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Bitmap Image  |  1996-10-31  |  206KB  |  615x332  |  4-bit (11 colors)
Labels: bulletin board | reckoner | sky
OCR: Research and development expenses increased in fiscal 1996 but declined as a percent: age of total revenues The increase was due primaril additional headcount as result ot the increase of products under development The Company released ten major products in fiscal 1996 com pared to five in fiscal 1995 General and administrative expenses increased in fiscal 1996, but declined as a percentage of total revenues The increase was due to additional headcount and costs associated with building the infrastructure required t support the growth of the Company Following the three acquisitions of Fauve Software Ine {Fauve osc Inc. (OSC} and iband, Inc {iband, the Company merger costs in 1996 which included transaction fees for financial and legal advisers and relocation and reorganization expenses whi ...