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Bitmap Image  |  1996-10-31  |  206KB  |  615x332  |  4-bit (11 colors)
Labels: bulletin board | reckoner | sky
OCR: Sales and marketing expenses increased in fiscal 1995 but declined as a percentage of total revenues. The increase was due primaril ta marketing and promotional efforts associated with new product releases the additional Istaffing required to support these efforts, and the higher payroll and related expenses as a result of the increased headcount due to the merger with Altsvs Corporation (sc Altsys). In addition, higher revenue also led to increases in certain variable selling expenses. Research and development expenses increased in fiscal 1995 but declined as percentage of total revenues The increase was due primarily to additional headcount as a result of the merger with Altsys. The Company released five major produets in fiscal 1995 compared to seven in fiscal 1994 General and administr ...