CrossWorlds Confirms July 20, 2000 Announcement of Second Quarter Results; Corrects Public Statement in European Press.Business Editors BURLINGAME, Calif.--(BUSINESS WIRE)--July 3, 2000 CrossWorlds Software, Inc. (Nasdaq:CWLD), an e-business infrastructure software provider, today confirmed that it intends to report second quarter earnings on July 20, 2000, with corresponding conference call at 2:00 p.m. PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT . Although its quarter has just closed and final results for the second quarter are not yet finalized See finalization. , the company preliminarily expects that its financial results will meet or exceed market expectations. Additionally, CrossWorlds announced a correction of certain statements in the June 28, 2000 publication of Computergram arising out of an interview with a CrossWorlds employee. Statements related to the company's performance during the quarter ended June 30, 2000, and future profitability and its timing are not endorsed by CrossWorlds and should not be relied upon. ABOUT CROSSWORLDS SOFTWARE, INC. CrossWorlds is an e-business infrastructure software provider that integrates internal operations and extends these operations over the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the . CrossWorlds' products help traditional and emerging businesses to leverage the Internet as a platform to increase productivity, improve responsiveness to customer demands and enhance overall competitiveness. The company's customers include industry-leading companies such as Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar , Caterpillar/Solar Turbines, Delphi Automotive, DuPont, Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , Roche Group, Siemens AG Siemens AG German electrical-equipment manufacturer. The first Siemens company, Siemens & Halske, was founded in Berlin in 1847 to build telegraph installations. , US WEST and Whirlpool whirlpool, revolving current in an ocean, river, or lake. It may be caused by the configuration of the shore, irregularities in the bottom of the body of water, the meeting of opposing currents or tides, or the action of the wind upon the water. Corp. CrossWorlds (Nasdaq:CWLD) is based in Burlingame. Additional information can be found at www.crossworlds.com. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, in particular statements concerning CrossWorlds' future operating results, profitability and the timing of profitability. These events are subject to a variety of risks and uncertainties that could cause actual results to vary substantially from the statements made in this release. Such risks and uncertainties include, but are not limited to, CrossWorlds's historical and expected future losses, limited operating history from which to predict future operating results, fluctuations in quarterly operating results, and product development risks that could delay the release of products to the market. Further information regarding these and other risks is included in CrossWorlds's prospectus dated June 1, 2000. |
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