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Objectshare Inc

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BUSINESS
November 13, 1998
The Irvine computer networking company said net income for the second fiscal quarter totaled $10,000, contrasted with a net loss of $5 million, or 42 cents a share, for the prior-year period. Revenue for the quarter ended Sept. 30 declined 13% to $4.2 million from $4.8 million.
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BUSINESS
September 2, 1999 | Jonathan Gaw
Irvine-based ObjectShare Inc. said it sold its marquee software development system and transferred its related engineering, sales and support teams to Cincinnati-based Cincom Systems Inc. ObjectShare said the deal for VirtualWorks was worth $3 million, a figure that includes assumed debts, guaranteed royalty payments and other "additional considerations," as well as cash. ObjectShare stock fell 3 cents, or 5%, Tuesday to 59 cents in over-the-counter trading. Cincom is privately held.
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BUSINESS
August 14, 1998
ObjectShare Inc.: The Irvine software and services company said net income for the first fiscal quarter ended June 30 rose to $29,000, contrasted with a net loss of $2.5 million, or 21 cents a share, for the like period a year ago. Revenue declined 12% to $4.5 million from $5.1 million.
BUSINESS
July 1, 1999 | P.J. Huffstutter
Citing a continued market slump, ObjectShare Inc. said Wednesday that it lost $2.5 million, or 20 cents a share, for its fiscal fourth quarter ended March 31. For the same period a year earlier, the Irvine provider of computer networking products and services had posted a net income of $327,000, or 2 cents per share. Sales for the quarter fell 22%, to $4.2 million, from $5.4 million. ObjectShare said it lost $4.8 million, or 39 cents a share, for the full fiscal year, compared with a loss of $7.
BUSINESS
June 25, 1999 | Dow Jones
ObjectShare Inc. said its stock has been delisted from the Nasdaq national market for failing to meet listing requirements. In a press release Thursday, the company said it is appealing the decision. ObjectShare expects its shares to trade over-the-counter under the symbol OBJS. The stock closed Thursday at 63 cents a share, down 38 cents. ObjectShare provides object-oriented business systems for network computing.
BUSINESS
September 2, 1999 | Jonathan Gaw
Irvine-based ObjectShare Inc. said it sold its marquee software development system and transferred its related engineering, sales and support teams to Cincinnati-based Cincom Systems Inc. ObjectShare said the deal for VirtualWorks was worth $3 million, a figure that includes assumed debts, guaranteed royalty payments and other "additional considerations," as well as cash. ObjectShare stock fell 3 cents, or 5%, Tuesday to 59 cents in over-the-counter trading. Cincom is privately held.
BUSINESS
June 21, 1998 | (Dow Jones)
ObjectShare Inc. named Lester Hill and Samuel M. Inman III to the board, boosting its size to five from four. The Irvine software company said James C. Anderson resigned from the board to pursue other opportunities. Hill, 54, is the former chief executive and chairman of Pacific Scientific Co., a manufacturer of motion control, process control and safety equipment that was acquired in April by Danaher Corp.
BUSINESS
June 18, 1999
ObjectShare Inc., the Irvine-based network computing software firm, said Thursday it named Winston Hickman as chief financial officer, replacing interim CFO Kevin Brooks. The company also announced that Jos C. Henkens resigned his board position to pursue other interests. ObjectShare did not name his replacement. Professor Mark Baldassare, an expert on public opinion research, was named Thursday to a chair in civic governance and public management at UCI's School of Social Ecology.
BUSINESS
July 1, 1999 | P.J. Huffstutter
Citing a continued market slump, ObjectShare Inc. said Wednesday that it lost $2.5 million, or 20 cents a share, for its fiscal fourth quarter ended March 31. For the same period a year earlier, the Irvine provider of computer networking products and services had posted a net income of $327,000, or 2 cents per share. Sales for the quarter fell 22%, to $4.2 million, from $5.4 million. ObjectShare said it lost $4.8 million, or 39 cents a share, for the full fiscal year, compared with a loss of $7.
BUSINESS
May 29, 1998
ObjectShare Inc., Irvine provider of computer networking products and services, said it returned to profitability in the fourth fiscal quarter ended March 31, although revenue declined. The company posted net income of $328,000, or 2 cents a share, compared with a loss of $4.9 million, or 41 cents a share, a year ago. The year-earlier figure included a $3 million restructuring charge. Revenue was down 25% to $5.4 million from $7.2 million. For the year, the company recorded a net loss of $7.
BUSINESS
June 25, 1999 | Dow Jones
ObjectShare Inc. said its stock has been delisted from the Nasdaq national market for failing to meet listing requirements. In a press release Thursday, the company said it is appealing the decision. ObjectShare expects its shares to trade over-the-counter under the symbol OBJS. The stock closed Thursday at 63 cents a share, down 38 cents. ObjectShare provides object-oriented business systems for network computing.
BUSINESS
June 18, 1999
ObjectShare Inc., the Irvine-based network computing software firm, said Thursday it named Winston Hickman as chief financial officer, replacing interim CFO Kevin Brooks. The company also announced that Jos C. Henkens resigned his board position to pursue other interests. ObjectShare did not name his replacement. Professor Mark Baldassare, an expert on public opinion research, was named Thursday to a chair in civic governance and public management at UCI's School of Social Ecology.
BUSINESS
March 9, 1999
ObjectShare Inc. said it expects its stock to resume trading today on the Nasdaq market. Nasdaq temporarily halted trading Feb. 17, when the Irvine software maker announced a delay in filing its results for the third fiscal quarter and said it would have to restate results for the first two quarters because of an internal accounting problem. The stock closed at $1.06 a share on Feb. 16. On Feb. 23, the company reported that it lost $1.
BUSINESS
February 24, 1999 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Citing an internal accounting problem, troubled Irvine software maker ObjectShare Inc. said Tuesday that its third-quarter losses more than doubled from a year ago, and that restated results from the first two quarters turned small profits into sizable losses. For its third quarter ended Dec. 31, the company lost $1.1 million, or 9 cents a share, compared with a $417,000 deficit, or 3 cents a share, a year earlier. Revenue fell 18%, to $4 million, from $4.9 million a year earlier.
BUSINESS
February 18, 1999 | From Times wire reports
Computer software and services firm ObjectShare Inc. said Wednesday it expects to report significant losses for the first three quarters of fiscal 1998 because of accounting glitches that have forced the Irvine company to restate its earnings. ObjectShare said it will have to restate its results for the first two quarters and is delaying its report on the third period, which ended Dec. 31, until next week to sort out the accounting issues.
BUSINESS
November 13, 1998
The Irvine computer networking company said net income for the second fiscal quarter totaled $10,000, contrasted with a net loss of $5 million, or 42 cents a share, for the prior-year period. Revenue for the quarter ended Sept. 30 declined 13% to $4.2 million from $4.8 million.
BUSINESS
August 14, 1998
ObjectShare Inc.: The Irvine software and services company said net income for the first fiscal quarter ended June 30 rose to $29,000, contrasted with a net loss of $2.5 million, or 21 cents a share, for the like period a year ago. Revenue declined 12% to $4.5 million from $5.1 million.
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