[MD1] Metrowerks' 4th Qtr FY98 Results
TweetFollow Us on Twitter

[MD1] Metrowerks' 4th Qtr FY98 Results

Metrowerks Announces Results for the Fourth Quarter and Fiscal Year Ended
July 31, 1998

AUSTIN, Texas-August 20, 1998 - Metrowerks Inc. (NASDAQ: MTWKF,
TSE/ME:MWK), a leading provider of software development tools for desktop
and embedded systems, today announced its results of operations for the
fourth quarter (Q4FYJuly98) and year ended July 31, 1998.

Revenues for Q4FYJuly98 totaled $5.1 million compared to revenues in
Q4FYJuly97 of $6.2 million. Product sales for Q4FYJuly98 were $4.9 million,
or 97% of total sales, compared to product sales of $5.0 million in
Q4FYJuly97, or 80% of total sales. Revenues from the embedded market
represented 56% of revenues for Q4FYJuly98 compared to 35% for Q4FYJuly97.
The Company recorded a net loss of $2.0 million ($0.15 per share) for
Q4FYJuly98 compared to a net loss of $3.2 million ($0.25 per share) in
Q3FYJuly98. In Q4FY July 97, the company recorded net income of $155,000
($0.01 per share).

Revenues for the year ended July 31, 1998 totaled $19.1 million, an
increase of 4% over revenues for the year ended July 31,1997 of $18.3
million. The Company recorded a net loss for the year ended July 31, 1998
of $5.9 million ($0.48 per share) compared to a net loss of $6.0 million
($0.52 per share) for the year ended July 31, 1997. The Company had a cash
balance of $7.1 million at July 31, 1998.

The quarterly and annual results for 1997 are audited while the quarterly
and annual results for 1998 are unaudited. The Company does not anticipate
any changes for the audited Fiscal 1998 results.

Business Highlights

In Q4FYJuly98, Metrowerks made significant progress in penetrating its key
target markets: telecom/datacom and the consumer embedded market.

* Significant telecom/datacom sales in Q4FYJuly98 included major sales to
Newbridge Networks for use across their TDM Division, for their Test &
Measurement Group and for Cambrian Systems Corporation, a Newbridge
affiliate.

* In Q4, Metrowerks also made a significant follow-on sale to its most
important telecom customer to date, AG Communications Systems, a subsidiary
of Lucent Technologies.

In Q4FYJuly98, Metrowerks entered into its second licensing arrangement
whereby Metrowerks has granted a specific platform vendor exclusive license
and distribution rights to certain tools at a guaranteed minimum annual
rate. CodeWarrior was also chosen as the official tool chain for Nintendo
64 by Nintendo Japan, with CodeWarrior for Nintendo 64 expected to ship in
Q1FYJuly99.

The Company reorganized its sales team effective August 1, 1998 to focus on
the significant OEM opportunities that exist for its CodeWarrior line of
products. Mr. David Perkins, formerly SVP Business Development & Sales, is
now SVP, OEM Licensing. Mr. Don Lindsay was promoted to VP, North American
Sales. Mr. Harald Lotz was hired to a new position, VP International Sales
and will join the company September 1, 1998. Mr. James Walker moves from VP
Operations to VP Inside Sales. This expanded sales team will be able to
focus their selling efforts immediately on the number of new or updated
CodeWarrior products that have been developed through the Company's heavy
investments in R&D, especially those made during the past two years.

In Q1FYJuly99, Metrowerks expects to begin shipping five new products
including CodeWarrior for VxWorks, CodeWarrior for Nintendo 64, CodeWarrior
for V8xx, Discover Programming for Motorola DSP and Solaris-hosted Java
tools. In addition, the company will ship new versions of existing products
including CodeWarrior Professional Release 4, CodeWarrior for PlayStation
Release 5 and CodeWarrior for PowerPC Release 4.

Also in Q1FyJuly99, Metrowerks expects to begin shipping a new product,
Metrowerks IMPACT, which is the result of an acquisition of the TracePoint
performance analysis tools technology from Digital Equipment Corporation.
Initially, Metrowerks IMPACT will include profiling and code coverage tools
for Windows x/86, while subsequent product releases will be ported to
embedded platforms.

"It's clear that the strategic changes in our product line over the past
two years have consumed a significant amount of our energy and capital,"
said Jean Belanger, Metrowerks' CEO and Chairman. "To be successful, we
needed to deploy a wide range of products which we have finally done. The
adoption of CodeWarrior by several established companies in the embedded
market is validating this deployment. With high quality products and a
restructured sales force, we are now in a position to execute on our sales
strategy."

This release, other than historical financial information, may consist of
forward-looking statements that involve risks and uncertainties. These
statements may differ materially from actual future events or results. For
instance, factors which could cause results to differ from future events
include the state of the Mac OS tools market, the timing of product
deliveries, competitive pricing actions and marketing programs, among
others. Additional information on these and other factors which could
affect the Company's financial results are included in the Company's 1997
annual report to shareholders and most recent quarterly reports on file
with the Securities and Exchange Commission.

(Earnings Table can be accessed at http://www.metrowerks.com/finance/)

About Metrowerks Founded in 1985, Metrowerks develops, markets and supports
CodeWarrior software development solutions for a number of operating
systems targeting the most popular microprocessors. Intended for use for
embedded systems or desktop computers, the cross-platform compilers support
C, C++, Java, and Object Pascal, and allow programmers to build
applications for a number of different target platforms, all from one
unique Integrated Development Environment (IDE). Metrowerks' CodeWarrior
products are used by more than 100,000 registered users in 75 countries.

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

NTFS 14.3.318 - $19.95
This latest version supports the new macOS 10.12 Sierra! NTFS breaks down the barriers between Windows and OS X. Paragon NTFS effectively solves the communication problems between the Mac system and... Read more
iFFmpeg 6.2.2 - Convert multimedia files...
iFFmpeg is a comprehensive media tool to convert movie, audio and media files between formats. The FFmpeg command line instructions can be very hard to master/understand, so iFFmpeg does all the hard... Read more
ForeverSave 2.1.6 - Universal auto-save...
ForeverSave auto-saves all documents you're working on while simultaneously doing backup versioning in the background. Lost data can be quickly restored at any time. Define your preferred time... Read more
BetterTouchTool 1.961 - Customize Multi-...
BetterTouchTool adds many new, fully customizable gestures to the Magic Mouse, Multi-Touch MacBook trackpad, and Magic Trackpad. These gestures are customizable: Magic Mouse: Pinch in / out (zoom... Read more
EtreCheck 3.1.4 - For troubleshooting yo...
EtreCheck is an app that displays the important details of your system configuration and allow you to copy that information to the Clipboard. It is meant to be used with Apple Support Communities to... Read more
Together 3.7 - Store and organize all of...
Together helps you organize your Mac, giving you the ability to store, edit and preview your files in a single clean, uncluttered interface. Features Smart storage. With simple drag-and-drop... Read more
Together 3.7 - Store and organize all of...
Together helps you organize your Mac, giving you the ability to store, edit and preview your files in a single clean, uncluttered interface. Features Smart storage. With simple drag-and-drop... Read more
EtreCheck 3.1.4 - For troubleshooting yo...
EtreCheck is an app that displays the important details of your system configuration and allow you to copy that information to the Clipboard. It is meant to be used with Apple Support Communities to... Read more
Postbox 5.0.9 - Powerful and flexible em...
Postbox is a new email application that helps you organize your work life and get stuff done. It has all the elegance and simplicity of Apple Mail, but with more power and flexibility to manage even... Read more
DiskCatalogMaker 6.5.16 - Catalog your d...
DiskCatalogMaker is a simple disk management tool which catalogs disks. Simple, light-weight, and fast. Finder-like intuitive look and feel. Super-fast search algorithm. Can compress catalog data... Read more

Latest Forum Discussions

See All

Enneas Saga lets you lead your own demon...
Defend the land of Enneas Continent from the forces of evil in the new fantasy MMORPG from Lyto Mobi: Enneas Saga. Can’t wait? No problem. It’s available to download now on Android devices. | Read more »
Great zombie games in the spirit of Dead...
Dead Rising 4 arrives tomorrow, giving enthusiasts a fresh chance to take selfies with zombies and get up to other ridiculous end-of-the-world shenanigans. To really get into the spirit of things, we've gone and gathered the best zombie games that... | Read more »
Amateur Surgeon 4 Guide: Advanced tips a...
Amateur Surgeon 4 is still tackling the competition at the top of the App Store charts, so if you haven't tried it out yet, you should probably do that right away. If you've been at it for a while, though, perhaps you're ready to start expanding... | Read more »
Amateur Surgeon 4 Guide: Become the worl...
It's time to wield your trusty pizza cutter again, as Amateur Surgeon has returned with a whole fresh set of challenges (and some old, familiar ones, too). Starting anew isn't easy, especially when all you have at your disposal is a lighter, the... | Read more »
Le Parker: Sous Chef Extraordinaire (Ga...
Le Parker: Sous Chef Extraordinaire 1.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: | Read more »
Telltale Games really is working on a Gu...
Telltale Games' next episodic adventure is indeed Guardians of the Galaxy. A document tied to the voice actors strike suggested that the project was in the work, but now we have direct confirmation following an announcement at the Game Awards that... | Read more »
Amateur Surgeon returns to iOS and Andro...
Amateur Surgeon and its two sequels disappeared from the App Store some time and it was sad days for all. But now, just in time for the holidays, the Adult Swim favorite makes its joyous return in the shape of Amateur Surgeon 4, a remake with... | Read more »
The best board games on mobile
Sometimes you need to ditch all of the high speed, high action games in favor of something a little more traditional. If you don't feel like parting ways from your mobile device, though, there are still plenty of ways to get that old-school fix.... | Read more »
The best Facebook Messenger Instant Game...
Facebook's new Instant Games is now here, meaning you can play games with your friends directly via Facebook. It's a fun new way to connect with friends, of course, but it's also proving to be a solid gaming experience in its own right, with a... | Read more »
You can now play game's on Facebook...
Facebook launched its new Instant Games platform in an exciting new attempt to engage its user base. As a result, you can now play a number of different games directly through Facebook Messenger. All of these games run with HTML5, meaning you play... | Read more »

Price Scanner via MacPrices.net

Slate Tablet Market Share to Fall Below 75% i...
After two years of decline, the tablet market is showing signs of new life as productivity trumps entertainment, and tablets become cost-effective computing devices for both entertainment and... Read more
Yostand Launches Indigogo campaign for iStand...
China-based startup Yostand (meaning ‘your stand’), has announced the launch of its Indigogo campaign for their newly awaited iStand7. This product is a one of a kind iPhone battery case that offers... Read more
Green App – Budget Forecasting Now Available...
Indianapolis, Indiana based CoopToons has announced the release of Green – Budget Forecasting 1.5, an update to their personal budgeting app developed exclusively for iOS devices. Green aims to be a... Read more
New 2016 13-inch 2.0GHz MacBook Pros in stock...
Overstock.com has the non-Touch Bar 13″ MacBook Pros in stock today for $150 off MSRP. Shipping is free: - 13″ 2.0GHz MacBook Pro Space Gray (MLL42LL/A): $1349.99 $150 off MSRP - 13″ 2.0GHz MacBook... Read more
15-inch 2.6GHz Silver Touch Bar MacBook Pro o...
Adorama has the new 2016 15″ 2.6GHz Silver Touch Bar MacBook Pro (MLW72LL/A) in stock and available for $2349 including free shipping. Adorama charges sales tax in NY & NJ only. Their price is $... Read more
13-inch MacBook Airs on sale for up to $180 o...
Overstock.com has 13″ MacBook Airs on sale for up to $180 off MSRP including free shipping: - 13″ 1.6GHz/128GB MacBook Air (MMGF2LL/A): $869.99 $130 off MSRP - 13″ 1.6GHz/256GB MacBook Air (sku... Read more
13-inch 2.5GHz MacBook Pro (Apple refurbished...
Apple has Certified Refurbished 13″ 2.5GHz MacBook Pros (MD101LL/A) available for $829, or $270 off original MSRP. Apple’s one-year warranty is standard, and shipping is free: - 13″ 2.5GHz MacBook... Read more
Monday roundup of Holiday Mac sales: Up to $3...
Take up to $300 off MSRP on the price of a new Apple Mac at B&H Photo today as part of their Holiday sale. Shipping is free, and B&H charges NY sales tax only. Touch Bar MacBook Pros are in... Read more
12-inch WiFi Apple iPad Pros on sale for up t...
B&H Photo has 12″ WiFi Apple iPad Pros on sale for up to $50 off MSRP, each including free shipping. B&H charges sales tax in NY only: - 12″ Space Gray 32GB WiFi iPad Pro: $749 $50 off MSRP... Read more
9-inch Apple WiFi iPad Pros on sale for $20-$...
B&H Photo has 9.7″ Apple WiFi iPad Pros on sale for $20-$50 off MSRP, each including free shipping. B&H charges sales tax in NY only: - 9″ Space Gray 256GB WiFi iPad Pro: $779.95 $20 off MSRP... Read more

Jobs Board

*Apple* Retail - Multiple Positions - Apple,...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
Lead *Apple* Solutions Consultant - Apple (...
# Lead Apple Solutions Consultant Job Number: 53586123 Pittsburgh, Pennsylvania, United States Posted: Nov. 28, 2016 Weekly Hours: 40.00 **Job Summary** The Lead ASC Read more
*Apple* Retail - Multiple Positions- Plano,...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Retail - Multiple Positions- Kansas...
Job Description:SalesSpecialist - Retail Customer Service and SalesTransform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
*Apple* Retail - Multiple Positions- Chicago...
Job Description: Sales Specialist - Retail Customer Service and Sales Transform Apple Store visitors into loyal Apple customers. When customers enter the store, Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.