0000950144-01-507480.txt : 20011009
0000950144-01-507480.hdr.sgml : 20011009
ACCESSION NUMBER: 0000950144-01-507480
CONFORMED SUBMISSION TYPE: 6-K
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20011003
FILED AS OF DATE: 20011003
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: JACADA LTD
CENTRAL INDEX KEY: 0001095747
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 6-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-30342
FILM NUMBER: 1751246
BUSINESS ADDRESS:
STREET 1: 11 GALGALEI HAPLADA ST
STREET 2: PO BOX 12175
CITY: HERZLIYA 46722 ISRAE
STATE: L3
BUSINESS PHONE: 9729525900
MAIL ADDRESS:
STREET 1: JACADA INC 400 PERIMETER CENTER TERRACE
STREET 2: SUITE 195
CITY: ATLANTA
STATE: GA
ZIP: 30346
6-K
1
g72007e6-k.txt
JACADA LTD.
1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Section 13a-16 or 15d-16 of the Securities and Exchange Act of 1934
For the period September 12, 2001 to October 3, 2001
-------------------------------------
JACADA LTD.
--------------------------------------------------------------------------------
(Translation of registrant's name into English)
11 Galgalei Haplada Street
Herzliya, 46722 Israel
--------------------------------------------------------------------------------
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]
Form 20-F [X] Form 40-F [_]
[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]
2
EXPLANATORY NOTE
Attached is:
1. Press Release, released publicly on October 3, 2001.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 6-K to be signed on its behalf by
the undersigned, thereunto duly authorized.
JACADA LTD.
By: /s/ Robert C. Aldworth
-----------------------------------
Name: Robert C. Aldworth
Title: Chief Financial Officer
Dated: October 3, 2001
2
EX-99.1
3
g72007ex99-1.txt
PRESS RELEASE
1
EXHIBIT 1
JACADA ANNOUNCES PRELIMINARY THIRD QUARTER REVENUES
ATLANTA - October 3, 2001 - Jacada Ltd. (Nasdaq: JCDA), the leading provider of
legacy extension and integration solutions, today announced preliminary revenues
for the third quarter ended September 30, 2001. Jacada anticipates total revenue
for the third quarter to be in a range of approximately $5.0 million to $5.3
million, compared to $6.8 million in the same period last year. Based on
estimated revenues and acquisition-related charges from its previously announced
acquisition of Propelis Software, Jacada expects to report a net loss, which is
greater than current consensus analysts' expectations of $(0.05) per share.
Cash and investments as of September 30, 2001 are expected to be in
excess of $40 million, after investing $6.0 million in the acquisition and
funding operations during the third quarter. Actual operating results are
expected to be released on October 31, 2001.
Jacada CEO, Gideon Hollander, attributed the expected shortfall in
total revenue primarily to the tragic events of September 11 and the resulting
difficult business conditions. "Jacada secured significant business in the third
quarter and was expecting to exceed expectations," said Hollander.
"Unfortunately, several key transactions did not close by the end of the quarter
as expected. The events of last month directly impacted a number of key deals
that we believe would have otherwise closed. To our knowledge, we did not lose
any of these deals to competitors, and except for the transportation sector,
they remain in the pipeline, which is the largest pipeline in our history. We
remain confident in the value proposition of our legacy extension and
integration solutions. Nonetheless, given the current economic environment, we
are closely reviewing our near- and long-term plans."
Jacada will host a teleconference at 9:00 a.m. EDT on October 3, 2001
in conjunction with this release. A live Webcast of the teleconference will be
available at www.jacada.com, where it will be archived for 30 days. A telephonic
replay, available from 11:00 a.m. EDT on October 3rd, until 5:00 p.m. EDT on
October 5th, may be accessed by calling 800-873-2087 in the U.S. or 402-220-5061
from outside the U.S. Please access the web site at least fifteen minutes prior
to the start of the call to register and install any necessary audio software.
2
The statements in this announcement are based on preliminary results
and could vary when Jacada reports actual results on October 31, 2001.
ABOUT JACADA LTD. - Jacada Ltd. is a leading provider of interface and
workflow solutions that accelerate the delivery and maintenance of enterprise
applications. Jacada products address the need for extending, web-enabling and
integrating legacy systems, automating enterprise workflow, and delivering a
universal user interface for new and existing applications. Jacada solutions are
in use today at major corporations and government organizations such as AIG,
Caterpillar, Citibank, Conseco, Delta Air Lines, Enterprise Rent-A-Car, The
Federal Reserve Bank, Fireman's Fund, JP Morgan, Porsche Cars North America,
Prudential Insurance Company of America, US Department of Interior and Verizon.
Jacada operates globally with headquarters in Atlanta, Georgia; Herzliya,
Israel; and London, England. Jacada can be reached at www.jacada.com or at
1-800-773-9574.
This press release may contain "forward-looking statements" within the meaning
of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"). When used in this report, the words "may," "could," "should," "would,"
"believe," "anticipate," "estimate," "expect," "intend," "plan" and similar
expressions or statements regarding future periods are intended to identify
forward-looking statements. All forward-looking statements are inherently
uncertain as they are based on various expectations and assumptions concerning
future events, which by their nature involve substantial risks and uncertainties
beyond the Company's control. The Company undertakes no obligation to update or
revise any forward-looking statement for events or circumstances after the date
on which such statement is made. The Company cannot assess the impact of or the
extent to which any single factor or risk, or combination of them, may cause
actual results to differ materially from those contained in any forward-looking
statements. For a more complete discussion of risk factors, please see the
Company's filings with the Securities and Exchange Commission, including its
Registration Statement on Form F-1 filed on October 14, 1999 and its Annual
Report on Form 20-F for the year ended December 31, 2000.
###
Jacada Contacts: Ann Conrad
Jacada Ltd.
(770) 352-1300
aconrad@jacada.com
or
Investor Relations:
Philip Bourdillon
Silverman Heller Associates
(310) 208-2550
bourdillon@sha-ir.com