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SPINNAKER SOFTWARE CORPORATION RESPONDS TO DOW JONES INVESTOR REPORT; STORY INCORRECTLY LINKED STOCK RISE TO UNREALISTIC VIEWS

SPINNAKER SOFTWARE CORPORATION RESPONDS TO DOW JONES INVESTOR REPORT;
 STORY INCORRECTLY LINKED STOCK RISE TO UNREALISTIC VIEWS
 CAMBRIDGE, Mass., Feb. 7 /PRNewswire/ -- Spinnaker Software Corporation (NASDAQ: SPKR) today issued a statement in response to an article published by Dow Jones the morning of Feb. 5, 1992. E. Ronald Goldfuss, Spinnaker's chief financial officer, said, "The Dow Jones story incorrectly stated that Spinnaker linked recent gains in our stock to unrealistic revenue and earnings speculation. We emphatically do not believe that the recent interest in Spinnaker stock has any link to 'unrealistic' revenue or earnings expectations."
 "While the remainder of the Dow Jones story was correct in regard to our outlook for the next two quarters, Spinnaker remains confident of its strong growth potential for these periods on a year-to-year comparison basis," said Goldfuss. "Based upon our competitive strengths and our long-term opportunities, we had no reason to believe that our stock was overvalued." Spinnaker's long-term growth potential was expanded upon by C. David Seuss, chairman and chief executive, in an interview published Dow Jones the afternoon of Feb. 5, 1992.
 Spinnaker Software Corporation is a leading provider of personal computer software that empowers individuals to be self-sufficient in creating, accessing, integrating and communicating information.
 -0- 2/7/92
 /CONTACT: Mike Byers of Spinnaker Software, 617-494-1200, x257/
 (SPKR) CO: Spinnaker Software Corporation ST: Massachusetts IN: CPR SU:


SH -- NE003 -- 8053 02/07/92 08:38 EST
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Publication:PR Newswire
Date:Feb 7, 1992
Words:235
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