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   Technology StocksAscential Software (ASCL)


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To: SemiBull who wrote (149)9/22/2003 8:08:51 PM
From: SemiBull
   of 179
 
RBC Capital Mkt Upgrades ASCL from Sector Perform to Outperform
biz.yahoo.com

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To: SemiBull who wrote (150)9/25/2003 9:08:09 PM
From: SemiBull
   of 179
 
Ascential Software Welcomes Mercator Customers to Ascential World 2003

Thursday September 25, 4:40 pm ET

Attendees Will Get First Look at Product Roadmap and Hear Customer Success Stories from Mutual of Omaha, ABN AMRO Bank and Others

WESTBOROUGH, Mass., Sept. 25 /PRNewswire-FirstCall/ -- Ascential Software Corporation (Nasdaq: ASCL - News), the enterprise data integration leader, today welcomed Mercator Software, Inc. customers to the Ascential Software family by adding several Mercator-focused sessions to the Ascential World 2003 agenda. Ascential Software completed its acquisition of Mercator on September 12, 2003.

The Mercator-focused sessions added to Ascential Software's inaugural user and partner conference will provide existing and prospective customers of the former Mercator products with information on product direction, tips and techniques, best practices, and customer success stories. This information is designed to help customers reduce risks, increase operational efficiencies and enhance business performance.

Ascential World 2003 will include three days of workshops, panel discussions, presentations and special events designed to build skills and share information for optimizing enterprise data integration. The event will be held Oct. 26 - 28 at the Doral Golf Resort & Spa in Miami, Fla. Visit www.ascentialworld.com for online registration and information.

The Mercator track includes these sessions:

1. Rapid Data Integration Through Deployment of Standards-Based Industry
Solutions, covering support of industry standards initiatives like
HIPAA for health care, SWIFT for financial services and EDI for cross-
industry integration.

2. Legacy to Web at Internet Speed, detailing Web services support that
delivers data integration with minimal development and integration
costs.

3. The Ascential Product Roadmap, previewing the future of Ascential-
Mercator technology.

4. Tips and Techniques to help customers accelerate and improve results
from Inside Integrator.

5. Customer Success Stories, featuring deployments by Mutual of Omaha to
address healthcare integration issues and ABN AMRO Bank to enable
straight-through processing in the financial services industry.

In addition to the Mercator sessions, Ascential World 2003 will also feature presentations from renowned technology journalist Maryfran Johnson, editor-in-chief of Computerworld; David Weinberger, an acclaimed technology author and commentator; industry analysts and IT professionals who are building tomorrow's enterprise data integration infrastructure today using solutions from Ascential Software. Networking and social activities include a salsa party at Bongos Cuban Cafe, one of Miami's hottest night spots, and the opportunity to golf on five championship courses. Ascential World 2003 sponsors include Brio, Cognos, DataDirect, HP, IBM, Lakeview Technology, MicroStrategy, Sun Microsystems and Teradata.

"Ascential World 2003 will drive home the strategic imperative for complete enterprise data integration by showcasing the successes of Ascential Software customers who have created measurable business value using our solutions," said Pete Fiore, president, Ascential Software. "The presence in one location of so many customers from a wide variety of industries, leading business partners, and Ascential Software representatives presents a dynamic opportunity for sharing experiences and ideas for enhancing the positive impact of IT on the enterprise."

About Ascential Software

Ascential Software Corporation is the leading provider of enterprise data integration solutions to organizations worldwide. Customers use the Ascential Enterprise Integration Suite to integrate and leverage data across all transactional, operational, and analytical applications with confidence in the accuracy, completeness and timeliness of critical information. Ascential Software's powerful data profiling, data quality, data transformation, parallel processing, meta data and connectivity solutions enable customers to reduce total cost of ownership and increase return on IT investment. Headquartered in Westborough, Mass., Ascential Software has offices worldwide and supports more than 3,000 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods, retail, and government. More information on Ascential Software can be found on the Web at www.ascential.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the functionality, characteristics, quality and performance capabilities of Ascential Software's products and technology; results achievable and benefits attainable through deployment of Ascential Software's products; benefits of attending Ascential World 2003, anticipated integration of software products acquired through Mercator; and reduction of cost of ownership by customers and return on IT investment. The following factors, among others, could cause actual results to differ materially from those described in these forward- looking statements: the ability of Ascential Software to expand its market share; growth rates for the enterprise data integration software market; general business conditions in the software industry, the technology sector, and in the domestic and international economies; rapid technological change in the markets served by Ascential Software; dependence on international operations; global and geopolitical instability; and difficulties that Ascential Software may experience integrating technologies, operations and personnel of completed or future acquisitions, including the recent acquisition of Mercator Software, Inc.. For a detailed discussion of these and other cautionary statements, please refer to the filings made by Ascential Software with the Securities and Exchange Commission, including, without limitation, the most recent Quarterly Report on Form 10-Q. Ascential Software disclaims any intent or obligation to update any forward-looking statements made herein to reflect any change in Ascential Software's expectations with regard thereto or any change in events, conditions, or circumstances on which such statements are based.

Ascential is a trademark of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks.

Contact:
Chas Kielt
Ascential Software Corporation
(508) 366-3888, ext. 3256
chas.kielt@ascential.com

Jeff Aubin
Beaupre & Co. Public Relations, Inc.
(603) 559-5838
jaubin@beaupre.com

Source: Ascential Software Corporation

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To: SemiBull who wrote (151)10/2/2003 7:56:56 PM
From: SemiBull
   of 179
 
Ascential Software Wins Software Industry Award For Best Enterprise Integration

Thursday October 2, 12:14 pm ET

Software Business Magazine Selects Enterprise Data Integration Leader From Hundreds of Nominees

WESTBORO, Mass., Oct. 2 /PRNewswire-FirstCall/ -- Ascential Software Corporation (Nasdaq: ASCL - News), the enterprise data integration leader, today announced it has won the Software Industry Award for Best Enterprise Integration from Software Business magazine. The company will be honored at a ceremony in Boston on October 22 during the Software Business 2003 Conference, billed as the premier conference on business and technology for executives and managers of software companies.

"With the release of the Ascential(TM) Enterprise Integration Suite 7.0 and its new Real-Time Integration Services, the company offers new capabilities that confirm its status as an enterprise integration leader," said John G. Cargile, managing editor for Software Business. "The Ascential Enterprise Integration Suite is unique in the integration landscape because it provides the only complete, comprehensive data integration solution. Competing solutions overlook data profiling and quality, focusing primarily on transformation ... and no company moves data faster."

Ascential Software was among hundreds of nominees and 10 winners the magazine's editorial staff selected for its Third Annual Software Industry Awards. Ascential Software is the sole winner in its category.

The Ascential Enterprise Integration Suite combines Ascential Software's industry-leading solutions for data profiling, data quality and data transformation and delivery on a shared platform of software services for unlimited scalability through parallel processing, management of meta data, any-to-any connectivity and real-time data integration. Ascential Real-Time Integration Services extends the reach and enables the seamless interoperability of Ascential Software's data integration solutions within an enterprise's service-oriented architecture (SOA).

"We're honored that a publication of Software Business's caliber has selected us for this award, but it's only possible by making a positive impression on every customer who invests in our software," said Mark Register, vice president and chief marketing officer, Ascential Software. "Improving our customers' business performance is the best measure of our value, and the award affirms our hard-won success in this area."

About Software Business

Software Business -- Strategy & Technology for Software Executives -- is a business magazine serving the software publishing industry. Its readership consists of executives and managers of software companies. They are responsible for corporate strategy, product development, marketing and sales, distribution, technical and customer support, finance, administration, training, localization, manufacturing and fulfillment. Every issue of Software Business features articles on CEO strategies and finance, product development, tech support and customer service, fulfillment/manufacturing, marketing, sales and distribution and international opportunities. For more information, visit www.softwarebusinessonline.com.

About Ascential Software

Ascential Software Corporation is the leading provider of enterprise data integration solutions to organizations worldwide. Customers use the Ascential Enterprise Integration Suite to integrate and leverage data across all transactional, operational, and analytical applications with confidence in the accuracy, completeness and timeliness of critical information. Ascential Software's powerful data profiling, data quality, data transformation, parallel processing, meta data and connectivity solutions enable customers to reduce total cost of ownership and increase return on IT investment. Headquartered in Westboro, Mass., Ascential Software has offices worldwide and supports more than 3,000 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods, retail, and government. More information on Ascential Software can be found on the Web at www.ascential.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the functionality, characteristics and performance capabilities of Ascential's products and technology, the ability of Ascential's products to extend the reach and enable seamless interoperability of an enterprise's service-oriented architecture and Ascential's ability to improve a customer's business performance. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: risks relating to the ability of Ascential to expand its market share, growth rates for the enterprise data integration software market, integration/divestiture issues resulting from merger/acquisition activities, general business conditions in the software industry, the technology sector, and in the domestic and international economies, rapid technological change in the markets served by Ascential, dependence on international operations, and difficulties that Ascential may experience integrating technologies, operations and personnel of completed or future acquisitions. For a detailed discussion of these and other cautionary statements, please refer to the filings made by Ascential with the Securities and Exchange Commission, including, without limitation, the most recent Quarterly Report on Form 10-Q. Ascential disclaims any intent or obligation to update any forward-looking statements made herein to reflect any change in Ascential's expectations with regard thereto or any change in events, conditions, or circumstances on which such statements are based.

All rights reserved. Ascential is a trademark of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks.

Source: Ascential Software Corporation

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To: SemiBull who wrote (152)10/20/2003 8:00:07 PM
From: SemiBull
   of 179
 
Allied Office Products Thrives in Competitive Market Using Ascential Software to Profit from Intelligent Information

Monday October 20, 11:26 am ET

Ascential Enterprise Integration Suite is the One Data Integration Platform Used by the 'OneSolution' Office Products Company

WESTBORO, Mass., Oct. 20 /PRNewswire-FirstCall/ -- Allied Office Products, the largest independent dealer of office goods and services in the United States, has increased sales and improved customer service by using solutions from Ascential Software (Nasdaq: ASCL - News), the enterprise data integration leader. Allied Office Products can now effectively mine its enterprise systems for customer information and implement solutions that offer better connectivity and new services for its customer base.

To enable these new capabilities, the Ascential(TM) Enterprise Integration Suite and Ascential Real-Time Integration Services (RTI Services) provide the underlying infrastructure for OneSolution, Allied Office Products' innovative business management system. OneSolution links customer service, supply chain and order processing solutions in real-time to maximize cost saving, efficiency and customer satisfaction in a competitive, fragmented market.

The Ascential Enterprise Integration Suite profiles, cleanses and transforms customer data from disparate enterprise systems and consolidates it in a central data warehouse. The company is using Ascential ProfileStage(TM) and QualityStage(TM) to identify and eliminate duplicate records, incomplete fields, and other anomalies in its OneSolution system. Employees get on-the- fly error reports that identify redundant entries and notify sales and service representatives of missing data. This master data management approach yields consistent, reliable information and deeper insights into its customer base and sales trends.

Ascential Real-Time Integration Services allow Allied Office Products to offer real-time customer service, order processing and supply chain management. For instance, Allied Office Products is exploiting the Web services capabilities of Ascential RTI Services to let customers rapidly process returns online. The Ascential Software solution plays a pivotal role in deploying and managing these services by creating a link back to the company's enterprise systems and integrating the data, according to Ken DesRochers, senior vice president of information technology at Allied Office Products.

"Ascential Software helped us gain the elusive 360-degree view of our customer that many companies strive for but too few achieve," said DesRochers. "This is helping us significantly improve our responsiveness, customer intimacy and product and service offerings. This is how we differentiate and succeed in an aggressive market populated with many competitors ranging from small operations to national office supply superstores."

DesRochers explains that the challenge in achieving one cohesive view of the customer was that customer data was dispersed among three disparate systems, including Oracle 9i, running on a Solaris SPARC system and supporting Allied's e-commerce Web site; Salesforce.com, the company's Web-based customer-relationship management (CRM) system; and, for financials, a custom- built legacy enterprise resource planning (ERP) system, running on an IBM AIX RS/6000 system with a UniData database.

After evaluating various data integration point products, Allied Office Products selected the Ascential Enterprise Integration Suite for the completeness of its solution, its interoperability with the company's heterogeneous existing IT systems, and its Web services capabilities. "Having access to a complete, fully integrated solution from one vendor was a major plus in terms of managing our risk," said DesRochers. "I had confidence that the data profiling, quality, and transformation solutions were fully integrated and optimized. This reduces the cost and potential pitfalls of assembling point products from multiple vendors, and that's important.

"Allied Office Products is a clear example of the strategic role IT should play within an organization," said Mark Register, vice president and chief marketing officer at Ascential Software. "Ken and his team have fundamentally changed the way their company operates and created measurable business value using innovative data integration solutions from Ascential Software. This linkage between the board room and back room objectives and initiatives is critical. We applaud Allied for its imaginative application of our technology."

About Allied Office Products

Founded in 1947 and based in Clifton, N.J., Allied provides office supplies, furniture, coffee and beverage, print and promotional products to clients of varying size and across a range of industries. Operating primarily in the Northeast and Mid-Atlantic regions, the company has 17 sales offices throughout the United States. Allied has acquired 29 companies since 1998, and the company's strategy of acquisitions and organic growth has yielded a robust 60 percent annual revenue growth rate, reaching sales of about $300 million in 2001.

About Ascential Software

Ascential Software Corporation is the leading provider of enterprise data integration solutions to organizations worldwide. Customers use the Ascential Enterprise Integration Suite to integrate and leverage data across all transactional, operational, and analytical applications with confidence in the accuracy, completeness and timeliness of critical information. Ascential Software's powerful data profiling, data quality, data transformation, parallel processing, meta data and connectivity solutions enable customers to reduce total cost of ownership and increase return on IT investment. Headquartered in Westboro, Mass., Ascential Software has offices worldwide and supports more than 3,000 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods, retail, and government. More information on Ascential Software can be found on the Web at www.ascential.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the functionality, characteristics and performance capabilities of Ascential's products and technology, including but not limited to the ability of Ascential's products to profile, clean and transform customer data from disparate enterprise systems for centralized consolidation and the ability of Ascential's customers to improve performance by offering real-time customer services, order processing and supply chain management. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: risks relating to the ability of Ascential to expand its market share, growth rates for the enterprise data integration software market, the scope and frequency of data integration projects, the ability of customers to improve performance utilizing Ascential's products, integration/divestiture issues resulting from merger/acquisition activities, general business conditions in the software industry, the technology sector, and in the domestic and international economies, rapid technological change in the markets served by Ascential, dependence on international operations, and difficulties that Ascential may experience integrating technologies, operations and personnel of completed or future acquisitions. For a detailed discussion of these and other cautionary statements, please refer to the filings made by Ascential with the Securities and Exchange Commission, including, without limitation, the most recent Quarterly Report on Form 10-Q. Ascential disclaims any intent or obligation to update any forward-looking statements made herein to reflect any change in Ascential's expectations with regard thereto or any change in events, conditions, or circumstances on which such statements are based.

Ascential is a trademark of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks.

Source: Ascential Software

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To: SemiBull who wrote (153)10/21/2003 7:59:50 PM
From: SemiBull
   of 179
 
Ascential Software Helps UICI Student Insurance Make Strategic Decisions Based on Better Business Information

Tuesday October 21, 9:00 am ET

Specialty Insurer Uses Ascential's Enterprise Data Integration Suite To Speed Employee Access to Member, Claims and Premium Data

WESTBORO, Mass., Oct. 21 /PRNewswire-FirstCall/ -- Ascential Software Corporation (Nasdaq: ASCL - News), the enterprise data integration leader, today announced that UICI Student Insurance, a division of UICI (NYSE: UCI - News), has deployed the Ascential(TM) Enterprise Integration Suite to better compete in the youth and young adult health insurance market. UICI Student Insurance will give actuaries, underwriters and executives dramatically improved access to the company's membership, premium and claims information. Enhanced access will help the company more effectively manage risk and profits based on emerging trends and up-to-the-minute information.

"UICI Student Insurance created an enterprise data warehouse that uses technology from Ascential Software to consolidate data from existing information systems and a new claims processing system," said Bruce Bradley, chief actuary of UICI Student Insurance. "The result is a unified source for critical premium, exposure and claim information as well as a solid infrastructure for enterprise applications. Consequently, we have accelerated our core business processes by generating daily reports for underwriters and setting prices for actuaries. Executives can readily obtain current loss ratios, a constantly changing metric that measures profitability." This is a significant change from the past, when employees had limited data access and long waits for paper reports that were difficult to analyze.

UICI Student Insurance provides health insurance to 350,000 students through 400 colleges and generates approximately $200 million in annual premiums. The company is using the Ascential DataStage® data transformation solution to consolidate information from a wide variety of UICI Student Insurance applications into a data warehouse based on Microsoft SQL Server running on the Windows NT operating system. The source applications include a new claims processing system running on an IBM AS/400 server and a DOS-based legacy claims processing system.

The company is also using Ascential ProfileStage(TM) to analyze legacy systems and profile source data, and Ascential QualityStage(TM) to cleanse, match and deduplicate incoming data such as provider contact information. These processes are essential to the success of ongoing and future data integration initiatives.

"Health insurance is very competitive, and incisive business information lets us compete more effectively," said Rick Doucette, UICI Student Insurance's CIO. "Although we've been successful with our paper-based reporting system, we're now looking to gain an edge that will help us succeed when we get into competitive pricing situations, which is most of the time. We now have a whole new level of access that we didn't have before. When our underwriters see a number they don't understand, such as a certain loss ratio, they'll be able to dig down and get at what's really going on behind that number."

UICI Student Insurance chose Ascential Software earlier this year from among five companies that responded to an initial request for proposals. UICI Student Insurance defined Ascential Software's advantage as its end-to-end enterprise data integration solution, unmatched linear scalability, value, and several other technical considerations.

UICI Student Insurance will be able to improve performance in the future by extending information access selectively to customers and across the entire UICI Student Insurance organization. In fact, the company CEO is using warehouse data to manage the company from his desktop.

"Competition in the health insurance industry makes it extremely important for insurers to extract the highest possible value of business information from the terabytes of data they have locked in various formats across their multiple legacy systems," said Mark Register, Ascential Software vice president and chief marketing officer. "Better information means better decisions, which can make the difference between profit and oblivion. Student Insurance is emblematic of this imperative and is intelligently applying our technology to expand its lead on the competition."

Idea Integration was the systems integrator for UICI Student Insurance.

About Idea Integration

Idea Integration is an e-business consulting and systems integration solutions provider serving Fortune 1000 companies, government, and middle- market clients. Specializing in Web design and development, information management solutions, wireless workflow applications, portal solutions, and enterprise resource management, Idea delivers high-return business applications for its clients. Idea serves clients throughout the United States and United Kingdom. For more information, please visit www.idea.com.

About UICI Student Insurance

UICI Student Insurance is one of the nation's largest providers of student health plans, with over 40 years of experience. UICI Student Insurance is a division of The MEGA Life and Health Insurance Company, which is a wholly owned subsidiary of UICI. UICI's annual revenues are over $1 billion and is publicly traded on the New York Stock Exchange, symbol UCI.

About Ascential Software

Ascential Software Corporation is the leading provider of enterprise data integration solutions to organizations worldwide. Customers use the Ascential Enterprise Integration Suite to integrate and leverage data across all transactional, operational, and analytical applications with confidence in the accuracy, completeness and timeliness of critical information. Ascential Software's powerful data profiling, data quality, data transformation, parallel processing, meta data and connectivity solutions enable customers to reduce total cost of ownership and increase return on IT investment. Headquartered in Westboro, Mass., Ascential Software has offices worldwide and supports more than 3,000 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods, retail, and government. More information on Ascential Software can be found on the Web at www.ascential.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the functionality, characteristics and performance capabilities of Ascential's products and technology, the ability of Ascential's customers to improve performance by extending information access selectively to customers and the ability of Ascential's customers to utilize Ascential's products to analyze legacy systems and profile source data as well as to cleanse, match and duplicate incoming data such as provider contact information. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: risks relating to the ability of Ascential to expand its market share, growth rates for the enterprise data integration software market, the scope and frequency of data integration projects, integration/divestiture issues resulting from merger/acquisition activities, general business conditions in the software industry, the technology sector, and in the domestic and international economies, rapid technological change in the markets served by Ascential, dependence on international operations, and difficulties that Ascential may experience integrating technologies, operations and personnel of completed or future acquisitions. For a detailed discussion of these and other cautionary statements, please refer to the filings made by Ascential with the Securities and Exchange Commission, including, without limitation, the most recent Quarterly Report on Form 10-Q. Ascential disclaims any intent or obligation to update any forward-looking statements made herein to reflect any change in Ascential's expectations with regard thereto or any change in events, conditions, or circumstances on which such statements are based.

Ascential is a trademark of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks.

Source: Ascential Software Corporation

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To: SemiBull who wrote (154)10/22/2003 9:48:29 PM
From: SemiBull
   of 179
 
Ascential Software Helps MicroStrategy to Channel Critical Business Information

Wednesday October 22, 9:05 am ET

"Aqueduct" Enterprise Data Warehouse Initiative Integrates Disparate Information, Improves Operational Efficiency

WESTBORO, Mass., Oct. 22 /PRNewswire-FirstCall/ -- Ascential Software Corporation (Nasdaq: ASCL - News), the enterprise data integration leader, today announced that MicroStrategy® Incorporated (Nasdaq: MSTR - News), a leading worldwide provider of business intelligence software, has selected Ascential(TM) DataStage® to help deliver transparency to all aspects of business performance.

Ascential DataStage, a key component of the Ascential(TM) Enterprise Integration Suite, will automate the data transformation and movement from more than a dozen enterprise applications into MicroStrategy's enterprise data warehouse, called Aqueduct(TM). With Ascential DataStage, MicroStrategy will be able to update warehouse information on demand, rather than once per day.

As a result, MicroStrategy will be able to more efficiently perform monthly and quarterly financial closes, better serve its customers, and provide every employee with more frequent updates on performance metrics for which each individual is accountable. Metrics include business unit profit- and-loss, personal sales achievement and customer relationship management. In addition, automating data transformation will enable IT staff to spend less time developing, maintaining and fixing hand-coded data transfer applications so the department's small applications team can spend more time on projects with higher returns.

"Timely access to corporate data is critical for any company's performance," said MicroStrategy's COO Sanju K. Bansal. "The more up-to-date and complete our enterprise information, the better decisions we can make to help ensure our success. Ascential DataStage helps us accomplish this by extracting data from myriad sources in an organized and well-managed process. The data can then be transformed into an Aqueduct-format, allowing us to load it on demand, translating into improved service and performance."

MicroStrategy frequently uses Aqueduct as a case study when selling its own business intelligence software. Aqueduct is a sterling example of how business intelligence can allow a company to plan and manage results by viewing information that can be sliced for every business unit, for every manager, for every line of business, for every product, and for every customer; and allowing users to investigate the issues from the lowest level of transactional detail to the highest level of P/L reporting.

Ascential Software and MicroStrategy - A Multi-Faceted Alliance

In addition to being a customer, MicroStrategy is an important Ascential Software business partner. The two companies work together to deliver world- class business intelligence solutions. Hundreds of enterprise customers use Ascential Software's data integration technology and MicroStrategy's business intelligence applications to increase productivity and improve cost efficiencies.

"With Aqueduct, MicroStrategy has developed intelligent enterprise reporting to help all aspects of its business - from HR to sales to accounting - to make informed business decisions based on current, accurate data," said Mark Register, vice president and chief marketing officer at Ascential Software. "DataStage provides MicroStrategy with the ability to integrate two years' worth of data from more than a dozen applications on the fly. Implementing both platforms together gives MicroStrategy a great foundation for business decisions, and the information frequency needed to stay on top of changing conditions."

About MicroStrategy Incorporated

Founded in 1989, MicroStrategy is a worldwide leader in the increasingly critical business intelligence software market. Leading Fortune 2000 companies are integrating MicroStrategy's industrial-strength software into virtually all facets of their businesses. The MicroStrategy Business Intelligence Platform(TM) distills vast amounts of data into vital, probing insight to help drive cost-efficiency, productivity, customer relations and revenue- generation. MicroStrategy offers exceptional capabilities - excellent scalability, powerful analytics, user-friendly query and reporting features and an outstanding, easy-to-use Web interface. Top companies are using MicroStrategy to cost-effectively harness large, multi-terabyte databases; empower thousands of employees at all operational levels; and extend the benefits of business intelligence enterprise-wide and beyond to customers, partners and suppliers.

MicroStrategy has over 2,200 enterprise-class customers, including General Motors, Best Buy, Lowe's Home Improvement Warehouse, Yahoo!, Visa International, Wells Fargo, Telecom Italia, AT&T Wireless Group and Aventis. MicroStrategy also has relationships with over 500 systems integrators and application development and platform partners, including IBM, PeopleSoft, Sun and Hewlett-Packard. MicroStrategy is listed on Nasdaq under the symbol MSTR. For more information or to purchase or demo MicroStrategy's software, visit MicroStrategy's Web site at microstrategy.com.

About Ascential Software

Ascential Software Corporation is the leading provider of enterprise data integration solutions to organizations worldwide. Customers use the Ascential Enterprise Integration Suite to integrate and leverage data across all transactional, operational, and analytical applications with confidence in the accuracy, completeness and timeliness of critical information. Ascential Software's powerful data profiling, data quality, data transformation, parallel processing, meta data and connectivity solutions enable customers to reduce total cost of ownership and increase return on IT investment. Headquartered in Westboro, Mass., Ascential Software has offices worldwide and supports more than 3,000 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods, retail, and government. More information on Ascential Software can be found on the Web at www.ascential.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release contains forward-looking statements based on current expectations or beliefs, as well as a number of assumptions about future events, and these statements are subject to important factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. The forward-looking statements in this release address a variety of subjects including, for example, the functionality, characteristics and performance capabilities of Ascential's products and technology, the ability of Ascential to help deliver transparency to all aspects of business performance and Ascential's ability to automate the data transformation and movement from multiple applications into a customer's enterprise data warehouse. The following factors, among others, could cause actual results to differ materially from those described in these forward- looking statements: risks relating to the ability of Ascential to expand its market share, growth rates for the enterprise data integration software market, integration/divestiture issues resulting from merger/acquisition activities, our customer's business requirement and ability to update warehouse information on demand, general business conditions in the software industry, the technology sector, and in the domestic and international economies, rapid technological change in the markets served by Ascential, dependence on international operations, and difficulties that Ascential may experience integrating technologies, operations and personnel of completed or future acquisitions. For a detailed discussion of these and other cautionary statements, please refer to the filings made by Ascential with the Securities and Exchange Commission, including, without limitation, the most recent Quarterly Report on Form 10-Q. Ascential disclaims any intent or obligation to update any forward-looking statements made herein to reflect any change in Ascential's expectations with regard thereto or any change in events, conditions, or circumstances on which such statements are based.

Ascential is a trademark of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks.

Source: Ascential Software Corporation

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To: SemiBull who wrote (155)10/23/2003 7:49:47 PM
From: SemiBull
   of 179
 
Ascential Software Reports Third Quarter Revenue of $45.9 Million with License Revenue of $22.4 Million

Thursday October 23, 4:50 pm ET

Marks Sixth Consecutive Quarter of Sequential Revenue Growth
Completes Acquisition and Integration of Mercator into Company Operations

Initiates 2004 Guidance

WESTBORO, Mass., Oct. 23 /PRNewswire-FirstCall/ -- Ascential Software Corporation (Nasdaq: ASCL - News), the enterprise data integration leader, today announced results for the third quarter ended September 30, 2003.

On a GAAP basis, third quarter 2003 revenue was $45.9 million, up 52 percent from $30.2 million in the third quarter of last year, and up 15 percent from $39.9 million in this year's second quarter. License revenue was $22.4 million in the third quarter of 2003, up 50 percent from $14.9 million in license revenue reported in the third quarter of 2002, and up 7 percent from $21.0 million in the second quarter. Net loss was $1.7 million, or ($0.03) per share, for the third quarter, compared to a net loss of $16.3 million, or ($0.27) per share, in the third quarter of 2002, and net income of $0.7 million, or $0.01 per share in the second quarter. All share and per share amounts have been retroactively adjusted for the 1-for-4 reverse stock split effected June 17, 2003.

GAAP and pro forma results for the third quarter of 2003 include eighteen days of Mercator Software results since the September 12, 2003 completion of Ascential's acquisition of that company, as well as related charges and transition expenses.

On a pro forma basis, as described below, the company realized pro forma net income of $3.7 million, or $0.06 per share, in the third quarter of 2003, compared with a pro forma net loss of $5.7 million, or ($0.09) per share, in the third quarter of 2002, and pro forma net income of $3.0 million, or $0.05 per share in the second quarter this year.

"We are extremely pleased to again report record quarterly revenue since becoming Ascential Software in July 2001, marking our sixth consecutive quarter of sequential revenue growth - even before the contribution of the Mercator acquisition to our business this quarter," said Peter Gyenes, chairman and chief executive officer. "These results reflect the superior customer value and strong differentiation of our unique and integrated, end- to-end solution for enterprise data integration. The addition of Mercator creates the largest independent enterprise data integration software company, and is yet another "first" in our market as we uniquely provide customers end- to-end data integration solutions for the full spectrum of transactional, operational, and analytical application environments regardless of data source, volume or latency. Activity levels and sales pipeline remain robust, as our expanded customer base and the market in general respond to our increased market presence."

At September 30, 2003, the company had $524.7 million in cash, cash equivalents and short-term investments. The major items affecting cash in the quarter were the payment of $98.0 million for 32.7 million of Mercator shares, and a tax payment of $8.1 million. Excluding these items, the company was cash flow positive. During the fourth quarter the company plans to pay the remaining balance of $11.3 million for the remaining Mercator shares not submitted in the original tender.

Highlights
During the third quarter of 2003, Ascential Software:

-- Announced and completed the acquisition of Mercator Software.
Mercator's products provide enhanced transactional data transformation
and routing capabilities and leading vertical industry solutions. The
combined technologies uniquely allow customers to apply Ascential's
comprehensive data integration platform pervasively, throughout their
enterprise, to support transactional, operational and analytical
application environments, regardless of data sources, targets, volumes
or latency. Ascential Software is now the largest independent software
vendor focused exclusively on enterprise data integration with more
than 3,000 customers and 900 employees worldwide.

-- Signed 44 new customers including: China Unicom, Cooper Industries,
Gibralter Insurance, Kellwood Company, Microstrategy, National Life
Finance Corporation, Office Depot, Perot Systems, Polk Australia Pty
Ltd., Saint-Gobain, Toshiba Industrial Products, the University of
Missouri, The University of Texas and Yokohama Bank.

-- Expanded business with 189 existing customers including: Acxiom, AIG,
Airbus, AT&T, Bank of America, Beckman Coulter, Boeing, Blockbuster,
Ingenix, International Paper, J.P. Morgan Chase, Kinkos, McKesson,
Munich Reinsurance, Novartis, Pfizer, Rockwell Automation, Safeway,
Inc., Sandia National Labs and Towers Perrin.

-- Won the Best Enterprise Integration award from Software Business
magazine. Ascential was honored at a ceremony in Boston on October 22,
2003 during the Software Business 2003 Conference. The publication
wrote that "The Ascential Enterprise Integration Suite is unique in the
integration landscape because it provides the only complete,
comprehensive data integration solution. Competing solutions overlook
data profiling and quality, focusing primarily on transformation ...
and no company moves data faster."

-- Was recognized by IDC, one of the industry's most respected IT analyst
firms, in their September 2003 report, "Ascential Introduces
QualityStage", for delivering a unique data matching capability that
allows companies to execute successful strategic initiatives in the
areas of ERP, CRM, direct marketing campaigns and mergers with superior
results. In a special report, IDC commends Ascential Software's
commitment to a class of technology that they believe will
revolutionize the way complex IT problems are approached.

-- Engaged in a number of activities with strategic partner IBM,
including:

- Building on Ascential's already strong relationship through support
for WebSphere Application Server 5.0. The deployment of Ascential(TM)
Enterprise Integration Suite and Real-Time Integration (RTI) Services
with WebSphere delivers advanced technology solutions to power the
real-time enterprise. IBM and Ascential together make the real-time
enterprise a reality, enabling users to take advantage of reliable,
accurate and current information available from anywhere across the
enterprise, at any time, further driving their strategic business
initiatives.

- In September, the IBM Software Group distributed a major announcement
introducing the Ascential Enterprise Integration Suite 7.0 to their
global base of over 150,000 customers through its iSource Newsletter,
the vehicle for introducing new IBM products and services.

- Delivered an international training program to the IBM sales
organizations for Data Management, Websphere, and Business Consulting
Services.

- Joined with the IBM Data Management Group and Meta for a customer
event in France to promote the IBM DB2 Information Integrator and the
Ascential Enterprise Integration Suite to IBM customers and partners.

- Established a multi-national procurement agreement enabling IBM's
operations worldwide to purchase Ascential products and services for
internal use.

-- Teamed with Hewlett Packard to deliver programs for "Driving Business
Value with 'Right-Time' Integration". Ascential Software and HP experts
explored strategies for leveraging real-time technologies through a
pragmatic, cost-effective approach that puts business information where
it needs to be exactly when customers need it. Ascential Software calls
this "right-time" integration because the delivery of each piece of
information is determined by the specific needs of a particular
industry, business and process at hand.

-- Hosted a special event in conjunction with The Data Warehousing
Institute (TDWI) World Conference in August to lead a best practices
discussion of one of the greatest challenges and opportunities facing
IT organizations today - delivering valuable business information from
strategic enterprise applications in "real time." The Experts Forum
featured four customers and was moderated by Maryfran Johnson, editor-
in-chief of Computerworld.

-- Appointed Mark Register as vice president and chief marketing officer.
Mr. Register is responsible for directing and leading the company's
activities in Corporate and Product Marketing, Global Strategic
Alliances, and Industry Solutions. Mr. Register joins Ascential from
Mercator Software, where he was executive vice president and president,
worldwide field operations.

-- Was named a ZapThought Leader by industry analyst firm ZapThink for
guiding Ascential Software customers in using XML, Web Services, and
Service Oriented Architectures (SOA's) to meet business needs.

-- Gained increased visibility by being recognized for enterprise data
integration leadership in research reports and notes by several
industry analyst firms, including AMR Research, Current Analysis,
Gartner, Giga Information Group, IDC, Meta Group, and Ventana Research.

Outlook and Guidance

"Our continuing financial and market share gain is increasing the visibility of our company at a time when CIOs are reassessing their internal integration infrastructures," said Pete Fiore, president of Ascential Software. "As IT organizations strain under the weight of the one-piece-at-a- time approaches to integration, a significant market opportunity has been created which we uniquely address with the Ascential Enterprise Integration Suite. The expanded talents, products and resources of Ascential Software provide us with an increased size, scale and market reach from which to serve our expanded customer base and growing market demand.

"During the third quarter, we shipped the Ascential Enterprise Integration Suite 7.0, along with Ascential's Real-Time Integration (RTI) Services. This offering provides customers with the latest enhancements and expansions to our product suite. With this release, Ascential Software is changing the enterprise data integration landscape and making data integration pervasive by harnessing the benefits of a Services-Oriented Architecture and eliminating concerns about data sources, quality, volumes, and latency. Our customers can now integrate and leverage data across all strategic analytic and enterprise applications - including CRM, ERP, and supply chain management, as well as business-to-business transactional processes - with complete confidence in the accuracy, completeness and timeliness of their critical information."

The company is currently anticipating fourth quarter revenue in the range of $61 million to $64 million, with GAAP profitability in the quarter on a net income basis toward the higher end of that revenue range. Pro forma profitability is calculated as described in the following paragraph, with the predominant factors detailed as follows: Mercator related transition expenses were approximately $1.2 million in the third quarter, and are anticipated to be approximately $3.5 million in the fourth quarter. Amortization of purchased intangibles and stock-based compensation was approximately $1.6 million in the third quarter, and is anticipated to be approximately $3.0 million in the fourth quarter, reflecting the full quarter effect of the Mercator acquisition. Legacy expenses related to previously divested business operations were approximately $0.3 million in the third quarter, and are anticipated to be approximately $0.3 million to $0.5 million in the fourth quarter. Merger, realignment and other charges were approximately $1.7 million and write-off of in-process research and development was $2.0 million in the third quarter. These charges are related to the Mercator acquisition and are not anticipated to recur in the fourth quarter. For 2004 the company anticipates revenue in the range of $265 million to $275 million, and anticipates GAAP profitability in each quarter of 2004, barring unforeseen circumstances. Total costs and expenses for 2004 are anticipated to be between $61 million and $64 million per quarter. Included in those costs and expenses are amortization of purchased intangibles and stock-based compensation, estimated at $3.0 million per quarter and legacy expenses related to divested business operations estimated as less than $0.5 million per quarter. Interest income, based on recent interest rates and expected cash balances, is expected to be approximately $2.3 million per quarter. The tax rate planned for 2004 is 33%.

The company believes that the pro forma results described in this release are useful for an understanding of its ongoing operations because GAAP results include expenses unrelated to the company's ongoing data integration business, as well as the non-cash charges associated with the amortization of purchased intangibles and stock-based compensation. Management of the company uses these pro forma results to compare the company's performance to that of prior periods for analysis of trends, and to evaluate the company's financial strength, develop budgets, manage expenditures, and develop a financial outlook. Pro forma results are supplemental and are not intended as a substitute for GAAP results. Relative to GAAP, pro forma results described in this release exclude the following items, net of associated taxes: amortization of purchased intangibles, such as developed technology and customer lists; amortization of stock-based compensation; a litigation settlement; merger, realignment and other costs primarily related to employee severance and the closure of idle facilities; in-process research and development charges; non-recurring acquisition-related transition expenses; and revenue, expenses and other items related to divested business operations.

Conference Call

Management will host a conference call at 5:00 PM (EST) today to discuss the company's operating performance and results. The conference call will be broadcast live through a link on the Investor Relations page on the Ascential web site at www.ascential.com/investors. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

For those who cannot attend the live broadcast, a replay will be available on the web site at www.ascential.com/investors or by calling (888) 562-6892 beginning about two hours after the call ends.

About Ascential Software

Ascential Software Corporation is the leading provider of enterprise data integration solutions to organizations worldwide. Customers use the Ascential Enterprise Integration Suite to integrate and leverage data across all transactional, operational, and analytical applications with confidence in the accuracy, completeness and timeliness of critical information. Ascential Software's powerful data profiling, data quality, data transformation, parallel processing, meta data and connectivity solutions enable customers to reduce total cost of ownership and increase return on IT investment. Headquartered in Westboro, Mass., Ascential Software has offices worldwide and supports more than 3,000 customers in such industries as financial services, telecommunications, healthcare, life sciences, manufacturing, consumer goods, retail, and government. More information on Ascential Software can be found on the web at www.ascential.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This public announcement contains forward-looking statements that are subject to numerous risks and uncertainties. These forward-looking statements address a variety of subjects including, for example, revenue growth; customer value; technology differentiation; activity levels and sales pipeline; market validation; increased market presence and visibility; payment of the remaining balance for the remaining Mercator shares; market opportunity of integration infrastructure; expanded customer base and growing market demand; changes to the enterprise data integration landscape; increased presence of data integration through the harnessing of the benefits of a Service Oriented Architecture and elimination of concerns about data sources, quality, volumes and latency; ability of customers to integrate and leverage data; growth of the enterprise data integration market and the company's unique position therein; seasonality; the functionality, characteristics, quality and performance capabilities of Ascential Software's products and technology; results achievable and benefits attainable through deployment of Ascential Software's products; anticipated innovation and product development; reduction in total cost of ownership for customers and return on IT investment; profitability; costs and expenses; interest income; 2004 tax rates; and the usefulness of pro forma results. Any statements contained in this public announcement, including without limitation statements to the effect that the company or its management "believes," "expects," "anticipates," "plans," "may," "will," "projects," "continues," "intends" or "estimates," or statements concerning "potential" or "opportunity" or other variations thereof or comparable terminology or the negative thereof that are not statements of historical fact should be considered forward-looking statements as a result of certain risks and uncertainties. These risks and uncertainties could cause actual results and events materially to differ for historical or anticipated results and events. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the closing of the company's books and customary quarter-end accounting procedures; the ability of Ascential Software to expand its market share; growth rates for the enterprise data integration software market; general business conditions in the software industry, the technology sector, and in the domestic and international economies; rapid technological change in the markets served by Ascential Software; dependence on international operations; global and geopolitical instability; and difficulties that Ascential Software may experience integrating technologies, operations and personnel of completed or future acquisitions, including the recent acquisition of Mercator Software, Inc. The financial measures discussed in this press release also involve risks and uncertainties and are subject to final audited results for the period or periods covered. Investors and potential investors should review carefully the description of risks and uncertainties that, together with other detailed information about the company, is contained in the periodic reports that the company files from time to time with the Securities and Exchange Commission, including the company's most recent Form 10-Q. The forward-looking statements and financial measures contained herein represent the judgment of Ascential Software, as of the date of this release, and Ascential Software disclaims any intent or obligation to update such forward-looking statements to reflect any change in Ascential's expectations with regard thereto or any change in events, conditions, and circumstances on which such statements are based.

Ascential is a trademark of Ascential Software Corporation or its affiliates and may be registered in the United States or other jurisdictions. Other marks are the property of the owners of those marks.

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ASCENTIAL SOFTWARE CORPORATION
PRO FORMA UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS (1)
(In thousands, except per share data)

Three Months Ended September 30, 2003

Total Transaction Other Pro
Consolidated & Transition Forma Pro Forma
GAAP Expense (2) Adjustments Adjusted (4)
(3)
NET REVENUES
Licenses $22,353 $-- $-- $22,353
Services 23,536 -- -- 23,536
45,889 -- -- 45,889

COSTS AND EXPENSES
Cost of licenses 3,874 -- (1,210) 2,664
Cost of services 10,331 (53) (160) 10,118
Sales and marketing 19,531 (732) (97) 18,702
Research and development 6,834 (349) -- 6,485
General and
administrative 6,472 (451) (88) 5,933
Merger, realignment and
other charges 1,654 (1,654) -- --
In-process research and
development 2,000 -- (2,000) --
50,696 (3,239) (3,555) 43,902

Operating income (loss) (4,807) 3,239 3,555 1,987

OTHER INCOME (EXPENSE)
Interest income 2,719 -- -- 2,719
Interest expense (58) -- -- (58)
Other, net 576 -- -- 576

INCOME (LOSS) BEFORE
INCOME TAXES (1,570) 3,239 3,555 5,224
Income tax expense
(benefit) 129 972 467 1,568

NET INCOME (LOSS) $(1,699) $2,267 $3,088 $3,656

NET INCOME (LOSS) PER
COMMON SHARE
Basic $(0.03) $0.06
Diluted $(0.03) $0.06

SHARES USED IN PER
SHARE CALCULATIONS
Basic 58,195 58,195
Diluted 58,195 59,946

(1) See Unaudited Consolidated Statements of Operations on a following
page of this release. Pro forma presentation is not intended to
replace GAAP presentation. Pro forma measures are calculated in the
manner described in this release.

(2) Pro forma adjustments in this column include a) $1.7 million of
merger, realignment and other charges consisting of severance and
adjustments to reserves for vacated real estate for the consolidation
of Ascential offices associated with the Mercator Acquisition, b)
$1.2 million of transition expenses related to the Mercator
Acquisition, and c) legacy expenses associated with divested business
operations. The adjustments in this column also include the effect of
an estimated associated tax benefit based on the effective tax rate.

(3) Other pro forma adjustments consist of a) the write off of in process
research and development costs related to the Mercator Acquisition,
and b) $1.2 million, $0.2 million, $0.1 million, and $0.1 million of
purchased intangible amortization recorded to cost of licenses, cost
of services, selling and marketing, and general and administrative
costs, respectively, and the estimated associated tax benefit of these
adjustments based on the effective tax rate.

(4) On September 12, 2003, we acquired Mercator Software. During the
third quarter, subsequent to the acquisition date, Mercator
contributed $2.2 million of license revenue, $2.7 million of services
revenue, $4.1 million of costs and expenses, resulting in $0.8 million
of operating income, $0.4 million of net income, and $0.01 of net
income per common share, diluted. These results are included in this
column.

ASCENTIAL SOFTWARE CORPORATION
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (GAAP)(1)
(In thousands, except per share data)

Three Months Ended Nine Months Ended
September 30, September 30,
2003 2002 2003 2002
NET REVENUES
Licenses $22,353 $14,897 $62,539 $40,764
Services 23,536 15,315 58,575 38,203
45,889 30,212 121,114 78,967

COSTS AND EXPENSES
Cost of licenses 3,874 3,675 10,828 14,745
Cost of services 10,331 9,064 26,406 25,641
Sales and marketing 19,531 18,298 53,075 57,229
Research and development 6,834 6,170 17,714 19,277
General and
administrative 6,472 8,773 19,843 31,307
Merger, realignment and
other charges (2) 1,654 7,704 2,086 19,370
Write-off of acquired
in-process research
and development 2,000 -- 2,000 1,170
50,696 53,684 131,952 168,739

Operating loss (4,807) (23,472) (10,838) (89,772)

OTHER INCOME (EXPENSE)
Interest income 2,719 4,100 8,934 15,561
Interest expense (58) (39) (88) (78)
Adjustment to gain on
sale of database
business -- (1,394) -- 6,240
Litigation settlement
income -- -- -- 3,127
Other, net 576 (872) 652 (3,070)

INCOME (LOSS) BEFORE
INCOME TAXES (1,570) (21,677) (1,340) (67,992)
Income tax expense
(benefit) 129 (5,420) 198 (14,587)

NET INCOME (LOSS) $(1,699) $(16,257) $(1,538) $(53,405)

NET INCOME (LOSS) PER
COMMON SHARE (3)
Basic $(0.03) $(0.27) $(0.03) $(0.85)
Diluted $(0.03) $(0.27) $(0.03) $(0.85)

SHARES USED IN PER SHARE
CALCULATIONS (3)
Basic 58,195 61,330 58,028 62,842
Diluted 58,195 61,330 58,028 62,842

(1) See pro forma results of operations and related reconciliations to
GAAP results for the three months ended September 30, 2003 on a prior
page of this release and reconciliation between GAAP and pro forma
results for the three months ended September 30, 2002 on a subsequent
page of this release

(2) Merger, realignment and other charges principally include severance
and real estate costs related to the consolidation or elimination of
offices. These costs are the result of a realignment of the business
due to business combinations, a sale of a business or the termination
of a product line.

(3) On June 17, 2003 the Company effected a 1-for-4 reverse stock split.
Accordingly, all share and earnings per share figures have been
restated as though the reverse split was in effect for all periods
presented.

ASCENTIAL SOFTWARE CORPORATION
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands)

September 30, December 31,
2003 2002
ASSETS
CURRENT ASSETS
Cash and cash equivalents $303,344 $216,551
Short-term investments 221,383 288,199
Accounts receivable, net 38,767 27,112
Receivable on sale of database business -- 109,200
Other current assets 13,596 31,136

Total current assets 577,090 672,198

Property and equipment net 11,358 5,427
Software costs, net 14,502 14,124
Long-term investments 2,031 966
Goodwill and intangible assets, net 350,853 173,740
Deferred income taxes 29,789 28,515
Other assets 10,527 11,280

Total Assets $996,150 $906,250

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable $12,930 $8,136
Accrued expenses 69,379 23,137
Accrued employee compensation 19,904 14,861
Income taxes payable 79,313 98,916
Accrued merger, realignment and other charges 10,023 15,698
Deferred income taxes 32,235 33,171
Deferred revenue 43,021 17,666
Other current liabilities 14,483 479

Total current liabilities 281,288 212,064

Lease Obligations 665 --

Total Liabilities 281,953 212,064

Total Stockholders' Equity 714,197 694,186

Total Liabilities and Stockholders' Equity $996,150 $906,250

ASCENTIAL SOFTWARE CORPORATION
SELECTED UNAUDITED REVENUE HISTORY
(In millions)

Q1 Q2 Q3 Q4 Total Q1 Q2 (1)Q3
2002 2002 2002 2002 2002 2003 2003 2003
LICENSE
REVENUE:
Data
Integration $10.7 $15.1 $14.9 $18.8 $59.5 $19.2 $21.0 $22.3
Content
Management 0.1 -- -- 0.1 0.1 -- -- --
Total 10.8 15.1 14.9 18.9 59.6 19.2 21.0 22.3

SERVICES REVENUE:
Data
Integration 9.3 12.5 15.1 15.1 52.0 16.0 18.8 23.6
Content
Management 0.7 0.4 0.2 0.1 1.4 0.1 0.1 --
Total 10.0 12.9 15.3 15.2 53.4 16.1 18.9 23.6

TOTAL:
Data
Integration 20.0 27.6 30.0 33.9 111.5 35.2 39.8 45.9
Content
Management 0.8 0.4 0.2 0.2 1.5 0.1 0.1 --
Total $20.8 $28.0 $30.2 $34.1 $113.0 $35.3 $39.9 $45.9

% of revenue
from 10%
customers in
the period 11% -- 11% 16% 11% -- 13% --

(1) Includes Mercator license revenue of $2.2 million, and services
revenue of $2.7 million for the period from the date of acquisition,
September 12, 2003, through September 30, 2003.

ASCENTIAL SOFTWARE CORPORATION PRO FORMA UNAUDITED CONSOLIDATED STATEMENT OF
OPERATIONS (1) (In thousands, except per share data)

Three months ended June 30, 2003

Total Pro Forma Pro Forma
GAAP Consolidated Adjusted
Adjustments (2)
NET REVENUES
Licenses $21,016 $ -- $21,016
Services 18,913 (81) 18,832
39,929 (81) 39,848
COSTS AND EXPENSES
Cost of licenses 3,353 (1,113) 2,240
Cost of services 8,828 (243) 8,585
Sales and marketing 16,849 -- 16,849
Research and development 5,510 -- 5,510
General and administrative 6,962 (1,583) 5,379
Merger, realignment and
other costs 432 (432) --
41,934 (3,371) 38,563
Operating income (loss) (2,005) 3,290 1,285
OTHER INCOME (EXPENSE)
Interest income 2,903 -- 2,903
Interest expense (7) -- (7)
Other, net 102 -- 102
INCOME BEFORE INCOME TAXES 993 3,290 4,283
Income tax expense 298 987 1,285
NET INCOME $695 $2,303 $2,998
NET INCOME PER COMMON
SHARE (3)
Basic $0.01 $0.05
Diluted $0.01 $0.05

SHARES USED IN PER SHARE
CALCULATIONS (3)
Basic 58,009 58,009
Diluted 59,059 59,059

(1) Pro forma presentation is not intended to replace GAAP presentation.
Pro forma measures are calculated in the manner described in this
release.

(2) Pro forma adjustments represent:
- revenue and expenses associated with the remaining service
obligations under content management customer contracts including
$81 in services revenue, $83 in cost of services and $24 of general
and administrative costs. The content management product line was
terminated during the second quarter of 2002.
- amortization of purchased intangibles including technology and
customer lists consisting of $1,113 in cost of software and $160 in
cost of services.
- general and administrative costs totaling $434 associated with the
Informix database business sold to IBM in the third quarter of 2001;
comprised primarily of dispute resolution costs and administrative
costs associated with the closure of idle database operations.
- general and administrative costs totaling $1,125 related to the
settlement of litigation during the quarter.
- merger, realignment and other costs totaling $432 for adjustments to
reserves for vacated real estate.
- the estimated tax benefit of $987 associated with the above
adjustments based upon the effective tax rate.

(3) On June 17, 2003 the Company effected a 1-for-4 reverse stock split.
Accordingly, all share and earnings per share figures have been
restated as though the reverse split was in effect for all periods
presented.

ASCENTIAL SOFTWARE CORPORATION
PRO FORMA UNAUDITED CONSOLIDATED STATEMENT OF OPERATIONS (1)
(In thousands, except per share data)

Three Months Ended September 30, 2002
Results of
Content Database Adjustments
Total Management Transaction for GAAP Pro Forma
Consolidated Product Line & Transition Reporting Continuing
GAAP (2) (3) Purposes Operations
(4)
NET REVENUES
Licenses $14,897 $(34) $- $- $14,863
Services 15,315 (175) - - 15,140
30,212 (209) - - 30,003

COSTS AND EXPENSES
Cost of
software 3,675 (7) - (1,113) 2,555
Cost of
services 9,064 (725) - (160) 8,179
Sales and
marketing 18,298 - - - 18,298
Research and
development 6,170 (178) - - 5,992
General and
administrative 8,773 (370) (2,503) (72) 5,828
Merger,
realignment
and other
charges (5) 7,704 - - (7,704) -
53,684 (1,280) (2,503) (9,049) 40,852

Operating loss (23,472) 1,071 2,503 9,049 (10,849)

OTHER INCOME (EXPENSE)
Interest income 4,100 - - - 4,100
Interest expense (39) - - - (39)
Adjustment to gain on
sale of
database
business (1,394) - 1,394 - -
Other, net (872) - - - (872)

INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES,
excluding charges, related
tax benefit and
amortization of
purchased
intangibles (21,677) 1,071 3,897 9,049 (7,660)
Income tax
expense
(benefit) (5,420) 268 974 2,263 (1,915)

INCOME (LOSS) FROM OPERATIONS,
excluding charges and related tax benefit
and amortization of
purchased
intangibles $(16,257) $803 $2,923 $6,786 $(5,745)

LOSS PER COMMON SHARE: (6)
Excluding charges and
related tax benefit and
amortization of purchased
intangibles $(0.27) $(0.09)

NET LOSS PER COMMON SHARE (6)
Basic and Diluted
$(0.27) $(0.17)

SHARES USED IN
PER SHARE CALCULATIONS
Excluding
charges 61,330 61,330
Basic and
diluted 61,330 61,330


* (1) Pro forma presentation is not intended to replace GAAP presentation. Pro forma measures are calculated in the manner described in this release.
* (2) Operating results in this column include revenue and expenses associated with the content management product line which was discontinued during the second quarter of 2002.
* (3) Operating results in this column include expenses associated with the database business sold to IBM during the third quarter of 2001, and is comprised primarily of litigation settlements, adjustments to real estate reserves and administrative costs associated with the closure of idle database operations.
* (4) In addition to the revenue and expenses associated with the content management and database operations, reconciling items between pro forma presentation and GAAP presentation are comprised of amortization of purchased intangibles and merger, realignment and other costs.
* (5) Merger, realignment and other charges consist of severance and facilities charges associated with the third quarter 2002 realignment, adjustments to real estate reserves and write off of fixed assets associated with the sale of the database business to IBM, and additional severance and legal settlements associated with the content management product line that was discontinued during the second quarter of 2002.
* (6) On June 17, 2003 the Company effected a 1-for-4 reverse stock split. Accordingly, all share and earnings per share figures have been restated as though the reverse split was in effect for all periods presented.

Source: Ascential Software Corporation

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To: SemiBull who wrote (157)10/23/2003 7:56:49 PM
From: SemiBull
   of 179
 
5:01PM Ascential beat by $0.03, ex items, guides above consensus (ASCL) 19.54 -1.57: Reports Q3 (Sep) earnings of $0.06 per share, ex items, $0.03 better than the Reuters Research consensus of $0.03; revenues rose 51.9% year/year to $45.9 mln vs the $43.9 mln consensus. Company sees Q4 revs of $61-64 mln, consensus $57.3 mln. For Y04 $265-275 mln, consensus $255.7.
finance.yahoo.com

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To: SemiBull who wrote (158)10/23/2003 9:53:37 PM
From: David Jones
   of 179
 
Hello SimiBull;
I've held Ascl for a couple years now. I was a bit flooded this am as it dropped and closed down buck and a half but after hours showed better sense.
This and Ptek are two longs in tech.
Have a day and think you for your postings.

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