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For Immediate Release
For Immediate Release (3K)
Doc #215869: Click preview link for longer preview.
FOR IMMEDIATE . . .
215869
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Xenos Group
As referenced in this For Immediate Release:
xml-global technologies – size=3>- XML-Global Technologies , Inc. (the "Company") (OTCBB: XMLG) announced today that it has completed the sale of
xenos group, – announced today that it has completed the sale of substantially all of its assets to Xenos Group, Inc., of Toronto, Ontario (TSX: XNS). The transaction was approved by the Company's
xenos group, – result of the transaction, XML Global has transferred substantially all of its business assets to Xenos Group, Inc. In consideration of the assets, Xenos Group paid a combination of $1,250,
xenos group – substantially all of its business assets to Xenos Group, Inc. In consideration of the assets, Xenos Group paid a combination of $1,250,000 in cash, subject to closing adjustments, and 1,
xenos group – 1,250,000 in cash, subject to closing adjustments, and 1,000,000 shares of Xenos Group common stock, which is traded on the TSX. Xenos Group also assumed current accounts payable.
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Xenos Group
As referenced in this For Immediate Release:
xml-global technologies, – size=3>- XML-Global Technologies, Inc. (the "Company") (OTCBB: XMLG) announced today that it has completed the sale of
xml global technologies, – Exchange Commission may affect the results achieved by the Company.
Contact Information
Contact Corporate Communications - XML Global Technologies, Inc.
Phone 1-604-717-1100 ext.114
&
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XML-Global
As referenced in this For Immediate Release:
XML-Global Technologies, Inc. –
EX-99.1 3 xml8k-pr.htm PRESS RELEASE
FOR IMMEDIATE RELEASE
XML Global Announces Completion of Asset Sale to Xenos Group
Vancouver, BC, November 24, 2003 - XML-Global Technologies, Inc. (the "Company") (OTCBB: XMLG) announced today that it has completed the sale of substantially all of its assets to Xenos Group, Inc., of Toronto, Ontario (TSX: XNS). The transaction
_____________
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Subscribers | 2003 |
For Immediate Release Press Release
For Immediate Release Press Release (6K)
Doc #215884: Click preview link for longer preview.
FOR IMMEDIATE RELEASE
Press Release
XML Global Signs Definitive Agreement to Sell Business Assets to Xenos
Vancouver, BC, September 23, 2003 - XML Global Technologies, Inc. (OTC BB: XMLG), a developer of XML middleware, announced today that it has signed a definitive agreement to sell all of its business assets to Xenos Group Inc. (TSX: XNS). Xenos will acquire XML Global's intellectual property, customer relationships, and operating assets and will retain most employees.
Peter Shandro, XML Global's Chairman of the Board commented "XML Global has developed technology that has very broad . . .
215884
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Xenos Group
As referenced in this For Immediate Release Press Release:
xenos group – that it has signed a definitive agreement to sell all of its business assets to Xenos Group Inc. (TSX: XNS). Xenos will acquire XML Global's intellectual property, customer relationships, and operating
xenos group – with Xenos, the data to e-content company," said Stuart Butts, Chairman and CEO of Xenos Group Inc. "This acquisition takes Xenos into the end-to-end data transformation space, with best-
xml global technologies – to enter into employment contracts with Xenos to facilitate the transfer of intellectual property.
About XML Global Technologies , Inc.
XML Global Technologies, Inc. is an XML Middleware Company focused on providing a
xml global technologies – contracts with Xenos to facilitate the transfer of intellectual property.
About XML Global Technologies, Inc.
XML Global Technologies , Inc. is an XML Middleware Company focused on providing a methodical approach to the
xml global technologies – ebXML allow it to plug into popular e-business infrastructures.
To find out more about XML Global Technologies (OTCBB: XMLG), visit our website at www.xmlglobal.com
About Xenos Group Inc.
Xenos (
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Xenos Group
As referenced in this For Immediate Release Press Release:
xml global technologies, – to enter into employment contracts with Xenos to facilitate the transfer of intellectual property.
About XML Global Technologies, Inc.
XML Global Technologies, Inc. is an XML Middleware Company focused on providing a
xml global technologies, – contracts with Xenos to facilitate the transfer of intellectual property.
About XML Global Technologies, Inc.
XML Global Technologies, Inc. is an XML Middleware Company focused on providing a methodical approach to the
xml global technologies – ebXML allow it to plug into popular e-business infrastructures.
To find out more about XML Global Technologies (OTCBB: XMLG), visit our website at www.xmlglobal.com
About Xenos Group Inc.
Xenos (
xml global technologies, – symbol "XNS", with approximately 8.9 million shares outstanding.
PR Contact Information
Contact
Corporate Communications - XML Global Technologies, Inc.
Phone
1-604-717-1100 ext.101
1-800-201-
xml global technologies, – communications@xmlglobal.com
Web
www.xmlglobal.com
Forward Looking Statements
All statements are based on XML Global Technologies, Inc.'s current knowledge and specific assumptions with respect to future business decisions. The
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Subscribers | 2004 |
BroadVisionn, Inc. Announces Fourth Quarter 2003 Results; Company Reports Significant Growth in License Revenue
BroadVisionn, Inc. Announces Fourth Quarter 2003 Results; Company Reports Significant Growth in License Revenue (11K)
Doc #223975: Click preview link for longer preview.
BroadVision Contact:
Bill Meyer
Chief Financial Officer
650-261-5100
BroadVision, Inc. Announces Fourth Quarter 2003 Results
Company Reports Significant Growth in License Revenue
REDWOOD CITY, Calif. January 22, 2004 BroadVision, Inc. (Nasdaq: BVSN), a global provider of self-service web applications, today reported financial results for its fourth quarter ended December 31, 2003. Revenues for the fourth quarter of 2003 were $23.3 million, compared with revenues of $18.6 million for the third quarter ended September 30, 2003 and $28.8 million for the fourth quarter of 2002. License revenue for the quarter totaled $10.4 million versus $5.1 million in the third quarter of 2003.
In the fourth quarter, BroadVision posted a net loss on a generally accepted accounting principles (GAAP) basis of $18.9 million, or $0.57 per share, which included a restructuring charge of $22.0 million attributable almost exclusively to excess facilities. The GAAP net loss for the quarter compares with a GAAP net loss of $10.3 million, or $0.31 per share, for the third quarter of 2003, and a GAAP net loss of $10.0 million, or $0.31 per share, in the fourth quarter of 2002.
Pro forma net income for the fourth quarter of 2003 was $3.0 million, or $0.09 per diluted share, compared with a pro forma net loss of $5.5 million, or $0.17 per diluted share, in the third quarter of 2003 and pro forma net income of $3.7 million, or $0.12 per share, in the fourth quarter of 2002. Pro forma results exclude certain restructuring and non-cash charges that totaled $22.0 million in the fourth quarter of 2003, $4.8 million in the third quarter of 2003 and $13.7 million in the fourth quarter of 2002. A reconciliation of pro forma results to GAAP results is provided in the financial information attached to this press release. The Company believes its pro forma results provide useful information because they reflect the Companys financial performance excluding certain charges and restructuring expenses that the Company believes are not indicative of its ongoing operations.
223975
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BroadVision
As referenced in this BroadVisionn, Inc. Announces Fourth Quarter 2003 Results; Company Reports Significant Growth in License Revenue:
BroadVision –
EX-99.1 3 a04-1482_2ex99d1.htm EX-99.1
Exhibit 99.1
BroadVision Contact:
Bill Meyer
Chief Financial Officer
650-261-5100
BroadVision, Inc. Announces Fourth Quarter 2003
BroadVision, – 99.1
Exhibit 99.1
BroadVision Contact:
Bill Meyer
Chief Financial Officer
650-261-5100
BroadVision, Inc. Announces Fourth Quarter 2003 Results
Company Reports Significant Growth in License Revenue
REDWOOD
BroadVision, – 2003 Results
Company Reports Significant Growth in License Revenue
REDWOOD CITY, Calif. January 22, 2004 BroadVision, Inc. (Nasdaq: BVSN), a global provider of self-service web applications, today reported financial
BroadVision – million versus $5.1 million in the third quarter of 2003.
In the fourth quarter, BroadVision posted a net loss on a generally accepted accounting principles (GAAP) basis of $18.9
BroadVision – forward to leveraging our fourth quarter success into 2004.
During the fourth quarter of 2003, BroadVision closed new and repeat business in all key vertical markets with companies such as AstraZeneca,
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BroadVision, Inc. Announces Third Quarter 2003 Results
BroadVision, Inc. Announces Third Quarter 2003 Results (11K)
Doc #223988: Click preview link for longer preview.
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Third Quarter 2003 Results
REDWOOD CITY, Calif. October 22, 2003 BroadVision, Inc. (Nasdaq: BVSN), a global provider of enterprise self-service web applications, today reported financial results for the third quarter ended September 30, 2003. Revenues for the third quarter of 2003 were $18.6 million, compared with revenues of $21.8 million for the second quarter ended June 30, 2003 and $27.2 million for the third quarter of 2002. License revenue for the quarter totaled $5.1 million versus $6.8 million in the second quarter of 2003.
In the third quarter, BroadVision posted a net loss on a generally accepted accounting principles (GAAP) basis of $10.3 million, or $0.31 per share, which included a restructuring charge of $4.5 million attributable to excess facilities and severance costs and a one-time charge of $4.2 million for the settlement of pending litigation. The GAAP net loss for the quarter compares with a GAAP net loss of $7.6 million, or $0.23 per share, for the second quarter of 2003, and a GAAP net loss of $67.7 million, or $2.11 per share, in the third quarter of 2002.
Including the $4.2 million one-time litigation settlement charge, pro forma net loss for the third quarter of 2003 was $5.5 million, or $0.17 per diluted share, compared with pro forma net income of $222,000, or $0.01 per diluted share, in the second quarter of 2003 and a pro forma net loss of $2.3 million, or $0.07 per share, in the third quarter of 2002. Pro forma results exclude certain restructuring and non-cash charges that totaled $4.8 million in the third quarter of 2003, $7.8 million in the second quarter of 2003 and $65.4 million in the third quarter of 2002. A reconciliation of pro forma results to GAAP results is provided in the financial information attached to this press release. The Company believes its pro forma results provide useful information because they reflect the Companys financial performance excluding certain charges and restructuring expenses that the Company believes are not indicative of its ongoing operations.
223988
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BroadVision
As referenced in this BroadVision, Inc. Announces Third Quarter 2003 Results:
BroadVision –
EX-99.1 3 a03-4302_1ex99d1.htm EX-99.1
Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc.
BroadVision – 1 3 a03-4302_1ex99d1.htm EX-99.1
Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Third Quarter 2003
@broadvision. – Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision. com
BroadVision, Inc. Announces Third Quarter 2003 Results
REDWOOD CITY, Calif. October 22, 2003 BroadVision,
BroadVision, – 1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Third Quarter 2003 Results
REDWOOD CITY, Calif. October 22, 2003 BroadVision, Inc. (
BroadVision, – broadvision.com
BroadVision, Inc. Announces Third Quarter 2003 Results
REDWOOD CITY, Calif. October 22, 2003 BroadVision, Inc. (Nasdaq: BVSN), a global provider of enterprise self-service web applications, today reported
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BroadVision, Inc. Announces Second Quarter 2003 Results
BroadVision, Inc. Announces Second Quarter 2003 Results (1K)
Doc #224020: Click preview link for longer preview.
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Second Quarter 2003 Results
Company Narrows GAAP Loss Year over Year, Posts Pro Forma Net Income
REDWOOD CITY, Calif. July 23, 2003 BroadVision, Inc. (Nasdaq: BVSN), a leading provider of enterprise portal applications, today reported financial results for the second quarter ended June 30, 2003. Revenues for the second quarter of 2003 were $21.8 million, compared with revenues of $24.5 million for the first quarter ended March 31, 2003 and $29.4 million for the second quarter of 2002. License revenue for the quarter totaled $6.8 million, and services revenue totaled $15.0 million.
224020
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BroadVision
As referenced in this BroadVision, Inc. Announces Second Quarter 2003 Results:
BroadVision –
EX-99.1 3 a03-1339_1ex991.htm EX-99.1
Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc.
BroadVision – 1 3 a03-1339_1ex991.htm EX-99.1
Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Second Quarter 2003
@broadvision. – Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision. com
BroadVision, Inc. Announces Second Quarter 2003 Results
Company Narrows GAAP Loss Year over Year,
BroadVision, – 1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Second Quarter 2003 Results
Company Narrows GAAP Loss Year over Year, Posts
BroadVision, – Loss Year over Year, Posts Pro Forma Net Income
REDWOOD CITY, Calif. July 23, 2003 BroadVision, Inc. (Nasdaq: BVSN), a leading provider of enterprise portal applications, today reported financial results
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BroadVisionn, Inc. Announces Return to GAAP Profitability in First Quarter
BroadVisionn, Inc. Announces Return to GAAP Profitability in First Quarter (11K)
Doc #224050: Click preview link for longer preview.
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Return to GAAP Profitability in First Quarter
Company Reports GAAP Net Income of $1.3 Million, Pro Forma Net Income of $3.3 Million
REDWOOD CITY, Calif. April 23, 2003 BroadVision, Inc. (Nasdaq: BVSN), a leading provider of enterprise portal applications, today reported financial results for the first quarter ended March 31, 2003. Revenues for the first quarter of 2003 were $24.5 million, compared with revenues of $28.8 million for the fourth quarter ended December 31, 2002 and $30.5 million for the first quarter of 2002. License revenue for the quarter totaled $8.0 million, and services revenue totaled $16.5 million. In the first quarter, BroadVision posted net income on a generally accepted accounting principles (GAAP) basis of $1.3 million, or $0.04 per share and recorded an increase in cash and cash investments of $0.4 million. The GAAP net income for the quarter compares with a GAAP net loss of $10.0 million, or $0.31 per share, for the fourth quarter of 2002, and a GAAP net loss of $36.1 million, or $1.14 per share, in the first quarter of 2002.
Pro forma net income for the first quarter of 2003 was $3.3 million, or $0.09 per diluted share, compared with pro forma net income of $3.7 million, or $0.11 per diluted share, in the fourth quarter of 2002. In the first quarter of 2002, the Company reported a pro forma net loss of $19.0 million, or $0.60 per share. Pro forma results exclude certain charges that totaled $1.9 million in the first quarter of 2003, $13.7 million in the fourth quarter of 2002 and $17.1 million in the first quarter of 2002. The charges in the first quarter of 2003 were comprised of restructuring costs and amortization charges related to previously acquired technology. The Company believes its pro forma results provide useful information because they reflect the Companys financial performance excluding certain non-cash and restructuring expenses that the Company believes are not indicative of its core operations.
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BroadVision
As referenced in this BroadVisionn, Inc. Announces Return to GAAP Profitability in First Quarter:
BroadVision –
EX-99.1 3 j9745_ex99d1.htm EX-99.1
Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc.
BroadVision – 99.1 3 j9745_ex99d1.htm EX-99.1
Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Return to GAAP
@broadvision. – Exhibit 99.1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision. com
BroadVision, Inc. Announces Return to GAAP Profitability in First Quarter
Company Reports GAAP Net
BroadVision, – 1
BroadVision Contact:
Bob Okunski
BroadVision Investor Relations
650-542-4659
bob.okunski@broadvision.com
BroadVision, Inc. Announces Return to GAAP Profitability in First Quarter
Company Reports GAAP Net Income
BroadVision, – Million, Pro Forma Net Income of $3.3 Million
REDWOOD CITY, Calif. April 23, 2003 BroadVision, Inc. (Nasdaq: BVSN), a leading provider of enterprise portal applications, today reported financial results
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BroadVision Announces Voluntary Stock Option Exchange Program
BroadVision Announces Voluntary Stock Option Exchange Program (3K)
Doc #224216: Click preview link for longer preview.
BROADVISION MEDIA RELATIONS CONTACT
Keith R. Crosley
BroadVision, Inc.
650-542-5824
keith.crosley@broadvision.com
BROADVISION INVESTOR RELATIONS CONTACT:
Bob Okunski
BroadVision, Inc.
650-542-4659
bob.okunski@broadvision.com
BROADVISION ANNOUNCES VOLUNTARY STOCK OPTION EXCHANGE PROGRAM
REDWOOD CITY, CALIF.--APRIL 25, 2001 -- BroadVision, Inc. (Nasdaq: BVSN), a
leading provider of personalized e-business applications, today announced a
voluntary stock option exchange program for the company's employees. As part of
the program, eligible BroadVision employees and Board members can elect to
cancel any previously granted underwater options in exchange for an equal number
of replacement options to be granted in the future.
The date of the cancellation of the options is presently scheduled for May 25,
2001, though that date may be extended. The grant date for the replacement
options will be November 27, 2001. However, if the cancellation date is
extended, the grant date for the replacement options will be extended to a date
that is six months and two days after the cancellation date. The exercise price
of the new options will be set at the fair market value of BroadVision's common
stock when the replacement option is granted.
"I am convinced that the long-term opportunities and prospects for our company
are solid," said Dr. Pehong Chen, founder and CEO of BroadVision. "This option
exchange program is designed to motivate and retain our employees and to ensure
that they share in our continued success."
224216
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BroadVision
As referenced in this BroadVision Announces Voluntary Stock Option Exchange Program:
BROADVISION – 13
{FILENAME}a2046324zex-99_a13.txt
{DESCRIPTION}EXHIBIT 99.(A)(13)
{TEXT}
{PAGE}
EXHIBIT (a)(13)
BROADVISION MEDIA RELATIONS CONTACT
Keith R. Crosley
BroadVision, Inc.
650-542-5824
keith.crosley@broadvision.com
BroadVision, – 99.(A)(13)
{TEXT}
{PAGE}
EXHIBIT (a)(13)
BROADVISION MEDIA RELATIONS CONTACT
Keith R. Crosley
BroadVision, Inc.
650-542-5824
keith.crosley@broadvision.com
BROADVISION INVESTOR RELATIONS CONTACT:
Bob Okunski
@broadvision. – 13)
BROADVISION MEDIA RELATIONS CONTACT
Keith R. Crosley
BroadVision, Inc.
650-542-5824
keith.crosley@broadvision. com
BROADVISION INVESTOR RELATIONS CONTACT:
Bob Okunski
BroadVision, Inc.
650-542-4659
bob.okunski@broadvision.
BROADVISION – MEDIA RELATIONS CONTACT
Keith R. Crosley
BroadVision, Inc.
650-542-5824
keith.crosley@broadvision.com
BROADVISION INVESTOR RELATIONS CONTACT:
Bob Okunski
BroadVision, Inc.
650-542-4659
bob.okunski@broadvision.com
BROADVISION
BroadVision, – BroadVision, Inc.
650-542-5824
keith.crosley@broadvision.com
BROADVISION INVESTOR RELATIONS CONTACT:
Bob Okunski
BroadVision, Inc.
650-542-4659
bob.okunski@broadvision.com
BROADVISION ANNOUNCES VOLUNTARY STOCK OPTION EXCHANGE
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| Subscribers | 2003 |
News Release
News Release (28K)
Doc #233021: This document is immediately available for purchase, but does not have a preview available for viewing.
233021
|
Hewlett-Packard
As referenced in this News Release:
Hewlett-Packard – Results
Editorial Contacts:
Brian Humphries, HP
+1 650 857 3342
brian.j.humphries@hp.com
Hewlett-Packard Company
3000 Hanover Street
Palo Alto, CA 94304
www.hp.com
Revenue of $19.
HEWLETT-PACKARD – States and other countries. Microsoft and Windows are U.S. registered trademarks of Microsoft Corp.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
NON-GAAP CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
Excluding adjustments itemized below
(
HEWLETT-PACKARD – been made to prior period amounts in order to conform to the current year presentation.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
NON-GAAP CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
Excluding adjustments itemized below
(
HEWLETT-PACKARD – 2002 and for the period May 3, 2002 (the acquisition date) to October 31, 2002.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
(Unaudited)
(In millions except per share
HEWLETT-PACKARD – 2002 and for the period May 3, 2002 (the acquisition date) to October 31, 2002.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF CASH FLOWS
(Unaudited)
(In millions)
Three months
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Intel
As referenced in this News Release:
Intel Corp – intend to update these forward-looking statements.
Trademarks
UNIX is a registered trademark of the Open Group. Itanium is a registered trademark of Intel Corp . or its subsidiaries in the United States and other countries. Microsoft and Windows are U.S. registered trademarks of Microsoft Corp.
HEWLETT-
_____________
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Microsoft
As referenced in this News Release:
Microsoft Corp – trademark of Intel Corp. or its subsidiaries in the United States and other countries. Microsoft and Windows are U.S. registered trademarks of Microsoft Corp .
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
NON-GAAP CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
Excluding adjustments itemized below
(Unaudited)
(In millions except per share
_____________
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Microsoft
As referenced in this News Release:
Microsoft Corp – trademark of Intel Corp. or its subsidiaries in the United States and other countries. Microsoft and Windows are U.S. registered trademarks of Microsoft Corp .
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
NON-GAAP CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
Excluding adjustments itemized below
(Unaudited)
(In millions except per share
_____________
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HP Reports Second Quarter 2003 Results
HP Reports Second Quarter 2003 Results (33K)
Doc #233059: Click preview link for longer preview.
EDITORIAL CONTACT:
Tim Marklein, HP
+1 650 236 4525
tim.marklein@hp.com
Rebeca Robboy, HP
+1 650 857 2064
rebeca.robboy@hp.com
Hewlett-Packard Company
3000 Hanover Street
Mail Stop 1048
Palo Alto, CA 94304
www.hp.com
HP REPORTS SECOND QUARTER 2003 RESULTS
* Non-GAAP EPS $0.29, $0.02 Higher than Analyst Consensus Estimates; GAAP EPS
$0.22
* Revenue of $18.0 Billion, Up 1% Sequentially
* Enterprise Systems Grows Sequentially, Nears Break-Even
* Cash Generated from Operations Exceeds $2.5 Billion
* Company Affirms Second-Half Analyst Estimates for Revenue and Non-GAAP EPS
-------------------------------------------------------------------------------
PALO ALTO, CALIF., May 20, 2003 - HP (NYSE:HPQ) today reported financial results
for its second fiscal quarter ended April 30, 2003. Second quarter revenue
totaled $18.0 billion, compared to $17.9 billion in the prior quarter, and
non-GAAP(1) operating profit totaled $1.14 billion, up 4% sequentially. Non-GAAP
operating profit was 6.4% of revenue, up from 6.2% of revenue in the prior
quarter. Non-GAAP diluted earnings per share (EPS) for the quarter was $0.29, in
line with the company's first fiscal quarter and two cents above recent analyst
consensus estimates.
Non-GAAP diluted EPS and operating profit reflect a $218 million adjustment on
an after-tax basis, or 7 cents per diluted share. On an after-tax basis, the
adjustment includes $141 million of amortization of purchased intangible assets,
$126 million for various acquisition-related items, and $234 million in
restructuring charges. Additionally, non-GAAP diluted EPS excludes a
non-recurring tax benefit of $131 million. GAAP operating profit for the quarter
was $643 million, or 3.6% of revenue, and GAAP diluted EPS was $.22 per share.
All non-GAAP information in this release is reconciled in the "Non-GAAP
Consolidated Condensed Statement of Earnings" table below.
"HP delivered a solid quarter with sequential improvement in revenue and
non-GAAP operating profit," said Carly Fiorina, HP chairman and chief executive
officer. "Enterprise Systems grew 3% sequentially with nearly break-even
results, and HP Services grew 2% sequentially with solid profits. Personal
Systems revenue was flat, defying seasonal trends, with sustained profitability.
And Imaging and Printing grew 13% over last year, down 1% sequentially in line
with normal seasonality, with profit up 1% sequentially.
"One year after the merger, we've reduced structural costs by $3.5 billion on an
annualized basis. Our business model is generating a more balanced revenue and
profit mix, and our operating cash generation capabilities - more than $2.5
billion this quarter - are proving to be stronger than ever," said Fiorina.
"Today, HP emerges from the integration a stronger, bolder competitor with our
sights set firmly on leadership and growth."
Summary of Financial Results Q2 FY2003 Q1 FY2003
--------------------------------------------------------------------------------
Revenue $18.0 billion $17.9 billion
Non-GAAP Operating Margin(1) 6.4% 6.2%
GAAP Operating Margin 3.6% 4.9%
GAAP diluted EPS $0.22 $0.24
Non-GAAP diluted EPS(1) $0.29 $0.29
(1) All non-GAAP numbers have been adjusted to exclude certain items. A
reconciliation of specific adjustments to GAAP results for this quarter and the
prior period is included in the "Non-GAAP Consolidated Condensed Statement of
Earnings" table below. A description of HP's use of non-GAAP information is
provided under "Use of Non-GAAP Financial Information" below.
================================================================================
Regionally, Americas revenue remained flat sequentially at $8.1 billion,
representing 45% of total revenue. Europe grew 1% sequentially to $7.1 billion,
representing 40% of total revenue. Asia-Pacific grew 2% sequentially to $1.9
billion, representing 11% of total revenue. Japan recovered from a weak first
quarter and grew 7% sequentially to $795 million in revenue, representing 4% of
total revenue. Currency effects contributed 2 points to sequential revenue
growth during the quarter.
HP's 25 largest new business contracts in the quarter -- with an average value
of more than $200 million each -- represent a total long-term value of more than
$5 billion. Since the merger, HP's top 125 new business contracts have totaled
more than $12.5 billion in total long-term value.
BUSINESS SEGMENT RESULTS
------------------------
Personal Systems
----------------
Personal Systems revenue totaled $5.1 billion, reflecting a solid performance in
the commercial market despite continued softness in IT spending. Growth in
notebooks, commercial desktops and workstations was offset by seasonal weakness
in U.S. consumer desktops and handheld devices. Balanced performance in each
geography offset normal U.S. post-holiday declines.
Personal Systems operating profit was $21 million, compared to $33 million last
quarter - representing the group's second consecutive quarter of profits.
Operating profit was 0.4% of revenue, compared to 0.6% last quarter. HP's
business model improvements, including significant cost structure reductions and
re-engineered channel programs, have enabled HP to drive competitive pricing in
key markets while preserving solid margins.
Highlights of the quarter include significant share gains for HP's commercial
and consumer notebooks, as well as new pricing strategies for low-cost consumer
desktops and entry-level personal workstations; strong reception by consumers to
HP's new low-cost iPAQ h1900 and by enterprises to HP's wireless iPAQ h5450
handheld; and continued improvements in HP's direct business and partner
programs worldwide.
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Hewlett-Packard
As referenced in this HP Reports Second Quarter 2003 Results:
Hewlett-Packard – tim.marklein@hp.com
Rebeca Robboy, HP
+1 650 857 2064
rebeca.robboy@hp.com
Hewlett-Packard Company
3000 Hanover Street
Mail Stop 1048
Palo Alto, CA 94304
www.hp.com
HEWLETT-PACKARD – expectations in these
statements. HP assumes no obligation to update these forward-looking statements.
{PAGE}
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
(Unaudited)
(In millions except per share
HEWLETT-PACKARD – April 30, 2002 include the results
of HP prior to the acquisition of Compaq.
================================================================================
{PAGE}
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
NON-GAAP CONSOLIDATED CONDENSED STATEMENT OF EARNINGS
Excluding adjustments itemized below
HEWLETT-PACKARD – Income tax effect of reconciling items (164) (73)
-------- -------
Non-GAAP net earnings $ 877 $ 877
======== =========
================================================================================
{PAGE}
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED BALANCE SHEET
(In millions)
April 30, October 31,
2003
HEWLETT-PACKARD – made to prior year balances in order to
conform to the current year presentation.
================================================================================
{PAGE}
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
CONSOLIDATED CONDENSED STATEMENT OF CASH FLOWS
(Unaudited) (In millions)
Three months
dt 51613
;
Intel
As referenced in this HP Reports Second Quarter 2003 Results:
Intel Corp – accepted accounting principles in the United States.
Trademarks
----------
Unix is a registered trademark of the Open Group. Itanium is a registered
trademark of Intel Corp . or its subsidiaries in the United States and other
countries. Microsoft is a U.S. registered trademark of Microsoft Corp.
Forward-Looking
_____________
dt 149110
;
Microsoft
As referenced in this HP Reports Second Quarter 2003 Results:
Microsoft Corp – registered
trademark of Intel Corp. or its subsidiaries in the United States and other
countries. Microsoft is a U.S. registered trademark of Microsoft Corp .
Forward-Looking Statements
--------------------------
This document contains forward-looking statements that involve risks and
uncertainties, as well as assumptions that, if they never
_____________
dt 116438
;
|
Microsoft
As referenced in this HP Reports Second Quarter 2003 Results:
Microsoft Corp – registered
trademark of Intel Corp. or its subsidiaries in the United States and other
countries. Microsoft is a U.S. registered trademark of Microsoft Corp .
Forward-Looking Statements
--------------------------
This document contains forward-looking statements that involve risks and
uncertainties, as well as assumptions that, if they never
_____________
dt 116438
;
 Bank of Ireland
As referenced in this HP Reports Second Quarter 2003 Results:
Bank of Ireland; – year, $3 billion managed services contract with
Procter & Gamble that was finalized in early May; a 7-year, $600 million
outsourcing contract with Bank of Ireland; and a $100 million contract with the
Classroom 2000 (C2K) project in Northern Ireland to help deliver the world's
biggest e-
_____________
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;
More... |
| Preview
Subscribers | 2004 |
For Immediate Release
For Immediate Release (11K)
Doc #236251: Click preview link for longer preview.
FOR IMMEDIATE RELEASE
BroadVision Contact:
Bill Herrick
BroadVision Investor Relations
650.542.3865
ir1@broadvision.com
BroadVision, Inc. Announces First Quarter 2004 Results
REDWOOD CITY � April 21, 2004 � BroadVision, Inc. (Nasdaq: BVSN), a global provider of self-service web applications, today reported financial results for its first quarter ended March 31, 2004. Revenues for the first quarter of 2004 were $20.9 million, compared with revenues of $23.3 million for the fourth quarter ended December 31, 2003 and $24.5 million for . . .
236251
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BroadVision
As referenced in this For Immediate Release:
BroadVision – 99.1 3 a04-4642_1ex99d1.htm EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
BroadVision Contact:
Bill Herrick
BroadVision Investor Relations
650.542.3865
ir1@broadvision.com
BroadVision, Inc.
BroadVision – 4642_1ex99d1.htm EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
BroadVision Contact:
Bill Herrick
BroadVision Investor Relations
650.542.3865
ir1@broadvision.com
BroadVision, Inc. Announces First Quarter 2004
@broadvision – 1
FOR IMMEDIATE RELEASE
BroadVision Contact:
Bill Herrick
BroadVision Investor Relations
650.542.3865
ir1@broadvision .com
BroadVision, Inc. Announces First Quarter 2004 Results
REDWOOD CITY April 21, 2004 BroadVision,
BroadVision – IMMEDIATE RELEASE
BroadVision Contact:
Bill Herrick
BroadVision Investor Relations
650.542.3865
ir1@broadvision.com
BroadVision , Inc. Announces First Quarter 2004 Results
REDWOOD CITY April 21, 2004 BroadVision, Inc. (Nasdaq:
BroadVision – ir1@broadvision.com
BroadVision, Inc. Announces First Quarter 2004 Results
REDWOOD CITY April 21, 2004 BroadVision , Inc. (Nasdaq: BVSN), a global provider of self-service web applications, today reported financial
dt 52644
;
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BroadVision
As referenced in this For Immediate Release:
BroadVision, Inc. –
EX-99.1 3 a04-4642_1ex99d1.htm EX-99.1
Exhibit 99.1
FOR IMMEDIATE RELEASE
BroadVision Contact:
Bill Herrick
BroadVision Investor Relations
650.542.3865
ir1@broadvision.com
BroadVision, Inc. Announces First Quarter 2004 Results
REDWOOD CITY April 21, 2004 BroadVision, Inc. (Nasdaq: BVSN), a global provider of self-service web applications, today reported financial results for its first
_____________
BroadVision, Inc. – 99.1
FOR IMMEDIATE RELEASE
BroadVision Contact:
Bill Herrick
BroadVision Investor Relations
650.542.3865
ir1@broadvision.com
BroadVision, Inc. Announces First Quarter 2004 Results
REDWOOD CITY April 21, 2004 BroadVision, Inc. (Nasdaq: BVSN), a global provider of self-service web applications, today reported financial results for its first quarter ended March 31, 2004. Revenues for the first quarter of 2004
_____________
BroadVision, Inc. – and the U.S.
Air Force - serving nearly 60 million registered users, rely on BroadVisions open solutions to power and personalize their mission-critical web initiatives.
For more information about BroadVision, Inc. , call 650.542.5100, email info@broadvision.com or visit www.broadvision.com.
# # #
BroadVision, BroadVision Portal, BroadVision Process and BroadVision QuickSilver are trademarks or registered trademarks of BroadVision, Inc.
_____________
BroadVision, Inc. – about BroadVision, Inc., call 650.542.5100, email info@broadvision.com or visit www.broadvision.com.
# # #
BroadVision, BroadVision Portal, BroadVision Process and BroadVision QuickSilver are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries.
BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
Mar. 31
2004
Dec. 31
2003
ASSETS
Current
_____________
BROADVISION, INC. – broadvision.com or visit www.broadvision.com.
# # #
BroadVision, BroadVision Portal, BroadVision Process and BroadVision QuickSilver are trademarks or registered trademarks of BroadVision, Inc. in the United States and other countries.
BROADVISION, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
Mar. 31
2004
Dec. 31
2003
ASSETS
Current assets:
Cash and cash equivalents
$
76,480
$
78,776
_____________
dt 1308857
|
| Subscribers | 2004 |
News Release
News Release (20K)
Doc #250037: This document is immediately available for purchase, but does not have a preview available for viewing.
250037
|
Microsoft
As referenced in this News Release:
Microsoft Corp – handset design software for use by original equipment and design manufacturers (OEMs and ODMs). Zi also announced that it has worked closely with Microsoft Corp . to develop a new software system designed to enable Zi's eZiText and eZiTap predictive text technologies to work seamlessly with the
_____________
dt 116446
;
|
Microsoft
As referenced in this News Release:
Microsoft Corp – handset design software for use by original equipment and design manufacturers (OEMs and ODMs). Zi also announced that it has worked closely with Microsoft Corp . to develop a new software system designed to enable Zi's eZiText and eZiTap predictive text technologies to work seamlessly with the
_____________
dt 116446
|
| Preview
Subscribers | 2002 |
Doubleclick Inc. Completes Acquisition of Messagemedia
Doubleclick Inc. Completes Acquisition of Messagemedia (5K)
Doc #275534: Click preview link for longer preview.
{DOCUMENT}
{TYPE}EX-99
{SEQUENCE}3
{FILENAME}ex99-1.txt
{DESCRIPTION}EXHIBIT 99.1
{TEXT}
{PAGE}
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Jennifer Blum (Press)
212.381.5705
jblum@doubleclick.net
Brenda Fields (Investors)
212.381.5759
ir@doubleclick.net
DOUBLECLICK INC. COMPLETES ACQUISITION OF MESSAGEMEDIA
-- Acquisition Expands DoubleClick's Suite of Email Products and
Broadens Client Base --
NEW YORK, January 18, 2002 -- DoubleClick Inc. (NASDAQ: DCLK), the leading
digital marketing solutions company, today announced that it has completed its
acquisition of MessageMedia, Inc. (NASDAQ: MESG), a provider of
permission-based, email marketing and messaging solutions.
Under the terms of the merger agreement, holders of MessageMedia stock are
entitled to receive 0.01454 of a share of DoubleClick common stock for each
share of MessageMedia common stock pursuant to a fixed exchange ratio. In total,
DoubleClick will issue one million shares of common stock to complete the
exchange. Based on DoubleClick's closing price of $12.51 on January 17, 2002,
the transaction is valued at approximately $12.51 million.
The acquisition of MessageMedia allows DoubleClick to expand its suite of email
products as well as broaden its client base. This acquisition, coupled with
DoubleClick's existing broad base of products, allows the company to provide its
customers with a comprehensive suite of email solutions including both ASP and
software technologies as well as a full range of deployment and consulting
services. Over the short term, DoubleClick will evaluate the best way to
integrate MessageMedia's technologies and operations, in order to provide
maximum value to its customers.
The success of DARTmail, DoubleClick's email marketing technology, coupled with
the acquisitions of FloNetwork and MessageMedia, positions DoubleClick as a
leading provider of email marketing solutions. DoubleClick works with some of
the leading publishers, merchants and advertising agencies such as J.Crew, Crate
& Barrel, Reader's Digest, Omaha Steaks, The Wall Street Journal Online,
About.com, CMP and Payless Shoe Source.
-- more --
{PAGE}
"Email is a key initiative for DoubleClick in 2002 and the capabilities of
MessageMedia will add to our suite of solutions," said Court Cunningham, Vice
President and General Manager of DARTmail Technology, DoubleClick. "In addition,
MesageMedia's experience in the European market will assist our expansion
efforts in that region."
DoubleClick's suite of email marketing products combine the power of email and
permission-based marketing to provide an effective, integrated solution to help
online publishers, advertisers and direct marketers develop profitable lifetime
customer relationships. DoubleClick's email suite includes both the DARTmail
delivery platform and DoubleClick eMail List Services, which helps list owners
monetize their opt-in email names and which helps list renters find and target
the most responsive prospects for their email marketing efforts.
About DoubleClick Inc.
DoubleClick is building the infrastructure that makes marketing work in the
digital world. Combining media, data, research and technological expertise,
DoubleClick allows marketers to deliver the right message, to the right person,
at the right time, while helping Web publishers maximize their revenue and build
their business online. DoubleClick Inc. has global headquarters in New York City
and maintains 35 offices around the world.
This press release includes forward-looking statements, including future plans.
The results or events predicted in these statements may vary materially from
actual future events or results. Factors that could cause actual events or
results to differ from anticipated events or results include: losses of
significant customers, customer performance challenges, intense competition in
our industry, failure to manage the integration of acquired companies, lack of
growth in digital marketing, changes in government regulation and other factors
that are contained in documents filed by DoubleClick with the Securities and
Exchange Commission, including our most recent reports on Form 10-K and Form
10-Q. Also, it is DoubleClick's policy to provide such forward-looking
information at least once per quarter, but we may choose to not update that
information until the next quarter even if circumstances change.
# # #
{/TEXT}
{/DOCUMENT}
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DoubleClick
As referenced in this Doubleclick Inc. Completes Acquisition of Messagemedia:
@doubleclick. – ex99-1.txt
{DESCRIPTION}EXHIBIT 99.1
{TEXT}
{PAGE}
Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Jennifer Blum (Press)
212.381.5705
jblum@doubleclick. net
Brenda Fields (Investors)
212.381.5759
ir@doubleclick.net
DOUBLECLICK INC. COMPLETES ACQUISITION OF MESSAGEMEDIA
-- Acquisition Expands DoubleClick's Suite of Email
_____________
@doubleclick. – Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Jennifer Blum (Press)
212.381.5705
jblum@doubleclick.net
Brenda Fields (Investors)
212.381.5759
ir@doubleclick. net
DOUBLECLICK INC. COMPLETES ACQUISITION OF MESSAGEMEDIA
-- Acquisition Expands DoubleClick's Suite of Email Products and
Broadens Client Base --
NEW YORK, January 18,
_____________
DOUBLECLICK – 1
FOR IMMEDIATE RELEASE
Contact: Jennifer Blum (Press)
212.381.5705
jblum@doubleclick.net
Brenda Fields (Investors)
212.381.5759
ir@doubleclick.net
DOUBLECLICK INC. COMPLETES ACQUISITION OF MESSAGEMEDIA
-- Acquisition Expands DoubleClick's Suite of Email Products and
Broadens Client Base --
NEW YORK, January 18, 2002 -- DoubleClick
_____________
DoubleClick' – 212.381.5705
jblum@doubleclick.net
Brenda Fields (Investors)
212.381.5759
ir@doubleclick.net
DOUBLECLICK INC. COMPLETES ACQUISITION OF MESSAGEMEDIA
-- Acquisition Expands DoubleClick' s Suite of Email Products and
Broadens Client Base --
NEW YORK, January 18, 2002 -- DoubleClick Inc. (NASDAQ: DCLK), the leading
digital marketing solutions
_____________
DoubleClick – DOUBLECLICK INC. COMPLETES ACQUISITION OF MESSAGEMEDIA
-- Acquisition Expands DoubleClick's Suite of Email Products and
Broadens Client Base --
NEW YORK, January 18, 2002 -- DoubleClick Inc. (NASDAQ: DCLK), the leading
digital marketing solutions company, today announced that it has completed its
acquisition of MessageMedia, Inc. (NASDAQ: MESG), a
_____________
dt 192435
;
|
MessageMedia
As referenced in this Doubleclick Inc. Completes Acquisition of Messagemedia:
MESSAGEMEDIA
– Jennifer Blum (Press)
212.381.5705
jblum@doubleclick.net
Brenda Fields (Investors)
212.381.5759
ir@doubleclick.net
DOUBLECLICK INC. COMPLETES ACQUISITION OF MESSAGEMEDIA
-- Acquisition Expands DoubleClick's Suite of Email Products and
Broadens Client Base --
NEW YORK, January 18, 2002 -- DoubleClick Inc. (NASDAQ: DCLK), the
_____________
MessageMedia, – YORK, January 18, 2002 -- DoubleClick Inc. (NASDAQ: DCLK), the leading
digital marketing solutions company, today announced that it has completed its
acquisition of MessageMedia, Inc. (NASDAQ: MESG), a provider of
permission-based, email marketing and messaging solutions.
Under the terms of the merger agreement, holders of
_____________
MessageMedia – MessageMedia, Inc. (NASDAQ: MESG), a provider of
permission-based, email marketing and messaging solutions.
Under the terms of the merger agreement, holders of MessageMedia stock are
entitled to receive 0.01454 of a share of DoubleClick common stock for each
share of MessageMedia common stock pursuant to
_____________
MessageMedia – merger agreement, holders of MessageMedia stock are
entitled to receive 0.01454 of a share of DoubleClick common stock for each
share of MessageMedia common stock pursuant to a fixed exchange ratio. In total,
DoubleClick will issue one million shares of common stock to complete the
exchange.
_____________
MessageMedia – DoubleClick's closing price of $12.51 on January 17, 2002,
the transaction is valued at approximately $12.51 million.
The acquisition of MessageMedia allows DoubleClick to expand its suite of email
products as well as broaden its client base. This acquisition, coupled with
DoubleClick's existing
_____________
dt 185542
|
| Subscribers | 2002 |
DoubleClick Reports Strong Q4
DoubleClick Reports Strong Q4 (43K)
Doc #275536: This document is immediately available for purchase, but does not have a preview available for viewing.
{DOCUMENT}
{TYPE}EX-99
{SEQUENCE}3
{FILENAME}ex99.txt
{DESCRIPTION}EXHIBIT 99.1
{TEXT}
{Page}
[DOUBLECLICK LOGO]
INVESTOR CONTACT: Brenda Fields
Director, Investor Relations
212-381-5759
PRESS CONTACT: Jennifer Blum
Director, Public Relations
212-381-5705
DOUBLECLICK REPORTS STRONG Q4
Business delivers proforma profitability beating prior year results and guidance
New York, January 15, 2002 -- DoubleClick Inc. (Nasdaq: DCLK), the leading
global digital marketing solutions company, today announced financial results
for the fourth quarter and full year ended December 31, 2001, as well as
provided a business outlook for 2002.
DoubleClick reported revenue of $96 million for the fourth quarter of 2001, a
3.7% increase over third quarter 2001. Exclusive of certain non-cash and
non-recurring items, pro forma EPS was $0.01, versus ($0.09) in the third
quarter 2001. GAAP EPS was ($0.48) for fourth quarter 2001, and ($2.02) for the
full year 2001. Full year 2001 revenues were $406 million and pro forma EPS was
($0.24).
Total company pro forma operating expenses for the full year 2001 were $286
million, a 13% decrease over operating expenses of $329 million for the full
year of 2000, demonstrating management's tight control over expenses in 2001.
Total company headcount was 1,450 at the end of 2001, down 25% from 1,929 at the
end of 2000.
"In an extraordinary year for our industry, we built on our profitable core
businesses, closed strategic acquisitions, and retooled our operations for
greater efficiency," said Kevin Ryan, CEO of DoubleClick. "We have created a
highly focused team committed to profitability and making marketing work better
for our advertising and direct marketing clients."
{TABLE}
{CAPTION}
$000's 4Q01 3Q01 4Q00 FY01 FY00
------ ---- ---- ---- ---- ----
{S} {C} {C} {C} {C} {C}
Revenue $96,149 $92,693 $132,299 $405,647 $505,611
-------- --------- --------- --------- --------
GAAP Net Income (loss) ($64,023) ($103,463) ($104,751) ($265,828) ($155,981)
-------- --------- --------- --------- --------
GAAP EPS ($0.48) ($0.77) ($0.85) ($2.02) ($1.29)
-------- --------- --------- --------- --------
Pro Forma Net Income (loss)(A) $1,656 ($12,599) $216 ($30,957) ($13,010)
-------- --------- --------- --------- --------
Pro Forma EPS (A) $0.01 ($0.09) $0.00 ($0.24) ($0.11)
-------- --------- --------- --------- --------
{/TABLE}
--------
(A) Pro forma net income (loss) excludes amortization of intangible assets,
acquisition related non-cash compensation charges, restructuring charges
and certain non-recurring items of $65,679k, $104,967k, and $90,864k for
the three months ended Dec 31, 2001, Dec 31, 2000, and Sept 30, 2001,
respectively. For the full years ended 2001 and 2000, the pro forma net
loss excluded charges of $234,871k and $142,971k, respectively. Pro forma
information regarding DoubleClick's results from operations is provided as
a complement to results provided in accordance with generally accepted
accounting principles in the United States (GAAP). Management uses this pro
forma information in analyzing the operating performance of the business.
{Page}
Healthy Balance Sheet
The Company ended 2001 with $752 million in cash and marketable securities. The
balance sheet remains strong as of the end of 2001, with working capital of $407
million, and a net cash position of $519 million.
Bruce Dalziel, CFO of DoubleClick explained, "Volumes have stabilized, and our
cost cutting initiatives are beginning to deliver results to the bottom line. We
were cash flow positive from operations as well. We have proven that we can
manage through a difficult economy and still deliver value to shareholders. We
are very well positioned for 2002."
TechSolutions(1)
The global TechSolutions division reported revenue of $51.8 million in the
fourth quarter, an increase of 7% over third quarter 2001. 172 billion
impressions were delivered across our global DART and email platforms, an
increase of 7% over third quarter 2001. Clients such as Computer Associates,
McCann Erickson, and WWF Entertainment, Inc. have begun using DoubleClick's
leading marketing tools, joining a list of 1,925 TechSolutions' clients.
TechSolutions continued its expansion of rich media capabilities in the fourth
quarter further enabling customers to streamline the process of buying and
selling media online. DoubleClick introduced a Rich Media Vendor Certification
Program that allows both advertisers and publishers to more easily traffic,
target, serve and report on rich media ads.
"DoubleClick provides our customers with streamlined products to help them
reduce their costs," said David Rosenblatt, President of DoubleClick. "In the
year 2001 we came a long way for our advertiser clients through our rich media
functionality, media planning and buying tools, and a new Site Directory.
Advertising clients like Orbitz and Arnold Worldwide are asking us to help them
become more effective online advertisers, and we will continue to meet their
needs."
DFP clients also benefited from API (application programming interface) product
improvements for DART enabling customers to integrate their legacy systems and
meet all of their ad management needs. Publishers such as Terra Lycos, Kelley
Blue Book, Red Herring, AccuWeather and American Greetings are taking advantage
of these new offerings.
The development of DoubleClick's email product DartMail 3.0 was completed in the
fourth quarter of 2001 and all customers are now migrated onto this platform
from the former FloNetwork and DARTMail solutions. 54 new clients such as Nihon
Keizai Shimbun, Inc.(Nikkei), Brylane Inc. and Priceline joined DoubleClick's
list of 287 clients in the fourth quarter. DartMail is now poised to integrate
the acquisition of MessageMedia, Inc. and release a new campaign management
system in the first quarter 2002 that will cement DoubleClick as a leader in
email revenue and impressions delivered based on an industry leading technology
platform.
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