BackWeb Technologies Announces Preliminary Q1 Revenues, Earnings Results

Apr 02, 2001, 01:00 ET from BackWeb Technologies

    SAN JOSE, Calif., April 2 /PRNewswire/ -- BackWeb Technologies
 (Nasdaq: BWEB), a leading provider of push communications infrastructure for
 e-business, today announced that it expects revenues for the first quarter
 ended March. 31, 2001 to be between $7.0 and $7.4 million, which would be
 similar to revenues in the fourth quarter of 2000.  Loss per diluted share for
 the first quarter is expected to be between $0.16 and $0.19 (excluding
 amortization charges related to a previous acquisition and deferred stock
 compensation).
     "The economic slowdown and the uncertain business climate in the Global
 2000 companies have impacted our ability to close sales this quarter.  We
 remain confident in BackWeb's long-term position, growth prospects and
 expanded market share opportunity; however, uncertainty in the current economy
 is causing our customers to delay and reassess IT-spending.  In light of these
 conditions, BackWeb will make the necessary adjustments to maintain our strong
 cash position, while continuing to invest wisely in our market growth," said
 Eli Barkat, chairman and CEO of BackWeb Technologies.
 
     First Quarter Earnings Conference Call
     BackWeb will be releasing its full results for the first quarter of 2001
 on Monday, April 23 after the market close.  A conference call will be held
 following the earnings release at 2 p.m. Pacific Time that day.  Those wishing
 to join should dial 702-257-3647, passcode "BackWeb" at approximately
 1:45 p.m.  A live webcast of the conference call will also be available via
 the company's website at www.backweb.com.  A replay of the call will be
 available starting one hour after the completion of the call until
 Apr. 30, 2001.  To access the replay, please dial 402-220-3767.
 
     About BackWeb Technologies
     BackWeb Technologies is a leading provider of push communications
 infrastructure for e-business that enable companies to proactively communicate
 time-sensitive, business-critical information throughout Internet and Wireless
 networks to customers, partners and employees.  Corporations such as Cisco,
 Compaq, Hewlett-Packard, and Schlumberger Dowell have deployed BackWeb's
 Polite(R) push communications infrastructure for managing critical changes for
 key e-business and customer service applications.  BackWeb Technologies is
 headquartered in San Jose, California, and Ramat Gan, Israel.  For more
 information, visit its web site at www.backweb.com.
 
     The foregoing contains forward-looking statements within the meaning of
 the U. S. federal securities laws.  The forward looking statements include,
 but are not limited to, those regarding the company's expected results for the
 quarter ended March 31, 2001, the Company's long term position and growth
 prospects and the Company's ability to reduce its cost structure.  Actual
 results could differ materially from that predicted in the forward-looking
 statements.  The financial results to be reported by BackWeb for its first
 quarter are subject to further review of the revenue recognized under
 BackWeb's accounting policies, generally accepted accounting principles, and
 are subject to typical quarterly adjustment, if any, and review of such
 results by BackWeb's auditors.  Factors that could cause the Company's other
 forward looking projections to differ materially include the weakening
 economy, the Company's ability to realize sufficient cost savings from its
 efforts to reduce its cost structure, lengthening of sales cycles, changes in
 needs and priorities of customers and potential customers regarding
 communications infrastructure, changes in the competitive landscape,
 including, new competitors and/or the impact of competitive pricing and
 products, dependence upon a limited number of key resellers and customers, the
 pace of IT spending, timely availability of and customer acceptance of new and
 existing products, rapid changes in market conditions due to changing
 technological standards, fluctuations in quarterly results, BackWeb's
 dependence upon and ability to attract and retain qualified employees,
 BackWeb's ability to integrate technology acquired through acquisitions with
 its existing technology,  and the risks and uncertainties detailed from time
 to time in BackWeb's periodic reports and registration statements filed with
 the U.S. Securities and Exchange Commission.  BackWeb undertakes no obligation
 to update or revise any forward-looking statements.
     NOTE:  BackWeb and Polite are registered trademarks of BackWeb
 Technologies. All other trademarks are the property of their respective
 owners.
 
 

SOURCE BackWeb Technologies
    SAN JOSE, Calif., April 2 /PRNewswire/ -- BackWeb Technologies
 (Nasdaq: BWEB), a leading provider of push communications infrastructure for
 e-business, today announced that it expects revenues for the first quarter
 ended March. 31, 2001 to be between $7.0 and $7.4 million, which would be
 similar to revenues in the fourth quarter of 2000.  Loss per diluted share for
 the first quarter is expected to be between $0.16 and $0.19 (excluding
 amortization charges related to a previous acquisition and deferred stock
 compensation).
     "The economic slowdown and the uncertain business climate in the Global
 2000 companies have impacted our ability to close sales this quarter.  We
 remain confident in BackWeb's long-term position, growth prospects and
 expanded market share opportunity; however, uncertainty in the current economy
 is causing our customers to delay and reassess IT-spending.  In light of these
 conditions, BackWeb will make the necessary adjustments to maintain our strong
 cash position, while continuing to invest wisely in our market growth," said
 Eli Barkat, chairman and CEO of BackWeb Technologies.
 
     First Quarter Earnings Conference Call
     BackWeb will be releasing its full results for the first quarter of 2001
 on Monday, April 23 after the market close.  A conference call will be held
 following the earnings release at 2 p.m. Pacific Time that day.  Those wishing
 to join should dial 702-257-3647, passcode "BackWeb" at approximately
 1:45 p.m.  A live webcast of the conference call will also be available via
 the company's website at www.backweb.com.  A replay of the call will be
 available starting one hour after the completion of the call until
 Apr. 30, 2001.  To access the replay, please dial 402-220-3767.
 
     About BackWeb Technologies
     BackWeb Technologies is a leading provider of push communications
 infrastructure for e-business that enable companies to proactively communicate
 time-sensitive, business-critical information throughout Internet and Wireless
 networks to customers, partners and employees.  Corporations such as Cisco,
 Compaq, Hewlett-Packard, and Schlumberger Dowell have deployed BackWeb's
 Polite(R) push communications infrastructure for managing critical changes for
 key e-business and customer service applications.  BackWeb Technologies is
 headquartered in San Jose, California, and Ramat Gan, Israel.  For more
 information, visit its web site at www.backweb.com.
 
     The foregoing contains forward-looking statements within the meaning of
 the U. S. federal securities laws.  The forward looking statements include,
 but are not limited to, those regarding the company's expected results for the
 quarter ended March 31, 2001, the Company's long term position and growth
 prospects and the Company's ability to reduce its cost structure.  Actual
 results could differ materially from that predicted in the forward-looking
 statements.  The financial results to be reported by BackWeb for its first
 quarter are subject to further review of the revenue recognized under
 BackWeb's accounting policies, generally accepted accounting principles, and
 are subject to typical quarterly adjustment, if any, and review of such
 results by BackWeb's auditors.  Factors that could cause the Company's other
 forward looking projections to differ materially include the weakening
 economy, the Company's ability to realize sufficient cost savings from its
 efforts to reduce its cost structure, lengthening of sales cycles, changes in
 needs and priorities of customers and potential customers regarding
 communications infrastructure, changes in the competitive landscape,
 including, new competitors and/or the impact of competitive pricing and
 products, dependence upon a limited number of key resellers and customers, the
 pace of IT spending, timely availability of and customer acceptance of new and
 existing products, rapid changes in market conditions due to changing
 technological standards, fluctuations in quarterly results, BackWeb's
 dependence upon and ability to attract and retain qualified employees,
 BackWeb's ability to integrate technology acquired through acquisitions with
 its existing technology,  and the risks and uncertainties detailed from time
 to time in BackWeb's periodic reports and registration statements filed with
 the U.S. Securities and Exchange Commission.  BackWeb undertakes no obligation
 to update or revise any forward-looking statements.
     NOTE:  BackWeb and Polite are registered trademarks of BackWeb
 Technologies. All other trademarks are the property of their respective
 owners.
 
 SOURCE  BackWeb Technologies