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QUARTERDECK OFFICE SYSTEMS ANNOUNCES EARNINGS PROJECTIONS

 QUARTERDECK OFFICE SYSTEMS ANNOUNCES EARNINGS PROJECTIONS
 SANTA MONICA, Calif., July 1 /PRNewswire/ -- Quarterdeck Office Systems Inc. (NASDAQ: QDEK) announced today it expects net sales for the third fiscal quarter ended June 30, 1992, to approximate $12.0 million and net earnings to approximate 3 to 5 cents per share. In the year earlier period net sales were $11.6 million with net earnings of $2.7 million (14 cents per share).
 Net sales in the 1992 second fiscal quarter totaled $14 million. Quarterdeck attributed the third quarter decline to a substantial drop in sales of its DESQview multitasking software, as well as slightly lower sales of its memory management products. Sales for its newly introduced DESQview/X software are ramping up as planned, with sales in the quarter slightly in excess of $2 million.
 "We saw tremendous competitive pressures in the quarter -- both marketing and pricing -- that slowed sales of our DESQview and DESQview 386 multitasking software," said Therese E. Myers, Quarterdeck's president and chief executive officer. "We believe that, as the public has time to re-evaluate the benefits of DESQview, sales will rebound. We continue to be pleased with the response to DESQview/X, both from trade press reviews and end user acceptance."
 The company said costs and expenses for the quarter should be as planned, with an approximate 8 percent increase, compared with the 1992 second fiscal quarter, in selling, general and administrative expenses and approximately $800,000 of software amortization expenses relating primarily to DESQview/X.
 The company indicated it intends to release final sales and earnings figures for the third fiscal quarter on July 27, 1992.
 Myers also noted that during the quarter, Quarterdeck accepted with regret the resignation of Benjamin M. Rosen as a director. Rosen advised the company that his other duties, particularly his enhanced commitment to Compaq Computer Corp., prevented him from continuing to serve as a director.
 Quarterdeck is a technology leader in the development of software products that enhance the performance of DOS-based personal computer hardware and software. The company develops, markets and supports multitasking, windowing and memory management software designed to bring cost-effective computing solutions to business and professional PC users.
 -0- 7/1/92
 /CONTACT: Ronald B. Hammond, VP Finance of Quarterdeck Office Systems, 310-314-3232; or Cecilia A. Wilkinson of Pondel Parsons & Wilkinson, 310-207-9300, for Quarterdeck/ (QDEK) CO: Quarterdeck Office Systems Inc. ST: California IN: CPR SU: ERP


EH-KJ -- LA006 -- 5518 07/01/92 09:04 EDT
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Publication:PR Newswire
Date:Jul 1, 1992
Words:408
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