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Wind River Founder Joins db4objects Board, Company Reports Earnings

by Peter Krass

June 26, 2006

Jerry Fiedler, founding CEO of DSO vendor Wind River, has joined the board of db4objects, a vendor of open source object database for Java and .NET. Fiedler founded Wind River back in 1981. He's an investor in db4ojbects, along with venture capitalist Vinod Khosla; Tim Howes, CTO of Opsware; and Tim O'Reilly, CEO of book publisher O'Reilly Media. More info: Jerry Fiddler Joins db4objects Board of Directors (press release).

Speaking of Wind River, earlier this month the company a 5% increase in revenue for the first quarter ended April 30, to $65.0 million. Earnings were more complicated: Non-GAAP net income -- which excludes stock-based compensation expense, amortization of intangibles, restructuring expenses, payroll taxes on exercise of employee stock options, and the income tax impact of these adjustments -- was $2.8 million, which compares favorably with $2.4 million for the year-earlier quarter. But with GAAP factored in, the company lost $2.1 million, compared with GAAP net income of $1.8 million for the year-earlier quarter. Wind River explains the difference this way: "Net income prior to fiscal year 2007 did not include stock-based compensation expense related to SFAS 123R." (That's "Statement of Financial Accounting Standards No. 123R, Share-Based Payment" for the rest of us.)

Looking ahead to the second quarter, Wind River says it expects revenue of $290 million to $300 million, and GAAP earnings of $20 million to $23 million. More info: Wind River Reports First Quarter Fiscal Year 2007 Results (financial release).

Posted at 03:36 PM



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