FileNET Corp. reported estimated results for its fourth quarter ended Dec. 31, 1998. Revenue is expected to be approximately $85.1 million, up 11 percent from $76.4 million for the fourth quarter of 1997. Income before restructuring and other costs is expected to be approximately $1.0 million or 3 cents per diluted share, compared to net income of $5.9 million or 18 cents per diluted share for the fourth quarter of 1997. Net loss for the fourth quarter of 1998 is expected to be approximately $.4 million or 1 cent per diluted share. FileNET expects to announce final results on Jan. 26, 1999. For the year ended Dec. 31, 1998, revenue is expected to be approximately $310.2 million, up 23 percent from $251.4 million for the year ended Dec. 31, 1997. Income for 1998 before restructuring and other costs is expected to be approximately $2.4 million or 7 cents per diluted share. Net income for 1998 is expected to approximate $1.0 million, or 3 cents per diluted share, compared to a net loss in 1997 of $5.5 million or 18 cents per diluted share. www.filenet.com
Year: 1999 (Page 95 of 97)
At Lotusphere InfoAccess Inc. announced Transit Central EDM for Lotus Domino.Doc which will extend Domino.Doc to include standards-based Web publishing power and automation. This new integration provides Domino.Doc users with a sophisticated solution for automatically publishing and updating visually appealing and fully linked Websites, while maintaining the document controls and file level security found in a document management system. Using Transit Central EDM, Domino.Doc users will be able to select source documents directly from the Domino.Doc database for publication, and then publish the finished Web pages to a Website or back into a Lotus Notes database for access via Domino. www.infoaccess.com.
Commerce One, Inc. announced that it has acquired privately held Veo Systems, Inc., a provider of XML-based open commerce networks. With this acquisition, Commerce One will rapidly accelerate the pace of development of industry-leading XML-based business-to-business electronic commerce solutions to enable open Internet trading communities. Veo pioneered the development of The Common Business Library (CBL). CBL is a public collection of XML “building blocks” for creating common business documents such as catalogs, purchase orders, and invoices. Veo has turned over CBL to CommerceNet, an industry consortium that is promoting interoperable commerce on the Internet. Over 25 Internet commerce leaders including HP, IBM, Microsoft, Netscape, and Sun are actively involved in this activity, as well as the chief architects of leading key electronic commerce standards initiatives such as OBI, RosettaNet, XML-EDI, OTP and ICE. Commerce One will maintain and grow Veo’s Mountain View, Calif. site as a Development Center for the Commerce Chain Solution. Veo Systems’ President and CEO, Asim Abdullah, and Chairman and Chief Scientist, Dr. Jay M. Tenenbaum, will join Commerce One’s executive management team and Commerce One’s Board of Directors. Commerce One’s XML-enabled products are expected to reach the marketplace in mid-1999. www.commerceone.com
DataChannel Inc. announced the immediate availability of the 3.2 version of DataChannel RIO, the company’s flagship product. DataChannel RIO is an XML-enabled solution designed to build a dynamic two-way corporate portal with input (i.e. publishing) and output (i.e. retrieval) capabilities that make Intranets and Extranets easier to use, integrate, manage, and support. With this release, new features and functionality have been added to ensure smoother deployment in a secure environment, help better manage documents and integrate data. This newest release also represents the first implementation of the XML Java parser co-developed by Microsoft and DataChannel in a commercial product. The 45-day trial can be downloaded at: www.datachannel.com/download
KnowledgeLink Interactive Inc., a provider of business intelligence solutions for business, announced it has changed its name to powerize.com, effective immediately. Powerize.com’s main product is the Powerize Server, The Corporate Portal Machine, formerly called PerSavant. With the Powerize Server, an organization can create a secure in-house information service for its employees – an intranet-based portal that enables users to conduct ad hoc research against multiple and distributed information sources, and create research agents that constantly monitor those sources for new and important information. The Powerize Server can access a wide range of intranet sources including any ODBC database, Lotus Notes databases, and document collections indexed by tools from Documentum, Excalibur, and Verity; any free or paid site on the Internet; newsfeeds from providers such as NewsEdge; and professional online services from providers such as Dialog, and Infonautics. Separately Powersize announced a deal with Vignette to use their syndication server. www.powerize.com.
At Lotusphere99, Lotus Development Corp. today launched Release 5 (R5) of Notes, Domino and Domino Designer, Lotus’ collaboration and Internet messaging software. The new Notes R5 client is a browser-like desktop environment that provides users with access to their most frequently used applications, including Internet e-mail, news, calendars, Web browsing, document management and custom business applications, from one integrated source. Lotus also announced an extension of its relationship with America Online that will enhance the ability of Lotus customers to find and manage Web-based news and information. Through the partnership, America Online provides Web content from a variety of its online news and content sources that users can access and manage directly from within the Notes R5 Client. www.lotus.com/r5.
The W3C has released the “Namespaces in XML” specification as a W3C Recommendation. Teaming up with W3C’s Extensible Markup Language (XML) Recommendation, this new specification allows authors to mix two or more XML-based languages in one document without conflict or ambiguity, thus promoting the modular development and reuse of XML languages and applications. The “Namespaces in XML” specification resolves potential name clashes by using the Web addressing infrastructure. Each element name in a document may be prefixed with a unique address, thus precisely qualifying the name. The modularity and simplicity of XML technology combined with namespaces paves the way for future developments, such as the work in progress in W3C’s XML Schema Working Group, and data exchange based on W3C’s Resource Description Framework (RDF) architecture. The “Namespaces in XML” specification was created and developed by the W3C XML Working Group, which includes key industry players such as Adobe, ArborText, DataChannel, Hewlett-Packard, IBM, Inso, Isogen, Microsoft, NCSA, Netscape, Oracle, SoftQuad, Sun Microsystems, Texcel, Vignette, and Fuji Xerox; as well as experts in structured documents and electronic publishing. www.w3c.org.
MIT and Akamai Technologies Inc., announced a plan to deploy the “world’s largest fault-tolerant network for distributing Web content.” The new company Akamai has more than $8 million in seed financing from venture capitalists and private investors. The company’s first service offering, called “FreeFlow,” uses a new technology to shift the burdensome aspects of Web-based content distribution from a content provider’s server or servers to Akamai’s global network of host servers. FreeFlow is currently in beta in partnership with “some of the largest sites on the Internet,” which were not named. But officials said the beta testers include “five of the world’s most-visited Web sites. FreeFlow is designed to work with any Web server or site design, including database-driven and e-commerce applications. www.akamai.com.
