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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BroadVision, Inc. Announces Preliminary Second Quarter 2001 Results
REDWOOD CITY, Calif., July 3,2001 – BroadVision, Inc. (Nasdaq: BVSN, Neuer
Markt: BDN), a leading provider of personalized e-business applications, today
announced that, based on preliminary estimates, it expects revenue for the
quarter ended June 30, 2001 will be between $52 million and $58 million, and
basic pro-forma loss per share, excluding non-cash charges and pending review of
non-recurring items, will be in the range of $0.17 to $0.20. Results for the
quarter were adversely affected by the continued uncertainties surrounding the
current IT spending environment.
“Our results were affected again in the second quarter by a continued slowness
in the economy. Although we believe our applications and technology remain the
strongest in the industry, the current environment has caused many customers to
postpone major IT expenditures,” commented Dr. Pehong Chen, BroadVision’s
president and CEO. “Given the concerns surrounding the current market and our
commitment to returning to profitability, we are continuing to focus on
containing expenses. If conditions do not improve in the second half of the
year, we are prepared to make additional adjustments in our spending policies
and staffing levels. Likewise, if improving business conditions warrant, we will
add resources to grow our business. Our balance sheet remains strong with cash
in excess of $200 million. Notwithstanding the current economic malaise, we
firmly believe we are well-positioned for the future as a leader in the e-
business application space.”
The Company also announced that, as of June 30th, it has reduced its workforce
to approximately 1500 employees, a reduction of 32%, or approximately 695
employees, since March 31, 2001, including 150 employees from the previously
announced divestiture of its e-Pubs subsidiary.
Contact: Thomas Gessner, Marketing Director (DACH), Director Investor Relations
Europe, Telefon: +49 (0)89 2109 5021,Mobil: +49 (0)171 264 30 21
BroadVision Deutschland GmbH, Humboldtstraße 685609 Aschheim/Dornach, Germany
end of ad hoc announcement (c) DGAP 03.07.2001
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WKN: 901599; Index: NEMAX 50
Listed: Neuer Markt Frankfurt, Freiverkehr in Stuttgart, München, Berlin,
Bremen, Hamburg, Düsseldorf, Hannover
031317 Jul 01
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