-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Rb0z+vyWXSWYj06/BtJuNBaul2Bn1bDJ6SmYuKQK0G+4TaS2AazwRmS5KDkcxBy+ AAvL6vxldoN4ga48E08wOg== 0000905718-96-000162.txt : 19960711 0000905718-96-000162.hdr.sgml : 19960711 ACCESSION NUMBER: 0000905718-96-000162 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960708 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960710 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIALOGIC CORP CENTRAL INDEX KEY: 0000899042 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571] IRS NUMBER: 222476114 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23816 FILM NUMBER: 96593187 BUSINESS ADDRESS: STREET 1: 1515 US RTE 10 CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 2019933000 8-K 1 REGISTRANT'S NEWS RELEASE FOR SECOND QUARTER 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): July 8, 1996 DIALOGIC CORPORATION (Exact name of registrant as specified in its charter) New Jersey 33-59598 22-2476114 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification Number) incorporation 1515 Route 10, Parsippany, New Jersey 07054 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (201) 993-3000 Item 5. Other Events The Company's Press Release, dated July 8, 1996, is incorporated herein by reference and filed as an exhibit to this Current Report on Form 8-K. Item 7. Financial Statements and Exhibits Exhibit No. 99.1 Press Release dated July 8, 1996 SIGNATURES 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 hereunto duly authorized. DIALOGIC CORPORATION July 10, 1996 By: /s/Edward B. Jordan ------------------- Edward B. Jordan, Vice President and Chief Financial Officer EX-99 2 NEWS RELEASE ________________________________________________________________________________ NEWS RELEASE For further information, contact Edward B. Jordan at 201-993-3000 DIALOGIC CORPORATION ANNOUNCES SECOND QUARTER UPDATE PARSIPPANY, N.J. -- July 8, 1996 -- Dialogic Corporation (NASDAQ-DLGC), the world's leading manufacturer of high performance, standards-based computer telephony (CT) components, announced today that sales for the second quarter ended June 30, 1996 are expected to be up approximately 23% versus the second quarter of 1995, from $40.6 million in 1995 to approximately $50 million in 1996. For the second quarter of 1995, the Company reported earnings of $4.0 million, or $0.25 per share on approximately 16.1 million average shares outstanding. Based on approximately 16.4 million average shares outstanding, Dialogic expects to report per share earnings of $0.24 to $0.28 for the second quarter of 1996 when it announces results later this month. Financial analysts' estimates have been $0.33 to $0.34 per share for the second quarter of 1996. These results are lower than such estimates primarily because weaknesses in international markets offset better-than-expected domestic sales growth. During the second quarter, the Company experienced a slowing of its sales growth in international markets, principally in central Europe, where economic and regulatory issues appear to be impeding the deployment of computer telephony projects. Disappointing sales from Dialogic's Spectron Microsystems Division also contributed to the lower-than-expected results. Commenting on second quarter performance, Howard Bubb, president and CEO of Dialogic said, "While we are disappointed in the weakness in our international markets, we are pleased with the strength of our performance on the domestic front, particularly in the area of large switching and multimedia systems that use Dialogic's latest high density and high performance voice, fax, ISDN, voice recognition and text-to-speech technologies. After reviewing the international situation, we have concluded that the disappointing international sales represent general market softness which should be reversible once the economic and regulatory uncertainties are resolved. Our information indicates that we are continuing to build market share in all key markets and we have not lost any significant design wins during the quarter." Mr. Bubb added, "Spectron Microsystems is taking longer than we would like to reposition; however, we have confidence in the strong acceptance of their products and the new management team led by Chuck House, who joined us in December of 1995, and we expect that this operation will improve its performance once the repositioning has been completed." Pursuant to the provisions of the Private Securities Litigation Reform Act of 1995, certain of the statements contained herein are forward looking. Actual results might differ materially from the Company's forward-looking statements. Factors that could cause actual results to differ materially from the Company's forward-looking statements include extended economic and regulatory difficulties in the Company's international markets, a reduction in the demand for Dialogic customers' products, competition, and slowing of the overall growth of the Computer Telephony market. Dialogic Corporation is the leading manufacturer of high performance, standards-based computer telephony (CT) components. Computer telephony systems built with Dialogic products manage more than one third of all telephone, facsimile, and multi-media calls answered by computers over wireless and wired networks worldwide. Dialogic products are used in voice, fax, data, voice recognition, speech synthesis, ISDN networks and call center management CT applications. The company is headquartered in Parsippany, New Jersey, with regional headquarters in Tokyo, Japan, and Brussels, Belgium, with sales engineering offices worldwide. For more information, visit the Dialogic Web site - -- http://www.dialogic.com. Trademarks: All names, products and services mentioned are trademarks or registered trademarks of their respective organizations. -----END PRIVACY-ENHANCED MESSAGE-----