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SIERRA ANNOUNCES GREATER THAN ANTICIPATED LOSSES

 OAKHURST, Calif., April 22 /PRNewswire/ -- Sierra On-Line Inc. (NASDAQ: SIER) reported today that, despite an expected increase of approximately 30 percent in total revenues in the last quarter of fiscal 1993 as compared to the last quarter of fiscal 1992, it expects a loss for the quarter just completed which will be significantly greater than previously anticipated. The company expects that revenues for fiscal 1993 will be approximately $50 million, an increase of roughly 17 percent over fiscal 1992, and that the net loss will also be significantly greater than previously anticipated. The increase in total revenues came primarily from increased sales by Sierra's subsidiaries Dynamix (simulations and sports products) and The Sierra Network. The higher than anticipated losses resulted primarily from reductions in the overall amount of deferred software development costs, substantially increased spending on The Sierra Network and significantly greater research and development costs.
 -0- 4/22/93
 /CONTACT: Richard A. Gelhaus, executive VP-finance and operations of Sierra On-Line, 209-683-2598; or Eugene G. Heller of Silverman, Heller Associates, 310-208-2550, for Sierra On-Line/
 (SIER)


CO: Sierra On-Line Inc. ST: California IN: CPR SU: ERP

EH -- LA016 -- 9232 04/22/93 09:26 EDT
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Publication:PR Newswire
Date:Apr 22, 1993
Words:194
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