Novell stock tumbles on lower profit
Article Abstract:
Novell Inc reports a 3rd qtr FY 1993 loss of $255.4 million for the period ending Jul 31, as compared to a 3rd qtr FY 1992 profit of $66 million. Sales for the quarter rose 12 percent to $272.8 million from $243.3 million in 1992. The company's stock declines $2.125 to $19.125 following the announcement as the most actively traded Nasdaq issue for Aug 26. Investors are concerned about Novell's inability to settle the succession of 69-year-old Chmn and CEO Ray Noorda. The company earlier announced that Noorda would share the duties of a president with operations executive VP Mary Burnside and senior VP and CFO James R. Tolonen. Novell's 3rd qtr loss results from $320.5 million in charges to cover its acquisition of Unix Systems Laboratories, Software Transformation Inc, Fluent Inc and the Serius Corp. The company earned a profit of $62 million or $0.20 a share before factoring in the charges, down 6 percent from 3rd qtr 1992. Investors were expecting profits of $0.24 a share.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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Standard set for uniting phones and computers
Article Abstract:
Intel and Microsoft jointly announce Windows Telephony, a new application programming interface (API) that integrates the telephone with the microcomputer. The API was developed specifically for the Microsoft Windows operating system and is supported by about 40 companies, including telephone equipment manufacturers, software publishers, microcomputer and peripheral manufacturers, and network providers. Windows Telephony will first be marketed to telemarketing and customer-service operations. Microsoft and Intel officials say that future products with telephony functions will be based on the API. The enhanced products will provide direct access to the telephone network, thereby enhancing existing microcomputer applications. Windows Telephony will also introduce new applications, such as visual call control; desktop audio and video conferencing; and integration of voice, mail and fax.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1993
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Oracle stock drops after profits restated
Article Abstract:
The price of Oracle Corp stock is declining as a result of revised financial reports for the 2nd, 3rd and 4th qtrs of FY 1990. The restatement results in 2nd qtr earnings of $19.1 million, down more than $9 million from the same period in 1989. Revenues for the quarter are listed as $209 million compared to $224.6 million in 2nd qtr 1989. The overall annual results remain the same, with sales merely being moved from the 2nd- to the 3rd and 4th qtrs. Nevertheless, Oracle's stock is being heavily traded and the stock value is at $12.375 as of Aug 27, 1990, a decline of $1.875 in one day. This follows a 31 percent decline in the stock in Mar 1990 and a fall from $28 in 1989. Some analysts of the software publishing industry indicate that Oracle may actually suffer a loss in FY 1991.
Publication Name: The New York Times
Subject: News, opinion and commentary
ISSN: 0362-4331
Year: 1990
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