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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): March 31, 1998
QUARTERDECK CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 0-19207 95-4320650
(State or Other Jurisdiction of (Commission File Number) (I.R.S.Employer
Incorporation or Organization) Identification No.)
13160 MINDANAO WAY
MARINA DEL REY, CALIFORNIA 90292
(Address of Principal Executive Offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (310) 309-3700
NONE
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On March 31, 1998, Quarterdeck Corporation announced that it expects
that net revenues for the quarter ending March 31, 1998, will be approximately
20-25% less than net revenues for the December quarter. A copy of the press
release dated March 31, 1998 with respect to the expected net revenues is filed
herewith as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
The following is filed as an exhibit to this Current Report on Form 8-K:
99.1 Press Release dated March 31, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the undersigned
hereunto duly authorized.
Dated: March 31, 1998 QUARTERDECK CORPORATION
By: /s/ Frank R. Greico
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Frank R. Greico
Senior Vice President and
Chief Financial Officer
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
MARCH 31, 1998
CONTACTS:
Frank Greico
Quarterdeck Corporation
310-309-4232
[email protected]
Ana Thorne
Quarterdeck Corporation
310-309-3767
[email protected]
QUARTERDECK PREANNOUNCES MARCH QUARTER RESULTS
MARINA DEL REY, CA - MARCH 31, 1998 - Quarterdeck Corporation (Nasdaq: QDEK)
today announced that it expects that net revenues for the quarter ending March
31, 1998, will be approximately 20-25% less than net revenues for the December
quarter, resulting in an expected operating loss of several million dollars for
the quarter. The revenue shortfall and associated loss reflect price pressures
in the US retail market, the transition of telesales operations to an
outsourcer, slowly ramping sales of certain new products, and deferred shipment
of the newest products into international markets. The Company said it expects
substantial revenue contributions from these new products going forward but
would also be reducing run-rate operating costs.
ABOUT QUARTERDECK
Quarterdeck Corporation is a global leader in the development and marketing of
PC helpware software designed to prevent and solve PC performance problems,
especially those encountered in networked -- Internet and intranet --
environments. The Company's goal is to make personal computing trouble-free for
users and network administrators alike, while reducing the need for live
technical support. Quarterdeck's current product line, which addresses storage
management, system conflict resolution, virus protection, system updating, and
enhanced access to networked information and communications resources, is
marketed to both end-users and businesses via retail distribution, corporate
resellers and OEMs, direct marketing channels, and the Internet. Quarterdeck's
products are available in more than 14,000 outlets throughout the United States
and Canada, as well as in over 29 countries worldwide. Incorporated in 1982 and
traded on Nasdaq under the symbol QDEK, Quarterdeck's worldwide headquarters are
in Marina del Rey,
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California, with its European operations based in Dublin, Ireland. Further
information may be obtained by calling 310-309-3755, by accessing Quarterdeck's
Web site at http://www.quarterdeck.com, or by sending e-mail requests to
[email protected].
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NOTE TO EDITORS: If you would like more information on Quarterdeck Corporation
and its products, please view the Quarterdeck Press Center at
http://www.quarterdeck.com/qdeck/press.
This press release contains forward-looking statements which are made pursuant
to the safe-harbor provisions of the Private Securities Litigation Reform Act of
1995. Expressions of future goals and similar expressions reflecting something
other than historical fact are intended to identify forward-looking statements,
but are not the exclusive means of identifying such statements. These
forward-looking statements involve a number of risks and uncertainties,
including the timely development and market acceptance of products and
technologies, successful integration of acquisitions and divestitures of
non-core assets, the ability to secure additional sources of financing, the
ability to reduce operating expenses and other factors described in the
Company's filings with the Securities and Exchange Commission. The actual
results that the Company achieves may differ materially from any forward-looking
statements due to such risks and uncertainties. The Company undertakes no
obligations to revise or update any forward-looking statements in order to
reflect events or circumstances that may arise after the date of this release.
Quarterdeck is a registered trademark of Quarterdeck Corporation or its
subsidiaries. All other brands and products referenced herein are the trademarks
or registered trademarks of their respective holders.
