View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 13, 1987

TEKNOWLEDGE EXPECTS TO REPORT LOSSES

By CBR Staff Writer

No-one in the US artificial intelligence business is dancing in the streets these days, and Palo Alto-based Teknowledge Inc is no exception: the firm expects to report a loss of about $2.9m for its fiscal fourth quarter on revenue of about $5.1m, and a similar loss for the year to June 30 on sales of $20.5m or so: losses are down to lower than expected software product revenue, increased marketing and sales expenses, a $1.1m write-off of hardware and capitalised software costs, and about $200,000 of non-recurring expenses; the company sees slower growth in the market for expert systems software than it expected, but is going ahead with a major new family of software products called Copernicus, aimed at mainstream users in big companies.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy Policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
THANK YOU