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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934
For the Month of January 2000
PARADIGM GEOPHYSICAL LTD.
(Translation of Registrant's Name into English)
Shenkar Street 9, Gav Yam Center No.3, P.O.B. 2061 Herzlia B, Israel 46120
(Address of Principal Executive Offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-
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Attached to the Registrant's Form 6-K for the month of January 2000 and
incorporated by reference herein is the Registrant's news release dated January
18, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
PARADIGM GEOPHYSICAL LTD.
(Registrant)
By: /s/ Jonathan Keller
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Jonathan Keller
Company Secretary
Dated: 19 January, 2000
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[PARADIGM GEOPHYSICAL LOGO]
FOR IMMEDIATE RELEASE
PARADIGM GEOPHYSICAL COMMENTS ON ABOVE EXPECTATION
FOURTH QUARTER 1999 RESULTS
HERZLIA, ISRAEL-JANUARY 18, 2000 - Paradigm Geophysical Ltd. (NASDAQ:PGEO) today
announced it expects that results for the fourth quarter ended December 31, 1999
will be above securities analysts' expectations. The Company indicated that it
expects earnings per share for the fourth quarter of between $0.01 and $0.03.
The Company further expects total revenues for the fourth quarter of 1999 will
be at levels significantly above those of both the previous quarter and the
fourth quarter of 1998. Analysts' estimates for fourth quarter 1999 EPS range
between a net loss of $0.02 and $0.04.
According to Eldad Weiss, Chairman and CEO of Paradigm Geophysical Ltd., the
earnings increase is due to a renewed optimism in the oil field services market,
and the impact of a seasonally strong fourth quarter.
Paradigm plans to announce its fourth quarter and full year results after the
close of trading on January 26, 2000.
Paradigm Geophysical Ltd. provides geoscience software and service solutions to
the oil and gas industry. The Company has sales, customer support and service
offices in Houston, London, Aberdeen, Calgary, Moscow, Caracas, Buenos Aires,
Rio de Janeiro, Perth, Brisbane, Beijing, Jakarta and Singapore.
"Paradigm Geophysical[R]" is the registered trademark of Paradigm Geophysical
Ltd.
Recent press announcements are available on Paradigm's web site:
www.paradigmgeo.com.
Safe Harbor statement: This news release may contain certain forward-looking
statements relating to the future performance of Paradigm Geophysical Ltd. Such
statements are subject to certain factors which may cause Paradigm's plans to
differ or results to vary from those expected including the risks associated
with the future development of expenditures by oil and gas companies,
international oil prices, the impact of competitive products and pricing,
increased investment to support product introductions, market acceptance of
products, product transitions by the Company and its competitors, currency
fluctuations, changes in product sales mix, and a variety of risks described in
the
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Company's 20-F filing with the U.S. Securities and Exchange Commission on
June 30, 1999. Paradigm undertakes no obligation to publicize or release results
of any of these forward-looking statements, which may be made to reflect events
or circumstances after the date hereof or to reflect the occurrence of
unexpected results.
For more information please contact:
PARADIGM GEOPHYSICAL LTD. RUDER - FINN INC.
BRIAN W. BERMAN, CFO MAGDA GAGLIANO
ARITA MATTSOFF, INVESTOR RELATIONS Phone: 212/593-6319
Phone :+972-9-970-9339/9634 Fax: 212/715-1660
Fax: +972-9-970-9319 E-mail: [email protected]
E-mail: [email protected]
CUBITT CONSULTING
NOGA VILLALON
+44-171-232-4591
Fax: +44-171-232-2541
E-mail: [email protected]
