VA Linux results to trail expectations; stock price plunges 42% on disclosure

Article Abstract:

VA Linux Systems saw shares plunge 42% to $17.38 on reports the company planned first-quarter lower-than-expected results. Linux plans an operating loss of around 15 cents a share and around $60 million in sales. New orders have slumped so the company will concentrate on established contracts. in spite of an almost 95% fall from the December stock price, there is still great interest in Linux technology. Wizard Linus Torvalds plans a new version of Linux in a few months.

Electronic computers, Computers, Electronic Computer Manufacturing, Systems Software Pkgs (Micro), Statistical Data Included, Computer industry, Operating systems (Software), VA Linux Systems Inc.

---

Oracle's earnings: no bad news is good; tech bellwether edges past forecasts on cost cuts; stock jumps after hours

Article Abstract:

Oracle Corp. posted its fiscal fourth-quarter results that meet expectations due to cost cutting that offset dragging sales. The software giant's earnings are seen as a major indicator of the technology industry as a whole and was watched closely.

Computer Software, Software, Oracle Corp., ORCL

---

Netscape earnings exceed expectations as sales increase 50% in third quarter

Article Abstract:

Netscape announced net income of $11.7 million, or 13 cents a share, for the 3rd qtr 1997. The report exceeded analysts' expectations by a penny a share. Profit for the 3rd qtr 1996 totaled $7.7 million, or 9 cents a share. Sales leaped 50% in the 3rd qtr 1997 to $150 million, compared with 3rd qtr 1996's $100 million, despite Microsoft's massive Internet-related marketing effort. Analysts interpreted the results as a signal that Netscape would have the resources to compete with Microsoft for Internet and intranet software. Netscape not only has established an Internet presence, it also is benefiting from alliances with Microsoft opponents that include Sun Microsystems and IBM, according to analysts. Netscape also is diversifying beyond its Internet browser and server software origin. Netscape's service revenues, which are surging at triple digit rates, now total about 30% of the company's total sales.

Internet software, Company sales/revenue, Netscape Communications Corp., NSCP, Search engines, Internet search software

Similar abstracts:

• Abstracts: Microsoft posts sharply lower earnings; fiscal 4th-quarter revenue was up 13%, but forecast for 1st period is gloomy
• Abstracts: Microsoft posts flat quarterly revenue; firm cites slower demand for corporate computers; profit tops estimate
• Abstracts: Intel posts earnings below expectations; chip-price cuts took toll, but firm sees strength in sales for rest of '99
• Abstracts: Online music: is is time to rewind or fast forward? Senate committee criticizes record industry, Napster for obstructing process
• Abstracts: Lucent is likely to sell fiber unit for less than agreed-upon price. Sycamore feels heat as rivals tap customer

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.