Skip navigation




8 October 2001 - Marimba, Inc. (Nasdaq: MRBA), a leading provider of systems
management solutions built for e-business, today announced preliminary
expectations of financial results for its third quarter ended 30 September
2001.



For the third quarter, total revenues are expected to be approximately $10.0
million. Pro forma diluted net loss per share is expected to be in the range
of 10 to 12 cents, excluding a non-cash charge of $572,000 for deferred
stock compensation. Including the non-cash charge, diluted net loss per
share for the third quarter is expected to be in the range of 13 to 15
cents.



"An already weak economy, compounded by the tragic events of September 11
and their aftermath, resulted in the delay of a number of anticipated orders
for the quarter," said Rich Wyckoff, Marimba's president and chief executive
officer. "Especially impacted was our Northeast region, which has
traditionally been one of the company's strongest contributors to revenue.
We are managing our expenditures in this difficult business climate, while
at the same time maintaining our focus on core product development and sales
activities. We plan to reduce our cost structure by an additional $1.0
million for the fourth quarter through a combination of cost-cutting
measures, including reducing staffing levels."



"Despite lower revenues for the third quarter, we were able to keep our pro
forma loss in line with the prior quarter and maintain a strong cash
position," said Ken Owyang, Marimba's chief financial officer. "We expect to
report cash and investments totaling approximately $61.0 million at the end
of the third quarter."



The expected financial results for Marimba's third quarter contained in this
announcement are preliminary, based on the best information currently
available to Marimba, and subject to the closing of its financial books and
customary quarterly review procedures with its independent auditors. Marimba
plans to announce its final financial results for the third quarter on 22
October 2001 at approximately 1:01 p.m. PT.



Marimba also plans to conduct a teleconference on 22 October beginning at
1:45 p.m. PT (4:45 p.m. ET) to discuss its final financial results for the
third quarter. Anyone wishing to participate may do so by calling +1 913
981-5507 approximately 10 minutes prior to the start of the call. This
teleconference will be Webcast live and archived for one week at
http://marimba.com/investor/conference_call.html . In addition, a telephone
replay will be available for one week at +1 719 457-0820; the passcode is
484994.



About Marimba



Headquartered in Mountain View, Calif., Marimba, Inc. (Nasdaq: MRBA)
provides systems management solutions built for e-business. Marimba's Server
Management, Desktop/Mobile Management, and Embedded Management product
families allow Global 2000 companies to better manage their IT resources,
increase operational efficiency and reduce IT costs.


For more information,
please call +44 118 949 7060, or visit our Web site at http://www.marimba.com



This announcement contains forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934 and section 21E of the
Securities Exchange Act of 1934, and is subject to the safe harbors created
by these sections. These forward-looking statements include statements
regarding: expected financial results for the third quarter, the general
economic climate, delays in customer orders, cost reduction and control
measures and the resulting savings in the fourth quarter, maintaining focus
on core product development and sales activities, and the value of Marimba's
cash and investments at the end of the third quarter. The results expected
by the forward-looking statements in this announcement are subject to a
number of risks and uncertainties, including: the ability of Marimba to
effectively manage its costs against uncertain revenue expectations, the
ability of Marimba to close the delayed anticipated orders mentioned above
in its fourth quarter or subsequent quarters, the potential for a decrease
in net revenue which may be caused by delays in the timing of sales and the
delivery of products or services, fluctuations in customer demand,
challenges associated with growing the company, Marimba's need to retain key
personnel, Marimba's dependence on the success of its existing and planned
products, competition from other vendors, Marimba's need to increase
third-party distribution and other reseller relationships, the operational,
technical and strategic challenges Marimba faces in developing new products
(which may affect its ability to release new products on schedule and the
degree to which the products are accepted by customers), and general
economic, technological and market conditions, which could affect the level
of demand for change management solutions in general and Marimba's products
in particular. Actual results may differ materially from the results
anticipated by these forward-looking statements due to the factors listed
above and other factors. The financial results indicated in this
announcement are preliminary estimates only. The final financial results
that will be reported by Marimba for the third quarter are subject to
further review of the revenue recognised and expenses incurred in the third
quarter for consistency with Marimba's accounting policies and GAAP. These
final financial results may not fall within the ranges indicated above and
could differ materially. The matters discussed in this announcement also
involves risks and uncertainties described from time to time in Marimba's
filings with the Securities and Exchange Commission (SEC). In particular,
see the risk factors described in Marimba's most recently filed Annual
Report on Form 10-K and Quarterly Report on Form 10-Q, each as submitted to
the SEC and as may be updated or amended with future filings or submissions.
Marimba undertakes no obligation to release publicly any updates or
revisions to any forward-looking statements contained in this announcement
that may reflect events or circumstances occurring after the date of this
announcement.



-ends-




Marimba is a registered trademark of Marimba, Inc. in the U.S. and/or
certain other countries. Other product, trademark, company or service names
mentioned herein are the property of their respective owners.


Jenny Holt
AxiCom UK
Direct: +44 (0)20 8600 4651
Mob: +44 (0)7730 438 762
Email: jenny.holt@axicom.com

Web: http://www.axicom.com

This press release was distributed by ResponseSource Press Release Wire on behalf of AxiCom in the following categories: Consumer Technology, Personal Finance, Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.