[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

Cocktail 8.1.2 - General maintenance and...
Cocktail is a general purpose utility for OS X that lets you clean, repair and optimize your Mac. It is a powerful digital toolset that helps hundreds of thousands of Mac users around the world get... Read more
Cyberduck 4.6.4 - FTP and SFTP browser....
Cyberduck is a robust FTP/FTP-TLS/SFTP browser for the Mac whose lack of visual clutter and cleverly intuitive features make it easy to use. Support for external editors and system technologies such... Read more
Herald 5.0.2 - Notification plugin for M...
Note: Versions 2.1.3 (for OS X 10.7), 3.0.6 (for OS X 10.8), and 4.0.8 (for OS X 10.9) are no longer supported by the developer. Herald is a notification plugin for Mail.app, Apple's Mac OS X email... Read more
DEVONthink Pro 2.8.3 - Knowledge base, i...
Save 10% with our exclusive coupon code: MACUPDATE10 DEVONthink Pro is your essential assistant for today's world, where almost everything is digital. From shopping receipts to important research... Read more
Boom 2 1.0.1 - System-wide pro audio app...
Boom 2 is a system-wide volume booster and equalizer app that is designed especially for OS X 10.10 Yosemite. It comes with a smart interface, self-calibrates itself according to your Mac, offers... Read more
Apple Security Update 2015-001 - For OS...
Apple Security Update 2015-001 is recommended for all users and improves the security of OS X. For detailed information about the security content of this update, please visit: http://support.apple.... Read more
Drive Genius 4.0.1 - Powerful system uti...
Drive Genius 4 gives you faster performance from your Mac while also protecting it. The award-winning and improved DrivePulse feature alerts you to hard drive issues before they become major problems... Read more
Yosemite Cache Cleaner 9.0.3 - Clear cac...
Yosemite Cache Cleaner is an award-winning general purpose tool for OS X. YCC makes system maintenance simple with an easy point-and-click interface to many OS X functions. Novice and expert users... Read more
xScope 4.1.1 - Onscreen graphic measurem...
xScope is powerful set of tools that are ideal for measuring, inspecting, and testing on-screen graphics and layouts. Its tools float above your desktop windows and can be accessed via a toolbar,... Read more
OS X Yosemite 10.10.2 - Apple's lat...
OS X Yosemite is Apple's newest operating system for Mac. An elegant design that feels entirely fresh, yet inherently familiar. The apps you use every day, enhanced with new features. And a... Read more

Unlock Sunshine Girl in Ironkill with th...
Unlock Sunshine Girl in Ironkill with this special 148Apps code Posted by Rob Rich on January 29th, 2015 [ permalink ] Robo-fighter Ironkill has been out on iOS a | Read more »
Crossroad Zombies Review
Crossroad Zombies Review By Jordan Minor on January 29th, 2015 Our Rating: :: CROSSWALKING DEADiPad Only App - Designed for the iPad Crossroad Zombies is a rough draft of a cool genre mash-up.   | Read more »
Blood Brothers 2 – Tips, Cheats, and Str...
War is hell: Is it the kind of hell you want to check out? Read our Blood Brothers 2 review to find out! Blood Brothers 2, DeNA’s follow-up to the original Blood Brothers, is an intriguing card collecting / role-playing / strategy hybrid. There’s... | Read more »
Blood Brothers 2 Review
Blood Brothers 2 Review By Nadia Oxford on January 29th, 2015 Our Rating: :: AN AGGRAVATING RELATIVEUniversal App - Designed for iPhone and iPad Blood Brothers 2 is built on a simple, solid foundation, but its free-to-play system... | Read more »
I AM BREAD, the Toast of the Town, is Ro...
Have you ever dreamt of being deliciously gluten-y? Do you feel passionate about Rye and Wheat? The guys at Bossa Studios do and that is why they are bringing I AM BREAD to iOS soon. The loafy app will feature all the new content that is being... | Read more »
Fahrenheit: Indigo Prophecy Remastered R...
Fahrenheit: Indigo Prophecy Remastered Review By Jennifer Allen on January 29th, 2015 Our Rating: Universal App - Designed for iPhone and iPad 10 years after its initial release and Fahrenheit: Indigo Prophecy still feels like a... | Read more »
Evolve: Hunters Quest is a Match-3 That...
Evolve: Hunters Quest is a Match-3 That Has You Hunting Up Some Big Game. Posted by Jessica Fisher on January 29th, 2015 [ permalink ] | Read more »
Destructamundo Review
Destructamundo Review By Jordan Minor on January 29th, 2015 Our Rating: :: WRECKING CREWUniversal App - Designed for iPhone and iPad Destructamundo blows up real good.   | Read more »
The Sandbox Gets Exclusive Update, Adds...
The Sandbox Gets Exclusive Update, Adds Invincible Characters Campagin Posted by Tre Lawrence on January 29th, 2015 [ permalink ] | Read more »
Mean Girls: The Game Review
Mean Girls: The Game Review By Jordan Minor on January 29th, 2015 Our Rating: :: FETCHUniversal App - Designed for iPhone and iPad A Mean Girls tower defense game makes way more sense than you’d think.   | Read more »

Price Scanner via MacPrices.net

Back in stock: Refurbished iPod nanos for $99...
The Apple Store has Apple Certified Refurbished 16GB iPod nanos available for $99 including free shipping and Apple’s standard one-year warranty. That’s $50 off the cost of new nanos. Most colors are... Read more
New Good Management Suite Simplifies Enterpri...
Good Technology has announced the availability of the Good Management Suite, a comprehensive cross-platform solution for organizations getting started with mobile business initiatives. Built on the... Read more
15-inch 2.0GHz Retina MacBook Pro (refurbishe...
The Apple Store has Apple Certified Refurbished previous-generation 15″ 2.0GHz Retina MacBook Pros available for $1489 including free shipping plus Apple’s standard one-year warranty. Their price is... Read more
15-inch 2.5GHz Retina MacBook Pro on sale for...
Amazon has the 15″ 2.5GHz Retina MacBook Pro on sale for $2319.99 including free shipping. Their price is $180 off MSRP, and it’s the lowest price available for this model from any reseller. Read more
iPad Turns Five – The ”Book Mystique
Five years ago this week, the late Steve Jobs took the stage at an Apple special press event to unveil the first Apple iPad — a slab-shaped, hand-holdable device that was to shake the personal... Read more
Sale! 15-inch Retina MacBook Pros for up to $...
B&H Photo has the new 2014 15″ Retina MacBook Pros on sale for $150 off MSRP for a limited time. Shipping is free, and B&H charges NY sales tax only: - 15″ 2.2GHz Retina MacBook Pro: $1889.99... Read more
Apple refurbished Mac minis for up to $150 of...
The Apple Store has restocked Apple Certified Refurbished 2014 Mac minis, with models available starting at $419. Apple’s one-year warranty is included with each mini, and shipping is free: - 1.4GHz... Read more
Apple Releases New Tranche Of OS Updates For...
Apple has released incremental bugfix and security updates for its most recent Mac and iOS versions. OS X Yosemite 10.10.2 Update Apple says this update includes the following improvements: Resolves... Read more
Samsung To Be Main Supplier Of A9 Chips For i...
Korea’s Maeil Business Newspaper reports that Samsung has beat out its chipmaking rivals, Taiwan’s Qualcomm and TSMC, as supplier of chipsets for the next generations of both its own Galaxy S6 and... Read more
Save up to $340 on iMacs with Apple Certified...
The Apple Store has Apple Certified Refurbished iMacs available for up to $340 off the cost of new models. Apple’s one-year warranty is standard, and shipping is free. These are the best prices on... Read more

Jobs Board

*Apple* Systems Engineer - Pre Sales, Educat...
…is responsible for proactively providing technical expertise to drive sales of Apple solutions into assigned accounts. The SE architects, validates, and assists in Read more
*Apple* Solutions Consultant - Retail Sales...
As an ambassador of the Apple brand, the ASC is accountable for driving sales performance by: Connecting with customers. Discovering customers' needs and values. Showing Read more
*Apple* Solutions Consultant - Retail Sales...
As an ambassador of the Apple brand, the ASC is accountable for driving sales performance by: Connecting with customers. Discovering customers' needs and values. Showing Read more
*Apple* Tree Children's Center is hirin...
Apple Tree Learning Center is Hiring Preschool Teachers! Phoenix Childrens Academy is a national leader in the early childhood education industry and we are currently Read more
*Apple* Solutions Consultant - Retail Sales...
**Job Summary** As an Apple Solutions Consultant (ASC) you are the link between our customers and our products. Your role is to drive the Apple business in a retail Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.