Dataware Technologies, Inc. announced its financial results for the fourth quarter and year ended December 31, 1998. For the fourth quarter of 1998, Dataware reported net income of $946,000, or $0.10 per share, on revenues of $8.6 million, excluding one-time charges totaling $1.6 million taken in the fourth quarter. These results compare to net income of $252,000, or $0.03 per share, on revenues of $7.8 million in the fourth quarter of 1997, excluding a one-time charge totaling $2.2 million. For the year ended December 31, 1998, Dataware reported net income of $1.9 million, or $0.20 per share, on revenues of $33 million, excluding one- time charges related to the acquisition of Green Book in the first quarter of $450,000 and the other one-time charges taken in the fourth quarter of $1.6 million. This compares to a 1997 loss of $5.8 million, or $(0.76) per share, on revenues of $37 million. After the accretion of preferred stock totaling $677,000, the net loss available to common stockholders for 1997 was $6.5 million, or $(0.85) per share. After the one-time charges, Dataware reported a net loss of $699,000, or ($0.08) per share, for the quarter which compares to a $1.9 million loss, or ($0.21) per share, for the fourth quarter of 1997. The Company reported a net loss of $207,000, or ($0.02) per share for the year, which compares to a loss of $5.8 million, or ($0.76) per share, for 1997 before the accretion of preferred stock. www.datware.com
Month: February 1999 (Page 4 of 7)
Object Design, Inc. announced that it reported record financial results for the 1998 fiscal year. Object Design reported total revenues of $62.4 million for the 12 months ended December 31, 1998, up 32 percent from $47.3 million reported for the 12 months ended December 31, 1997. Software license revenues were $44.0 million for the 12 months ended December 31, 1998, up 31 percent from $33.6 million for the prior year. Net income for the 12 months ended December 31, 1998, was $4.8 million or $0.17 per share compared to $800,000 or $0.03 per share for the 12 months ended December 31, 1997. For the three months ended December 31, 1998, Object Design reported total revenues of $17.1 million, up 43 percent from $11.9 million for the same period last year. Software license revenues increased by 34 percent to $11.8 million for the three months ended December 31, 1998, from $8.8 million for the same period in 1997. Net income for the three months ended December 31, 1998, was $1.9 million or $0.06 per share, as compared to a net loss of $1.5 million or $0.05 per share for the same period last year.
InSystems Technologies, Inc., a provider of knowledge-based document processing solutions for financial services, announced the Calligo Toolkit, a software developer’s kit for Calligo. Calligo Toolkit will provide customers and alliances the ability to integrate their current applications such as ratings, contact management, or policy administration software with Calligo, InSystems document assembly, management and workflow solution. www.insystems.com
Belgium-Based CEDITI, and Sequoia Software, today announced formation of a strategic marketing and development agreement between the two firms. The relationship will enable CEDITI, a value-added-reseller (VAR) and integrator of information technology in Europe, to resell and create new product packages with Sequoia Interchange2000 (i2K) or to use it in integration projects. Under the licensing agreement with Sequoia, CEDITI will be a direct distribution channel for i2K for Belgium providing training, technical support, marketing and sales. www.sequoiasw.com, www.cediti.be
The World Wide Web Consortium today released the first public working draft of the Scalable Vector Graphics (SVG) specification. The purpose of this publication is to encourage public comments and contributions. SVG is written in XML, which up to now has mainly been used for text. This draft is the first step in the development of a vendor-neutral, cross-platform and ubiquitous Web-specific format for XML vector graphics. Current members of the W3C SVG Working Group are key industry players who brought their graphical and Web expertise to the design of this specification. In alphabetical order: Adobe, Apple, Autodesk, Corel, HP, IBM, Inso, Macromedia, Microsoft, Netscape, Quark, RAL, Sun, and Visio. Following W3C’s practice, the SVG Working Group provides a public mailing list (www-svg@w3.org) for comments in addition to the feedback channels defined by the W3C Process. www.w3c.org
Epicentric, Inc., publicly previewed its portal solution enabling companies to build custom enterprise portals for intranets, extranets and the Internet at Demo ’99. The Epicentric solution delivers ownership of corporate portals from a hosting, branding and design perspective. The company will provide its portal solution as either an enterprise server or hosted service and also license aggregation technology to vertical portal sites on the Web. Epicentric expects to ship its portal server in the second quarter of 1999. Beta sites include enterprise customers such as the United States Postal Service (USPS), BAAN and Philips that will be deploying the product server in both intranet and extranet settings. Epicentric’s technology takes advantage of emerging XML-based standards such as the Document Object Model (DOM) and allows the server to easily communicate with any existing information source. Additionally, Epicentric is a member of the W3C and the Information & Content Exchange (ICE) Advisory Council, a standards body launched to facilitate content exchange. www.epicentric.com
CAP Ventures Inc., announced the industry’s first market study on early adopters of XML. The formal announcement and study scope was unveiled at Documation ’99 West in Santa Clara, CA. The study is a project of CAP Ventures’ Dynamic Content Software Strategies Consulting Service (DSS). The research phase of the project is currently in progress. The study will provide vital market information to software vendors and service providers. In addition, it will prove useful for end-user companies who are evaluating the viability of XML projects. The research will uncover user motivations for employing XML, identify the corporate applications it will be used for most frequently by early adopters, and estimate spending on XML projects through 1999. It will also gauge the industry standards and vocabularies related to XML in which users are most interested. Data for the study will be collected through 250 telephone interviews with companies that have XML-based IT projects either planned or underway. www.capv.com/dss
IntraNet Solutions, Inc., announced its financial results for the third quarter ended Dec. 31, 1998. Total revenues for the quarter ended Dec. 31, 1998 decreased to $2.5 million from $5.0 million in the prior year’s quarter as a result of divesting the company’s hardware integration group. Increases of $649, 078 in software, technical services and support revenues were offset by a decrease in hardware integration group revenues of $3.1 million. Loss from continuing operations was $132,057 or $0.01 per share. This compared to a loss from continuing operations of $122,268 or a loss of $0.02 per share in the prior year’s quarter. Total revenues for the nine months ended Dec. 31, 1998 decreased to $11.0 million from $14.6 million in the prior year period. Increases of $1.7 million in software, technical services and support revenues were offset by a decrease in hardware integration group revenues of $5.3 million. Loss from continuing operations was $355,072, which included a gain of $516,934 from the sale of the hardware integration unit, or a loss of $0.04 per share. This compared to a loss from continuing operations of $1,002,016, or a loss of $0.13 per share in the prior year period. www.intranetsol.com
