PRESS: Informix in the News
List of Informix related articles. Format: PUBLICATION "Article Name" Summary of Article [Date, Location in Publication, Author] Informix in the News --------------------------------- (11/25/97) Informix in the News SAN JOSE MERCURY NEWS "Informix details overstating of earnings, revenue: It also announces $110 million loss for third quarter" Last week, Informix CEO and President, Bob Finocchio, announced that Informix -- over a three year span -- had overstated its revenue by $278 million and earnings by $236 million. Contributing to the financial injuries was the third quarter loss announcement of $110.7 million or 73 cents per share and an intense audit, which cost the company close to $2 million. "This [the financial audit] was big, it was hard, but we did it the right way," said Finocchio. The future of Informix lies in the series of changes currently underway: real estate in Santa Clara sold for $60 million, a credit line of $75 million from Bank of Boston and Canadian Imperial Bank of Commerce, and operating cost cuts -- from $235 million in the first quarter to $195 million in the third quarter. "Clearly Informix still has a long way to go to return to profitability, but it looks like management is taking the right actions," said Neil Herman, equity analyst at Salomon Brothers. (11/19/97, pg. 1C, Jodi Mardesich) Additional coverage: C/NET "Informix reports earnings, back pedals on restated results" (11/18/97, www.news.com, staff writer) C/NET "Informix reports shaky results" (11/19/97, www.news.com, Mike Ricciuti and Dawn Yoshitake) COMPUTERGRAM INTERNATIONAL "Informix clears books, regains listing, but losses balloon" (11/20/97, www.computerwire.com, staff writer) COMPUTER RESELLER NEWS "Storm clouds linger for Informix " (11/24/97, pg. 16, Shawn Willett) COMPUTERWORLD "Informix begins to show signs of life" (11/24/97, pg. 14, Craig Stedman) FINANCIAL TIMES "Informix faces probe by SEC" (11/19/97, www.dowjones.com, Louise Kehoe) INFORMATIONWEEK ONLINE "Informix audit results in $278 adjustment" (11/19/97, www.informationweek.com, John Foley) INFOWORLD ONLINE "Informix restates its earnings" (11/19/97, www.infoworld.com, Paul Krill) INTERNETWEEK "Troubled Informix takes drastic measures " (11/24/97, pg. 14, Ellis Booker) REUTERS "Informix restates profits for three years" (11/19/97, www.reuters.com, Kourosh Karimkhany) SAN FRANCISCO CHRONICLE "Restatement puts Informix at bigger loss" (11/19/97, pg. B3, Susan Moran) THE WALL STREET JOURNAL "Informix posts loss of $110.7 million, restates results" (11/19/97, pg. 1C, Kara Swisher) ZDNET "Bad mix, more red ink for Informix" (11/18/97, www.zdnet.com, Larry Barrett) COMPUTER RESELLER NEWS "Informix renames flagship product" Last week, Informix announced plans to simplify its product line. As part of the plan to increase profits for 1998, Informix has renamed its products and cut prices. Informix will no longer market multiple database management systems, instead, the INFORMIX-Dynamic server -- which replaces the INFORMIX-OnLine Dynamic Server -- will be the core product. Existing products including INFORMIX-OnLine Extended Parallel Server, MetaCube and the Web DataBlade -- will be recognized as options to complement the core server in the areas of decision support, parallel processing, data analysis, complex data support and Web applications. The introductory price for these products also has been lowered significantly and DataBlades will be sold separately. (11/18/97, Shawn Willett) Additional coverage: C/NET "Informix serves it simpler, cheaper" (11/19/97, www.news.com, Mike Ricciuti) COMPUTERGRAM INTERNATIONAL "Informix pushes universal server out of the spotlight" (11/20/97, www.computerwire.com, staff writer) INFORMATION WEEK "Informix to revamp database lines, cut prices" (11/24/97, pg. 32, John Foley) INFOWORLD ONLINE "Informix rolls out simplified product line" (11/19/97, www.infoworld.com, Paul Krill) LOS ANGELES TIMES ONLINE "Informix simplifies product offerings; single server with tightly-integrated options designed to make it easier to..." (11/19/97, www.latimes.com, staff writer) PC WEEK "Informix realigning around core databases" (11/24/97, pg. 10, Stacy Lavilla) DBMS "Extending relational DBMSs" This article discusses the growing need for relational database extensions. Informix's DataBlades are among the products mentioned and is touted for its ability to manage complex data. Other products mentioned include IBM Relational Extenders and Oracle Cartridges. (12/97/97, pg. 45, Martin Rennhackkamp) COMPUTER BUSINESS REVIEW "Meltdown in Menlo Park" This article chronicles the events that led to the financial turmoil at Informix. According to the author, aggressive accounting, un-tested technology, mercurial marketing and delinquent distribution all played a part in the fall of the valley's No. 2 producer of database products. Despite Bob Finocchio's plan to re-organize the company, a growing number of stock-holders are crying foul and want some type of criminal action against the former management. (11/97, pg. 8, Kenny MacIver) INTERACTIVE WEEK "Movie-style crime fighting may become a reality" Informix received additional coverage on the Bastille project that will allow police departments to collaborate and catch criminals via the Web. The project is based on INFORMIX-Universal Server and is scheduled to roll-out mid-1998. Bastille will "turn law enforcement from a bunch of small, unconnected jurisdictions into one giant collection of information we can search, just like they've been doing in the movies for a long time," said detective Doug Wilson of the Irving Police Department. (11/17/97, pg. 56, Kevin Jones) INTEGRATION MANAGEMENT "Informix, Hyundai sign data pact" Informix received additional coverage for its announcement made earlier this month on the $1 million deal with Hyundai. The Korean car dealership will use INFORMIX- OnLine Extended Parallel Server, OnLine Dynamic Server and MetaCube to build and support a 600-gigabyte data warehouse. (11/3/97, pg. 36, staff writer)