Replies to post #1853 on e.Digital Corporation (fka EDIG)

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Preview Systems Negotiating Buyout
Ecommerce technology company Preview Systems is negotiating with potential buyout partners, amid dropping revenues and increasing losses. The Sunnyvale, Calif.-based company has laid off nearly 75% of its staff, 103 employees, since the beginning of the year. In a statement today, Preview Systems President and CEO Vincent Pluvinage said the company believes its strengths "would be best leveraged when combined within a more complete end-to-end digital platform." Preview Systems develops an electronic media distribution platform; its clients include EMI Recorded Music, Amplified Holdings, Navarre, NTT Communications, Adobe and Broderbund. For the quarter ended March 31, the company reported revenues of $1.54 million, down 8% compared to the first quarter of 2000. The company's net loss grew from $7 million in the first quarter last year to $10.6 million for the most recent period. The company said it has nearly $73 million in cash and marketable securities. Preview's shares closed down 1.36% today at $2.90.