Netscape: changes paying off

Article Abstract:

Netscape Communications surprised Wall Street on May 26, 1998 when it broke even during its second quarter partly due to an eight cent-a-share gain from the sale of its securities. The firm which currently faces pressure from Microsoft, listed $127.2 million in revenue for the second quarter up from $125.3 million for the quarter ended December 1997. January 1998 results by Netscape reflected a loss of $54.2 million and were reported separately since the firm changed its fiscal year. Netscape CEO James Barksdale attributes the improved performance to changes that exploited the growing digital economy.

Comment:

Surprised Wall Street when it broke even during its 2nd quarter partly due to an eight cent-a-share gain from securities sale

Sales, profits & dividends, Netscape Communications Corp.

---

Piloting Novell's turnaround

Article Abstract:

Novell of Provo, UT, is once again a profitable company due to the efforts of its new CEO Eric Schmidt. The company, which was one of the most revered software companies in the world, had suffered several financial and marketing setbacks in the past few years due to mismanagement. However, due to the initiatives taken and instituted by Schmidt, Novell has gained back its footing in the computer industry. Novell reported that it has raised its revenue by 6.5% for the first nine months of fiscal 1998 over 1997, as well as reclaimed the market share it had earlier lost from Microsoft.

Comment:

Is once again a profitable company due to the efforts of its new CEO Eric Schmidt

Executive changes & profiles, Novell Inc.

---

U.S., Vietnam strike trade agreement

Article Abstract:

The US and Vietnam have reached a landmark trade agreement that should open Vietnam to US investors. If approved by both governments, the accord will represent an important milestone in US-Vietnam relations almost 24 years after the end of the Vietnam War. Vietnam, one of the world's poorest nations, is a potentially lucrative market, with more than half of its 80 million population under the age of 25.

Administration of General Economic Programs, International economic relations, Trade Relations

Similar abstracts:

• Abstracts: Future of Catholic Church: Changes coming? Oil jitters: tide turns again. Oil jitters: are the days of cheap oil gone forever?
• Abstracts: New strategy in Iraq: Planning for failure. Oil jitters: new paradigm. Debating hip-hop: Controversy
• Abstracts: Unhappy anniversary. Lock, stock and over a barrel. Out of the ordinaries
• Abstracts: Rogers doubles Sports Net stake: CRTC. Ted Rogers pledges turnaround by five years. Rogers sells security alarm division to trim more debt
• Abstracts: Pringles campaign relies on percussion. MCI ads: repetition helps recollection. Citrus drink sales surge as kids obey thirst

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