Sequent Reports Fourth Quarter/Fiscal 1998 Results.BEAVERTON, Ore.--(BUSINESS WIRE)--Jan. 28, 1999--Sequent Computer Systems (Nasdaq:SQNT SQNT Sequent Computer Systems (stock symbol) ) today reported net income of $2.2 million ($0.05 per share) on revenue of $214.0 million for the fourth quarter of 1998, ended Jan. 2. For fiscal 1998 the company reported revenue of $784.2 million and a loss of $52.5 million ($1.21 per share), including a second-quarter restructuring charge of $62.9 million ($0.99 per share) reduced by third- and fourth-quarter estimate revisions of $1.5 million. A year ago, the company reported a fourth quarter profit of $19.1 million ($0.45 per share basic/$0.42 per share diluted) on revenue of $258.5 million and a fiscal 1997 profit of $38.7 million ($1.02 per share basic/$0.95 per share diluted) on revenue of $833.9 million. Sequent's 1998 results reflect the impact of a substantial falloff fall·off n. A reduction or decrease: a falloff in car sales. Noun 1. falloff - a noticeable deterioration in performance or quality; "the team went into a slump"; "a gradual slack in in sales to a single customer beginning in the second quarter. In mid-June, the company restructured its operations and has since focused on building backlog, revamping its business strategy and broamanagement's goals and expectations, according fitability going forward. I believe we have made progress toward that goal and are better positioned to smoo John McAdam, president and chief operating ofred industry-leading TPC (Transaction Processing Performance Council, San Francisco, CA, www.tpc.org) An organization devoted to benchmarking transaction processing systems. In order to derive the number of transactions that can be processed in a given time frame, TPC benchmarks measure the total performance of benchmark results, highlighting the superior price/performance of our Xeon-based NU new line of NUMA-Q 1000 servers, scalable fromIntel-based NUMA (Non-Uniform Memory Access) A multiprocessing architecture in which memory is separated into close and distant banks. NUMA is similar to SMP, in which multiple CPUs share a single memory. However, in SMP, all CPUs access a common memory at the same speed. architecture down to the midrange of the server market. Like our high-end NUMA-Q 2000 servernned upgrades for its IA-32 products up to and th IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Intel and SCO (The SCO Group, Lindon, UT, www.sco.com) A leading vendor of Unix operating systems for the x86 platform. SCO had also offered Linux, but abandoned the line in the spring of 2003. The SCO Group is the combination of two companies: Utah-based Caldera, Inc. on `Project Monterey,' to jointly develop a 64-bit version of UNIX UNIX Operating system for digital computers, developed by Ken Thompson of Bell Laboratories in 1969. It was initially designed for a single user (the name was a pun on the earlier operating system Multics). for the Intel arcm IBM's AIX (Advanced Interactive eXecutive) IBM's Unix-based operating system which runs on its Intellistation workstations and pSeries, p5, iSeries and i5 server families. OS for IA-32 and enabling the support of IBM software, including web applications, middleware an4 UNIX we are co-developing with IBM. All of these efforts are critical elements of our technology roadmap industry-standard version of UNIX on Intel, our collaborative efforts with Microsoft are moving steadily towto say that while these developments represent s it attempts to ramp sales during 1999. Forward-Looking Statements Information in this press release relating to the company's expectations as to future resultsnd Exchange Commission for a discussion of some orward-looking statements. About Sequent Comptomers. Sequent's platform architectures and services are optimized for the scalability, availability and manageability requirements of corporate and institutional data st-in-class partnerships. Sequent supports00 or 800/257-9044, or visit our Web site at ww 1998 1999 1998 Reven$ 0.05 $ 0.45 $ (1.21) $ 1.02 demarks of Sequent Computer Systems. All other brand and product names appearing in this release are acknowledged to be registered trademarks or trademarks of their respective holders. |
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