profit of 23 cents to 32 cents per share, say the sell-off was motivated as much by investor nervousness over technology stocks as by ASK's specific situation. Other technology stocks fell too, as Conner Peripherals Inc, a maker of disk drives, also said earnings would not match analysts' predictions.

Stock, Financial Report, Market Value, ASK Computer Systems Inc.

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Security Dynamics says profit to trail estimates, as clients put off purchases

Article Abstract:

Security Dynamics Technologies said its will report 1st qtr 1998 earnings of 14 cents a share exclusive of charges, far below analysts's expectations of about 19 cents a share. Quarterly revenue would amount to $39 million, some $4.5 million less than analysts's predictions. By comparison, Security Dynamics reported net income of 12 cents a share on revenue of $28.4 million for the 1st qtr 1997. Several analysts lowered the value of Security Dynamics, the leading computer-communications safeguards vendor that had become a favorite on Wall Street. CEO Charles R. Stuckey Jr. partly blamed the shortfall on companies waiting for new-product introductions to make purchases, but he declined to predict a return to sales growth later in 1998.

Computer Software, Software Publishers, Software, Company sales/revenue, Company sales and earnings, Company earnings/profit, RSA Security Inc., SDTI

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