[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

Dreii guide - How to play well with othe...
Dreii is a rather stylish and wonderful puzzle game that’s reminiscent of cooperative games like Journey. If that sounds immensely appealing, then you should immediately get cracking and give it a whirl. We can offer you some tips and tricks on... | Read more »
Kill the Plumber World guide - How to ou...
You already know how to hop around like Mario, but do you know how to defeat him? Those are your marching orders in Kill the Plumber, and it's not always as easy as it looks. Here are some tips to get you started. This is not a seasoned platform... | Read more »
Planar Conquest (Games)
Planar Conquest 1.0 Device: iOS Universal Category: Games Price: $12.99, Version: 1.0 (iTunes) Description: IMPORTANT: Planar Conquest is compatible only with iPad 3 & newer devices, iPhone 5 & newer. It’s NOT compatible with... | Read more »
We talk to Cheetah Mobile about its plan...
Piano Tiles 2 is a fast-paced rhythm action high score chaser out now on iOS and Android. You have to tap a series of black tiles that appear on the screen in time to the music, being careful not to accidentally hit anywhere else. Do that and it's... | Read more »
Ultimate Briefcase guide - How to dodge...
Ultimate Briefcase is a simple but tricky game that’s highly dependent on how fast you can react. We can still offer you a few tips and tricks on how to survive though. Guess what? That’s exactly what we’re going to do now. Take it easy [Read more... | Read more »
SoundPrism Link Edition (Music)
SoundPrism Link Edition 1.0 Device: iOS Universal Category: Music Price: $4.99, Version: 1.0 (iTunes) Description: ***Introductory price for a the first few days after launch - if you're reading this, get it while it's fresh out of... | Read more »
Pre-register now for hack and slasher An...
Fincon, which won Facebook's Studio to Watch award in 2015, has announced that pre-registration is now open for the massive 3.0 update for its award-winning hack and slasher Angel Stone. Angel Stone is a post-apocalyptic action RPG in which the... | Read more »
Google has named Piano Tiles 2 as its Be...
Google has named Piano Tiles 2, which launched back in August last year, as its Best Game of 2015. If you're yet to play it, now's a good time to do so. It's a sequel to the hugely successful viral hit Piano Tiles (Don't Tap the White Tile) but... | Read more »
Sago Mini Trucks and Diggers (Education...
Sago Mini Trucks and Diggers 1.0 Device: iOS Universal Category: Education Price: $2.99, Version: 1.0 (iTunes) Description: Drive a dump truck with Rosie the hamster! Pile dirt high and dig deep in the ground with diggers, cranes and... | Read more »
Day One 2 Journal + Notes (Lifestyle)
Day One 2 Journal + Notes 2.0 Device: iOS Universal Category: Lifestyle Price: $4.99, Version: 2.0 (iTunes) Description: **New Release Sale—50% off for a Limited Time!** Capture life as you live it. From once-in-a-lifetime events to... | Read more »

Price Scanner via MacPrices.net

Watch Super Bowl 50 Live On Your iPad For Fre...
Watch Super Bowl 50 LIVE on the CBS Sports app for iPad and Apple TV. Get the app and then tune in Sunday, February 7, 2016 at 6:30 PM ET to catch every moment of the big game. The CBS Sports app is... Read more
Two-thirds Of All Smart Watches Shipped In 20...
Apple dominated the smart watch market in 2015, accounting for over 12 million units and two-thirds of all shipments according to Canalys market research analysts’ estimates. Samsung returned to... Read more
12-inch 1.2GHz Retina MacBooks on sale for up...
B&H Photo has 12″ 1.2GHz Retina MacBooks on sale for $180 off MSRP. Shipping is free, and B&H charges NY tax only: - 12″ 1.2GHz Gray Retina MacBook: $1499 $100 off MSRP - 12″ 1.2GHz Silver... Read more
12-inch 1.1GHz Gray Retina MacBook on sale fo...
B&H Photo has the 12″ 1.1GHz Gray Retina MacBook on sale for $1199 including free shipping plus NY sales tax only. Their price is $100 off MSRP, and it’s the lowest price available for this model... Read more
Apple now offering full line of Certified Ref...
Apple now has a full line of Certified Refurbished 2015 21″ & 27″ iMacs available for up to $350 off MSRP. Apple’s one-year warranty is standard, and shipping is free. The following models are... Read more
Free GUI Speedometer – The Ultimate Digital D...
Miami, Florida based RMKapps has announced the official release of GUI Speedometer 1.0, their digital dashboard display developed for iOS devices. GUI Speedometer allows users to track their precise... Read more
FutureCalc: Ergonomic iOS Calculator App For...
London, United Kingdom based Independent software developer and entrepreneur, Hovik Melikyan has announced the release and immediate availability of FutureCalc 1.0, his new ergonomic calculator app... Read more
Save up to $600 with Apple refurbished Mac Pr...
Apple has Certified Refurbished Mac Pros available for up to $600 off the cost of new models. An Apple one-year warranty is included with each Mac Pro, and shipping is free. The following... Read more
Apple’s ‘Next Big Thing’ Drought And Mature M...
Apple’s first fiscal quarter 2016 financial results yielded both good news and bad news. In the positive column, Apple made another boatload of money, reporting record quarterly revenue of $75.9... Read more
Lifeproof NUUD For iPhone 6S, iPhone 6S Plus...
LifeProof NUUD was designed to defy more than the elements. It defies logic itself by combining legendary four-proof protection and screenless technology to survive mountaintop missions and seaside... Read more

Jobs Board

*Apple* Macintosh OSX - Net2Source Inc. (Uni...
…: * Work Authorization : * Contact Number(Best time to reach you) : Skills : Apple Macintosh OSX Location : New York, New York. Duartion : 6+ Months The associate would Read more
Computer Operations Technician ll - *Apple*...
# Web Announcement** Apple Technical Liaison**The George Mason University, Information Technology Services (ITS), Technology Support Services, Desktop Support Read more
Restaurant Manager - Apple Gilroy Inc./Apple...
…in every aspect of daily operation. WHY YOU'LL LIKE IT: You'll be the Big Apple . You'll solve problems. You'll get to show your ability to handle the stress and Read more
Simply Mac *Apple* Specialist- Service Repa...
Simply Mac is the largest premier retailer of Apple products in the nation. In order to support our growing customer base, we are currently looking for a driven Read more
*Apple* IOS / OS X Level 3 Support Analyst -...
Needed: Apple Support Analyst (OS X / IOS); 50k-60k/yr +…Horizon Technology Partners has an immediate opening for an Apple IOS / OS X LEVEL 3 Support Analyst. Your Read more
All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.