Broadvision Inc.
BroadVision Inc. english
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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REDWOOD CITY, Calif. – July 25, 2001 – BroadVision, Inc. (Nasdaq: BVSN, Neuer
Markt: BDN), a leading provider of personalized e-business applications, today
reported financial results for the quarter ended June 30, 2001.
Quarter ended Q2-01 Quarter ended Q2-00 Quarter ended Q1-01
(pro Forma) (pro Forma)
Revenues $57.4 Million $95.3 Million. $91.1 Million
Net income (Loss)* ($53.1 Million) $10.6 Million ($38.9 Million)
Diluted Earnings
(Loss) per share ($0,19) $0,04 ($0,14)
* excluding amortization of goodwill and acquired technology, the charge for
acquired in-process technology and reorganization costs
For the six-month period ended June 30, 2001, revenues were $148.6 million
compared to revenues of $156.8 million for the six-month period ended June 30,
2000. Pro forma net loss for the six-month period ended June 30, 2001 was $91.9
million (pro forma net income of $20.7 million for the first 6 months of 2000)
or $0.34 ($0.07) per share on a basic and diluted basis.
As a result of the continued reserved IT-spending-conditions, BroadVision is
taking further steps to control costs, including an additional workforce
reduction of approximately 15-20% of the company’s workforce of approximately
1,500 at June 30, 2001. The company anticipates that these reductions, combined
with the consolidation of various offices and other cost control programs, will
be completed during the third quarter.
Additionally, for the quarter ended June 30, 2001, the company recorded a
previously announced restructuring charge for severance costs due to recent
reductions in force, the consolidation and realignment of real estate and other
restructuring-related costs of approximately $123 million. The real estate
assumptions underlying this charge will be reviewed on a quarterly basis in
accordance with generally accepted accounting principles and adjustments, if
needed, will be made accordingly. Also, the company expects to incur a
restructuring charge in the third quarter, substantially below the amount
recorded in the second quarter, related to severance costs associated with the
workforce reduction and consolidation of certain minor international facilities.
end of ad hoc announcement (c) DGAP 25.07.2001
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WKN: 901599; Index: NEMAX 50
Listed: Neuer Markt Frankfurt, Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Düsseldorf, Hannover
252242 Jul 01
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