Conference ulysse::rdb_vms_competition

    I'd be very surprised by such a move.  Their business is growing over
    75% per year in revenues, they recently raised $33M dollars in an IPO
    which hit the streets at $13.50 per share and is now at $22.50.  Sounds
    like someone trying to manipulate something or someone.
    
    Mark
    

    Last year SYBASE cloesed most of their offices in Canada and layed off
    most of their staff. Where did the current rumour start?

    Don't know where it started but suddenly a few DB specialists here in
    Holland talked about it.
    
    Henny Olthof, TP-DB Netherlands

    Why not post the question in the DECWET::SYBASE Notes conference?

    I believe Sybase closed down their Australian subsidiary and now work
    through channels only. Maybe they're using this strategy elsewhere?

Posted with permission:
    
From:	DECWRL::"[email protected]" "Dwight Cheu" 15-JAN-1992 00:34:44.21
To:	mrktng::silverberg
CC:	[email protected]
Subj:	Sybase international operations


"We will be developing relationships with distributors in Australia to 
market and sell our products and services, which we believe is the 
appropriate business model for Australia at this time. We have 
significant customers in Australia, and we are committed to their 
success.  Because we believe that it is critical for us to provide a 
high level of support to both our customers and our distributors, our 
restructured Australian subsidiary will continue to provide technical 
support services.

"We believe there are excellent opportunities for Sybase in Germany.  
The current downsizing does not reflect a lesser long term commitment in 
Germany, but rather a necessary balancing of present expenses to 
revenues."

We have also centralized our European support org. into one location
in the UK.  These steps will actually improve our responsiveness to
customers. 

"It is important for each of us to understand that Sybase is not 
lessening its commitment to its international business in any way.  We 
will continue to maintain an appropriate level of first line technical 
support staff in each subsidiary.  Furthermore, we are increasing our 
global commitment by expanding in areas where we believe our effort and 
investments will be most productive.  This includes more focus on an 
efficient global technical support model, continued expansion of SQL 
Solutions into international markets, and improving our distributor 
support capability in Asia Pacific, including Japan."

So what's the summary...  A) our international org was not growing
as quickly as the rest of the corporation.  B) We have reallocated
resources to better guarantee rapid growth in key international 
markets.

SYBASE ANNOUNCES 1991 AND FOURTH QUARTER FINANCIAL RESULTS

Emeryville, CA January 27, 1992 -- Sybase Inc. (NASDAQ -
SYBS) announced record revenue and net income for the   
quarter were $50,140,000 representing a 46% increase from
revenues of $34,341,000 reported for the fourth quarter of                
1990.  Income before income taxes and extraordinary item for     
the fourth quarter was $7,103,000, representing a 218% increase            
from income before income taxes and extraordinary item of     
$2,232,000 reported for the comparable period in 1990.  Fourth
quarter income before extraordinary tax credit was $3,978,000, 
or $0.19 per share, representing a 91% increase from income     
before extraordinary tax credit of $2,082,000, or $0.13 per  
share, reported in the same period of 1990.  The income 
before extraordinary tax credit for the fourth quarter of 1991 
reflects a 44% tax rate compared with a 7% tax rate in the
same period of 1990.  Per share amounts for the fourth 
quarter of 1991 take into account the addition
of approximately 4.7 million weighted average shares 
outstanding, primarily as a result of the Company's initial 
public offering in August 1991.  Net income after extraordinary
tax credit for the fourth quarter of 1991 advanced 145% to
$5,112,000, or $0.24 per share, compared to $2,082,000 or      
$0.13 per share in the same period in 1990.

Revenues for the year ended December 31, 1991 advanced 54%
to a record $159,448,000 compared to revenues fo $103,067,000
realized in 1990.  Income before income taxes and extraordinary
tax credit of $12,478,000 for 1991 compared favorably to the 
loss before income taxes and extraordinary tax credit of
$5,829,000 for 1990.  Income before extraordinary tax credit
in 1991 was $6,987,000, or $0.38 per share, compared to a loss 
both before and after the extraordinary tax credit of $5,979,000,
or $0.39 per share, for 1990.  Net income after the extraordinary
tax credit for the year ended 1991 was $0.50 per share.

Mark B. Hoffman, Sybase chairman, chief executive officer and
president said, "We are very proud of our record fourth quarter
and 1991 annual results.  Fourth quarter license revenues were
up 46% over the previous year's fourth quarter and the year's
license revenues were up 52% over 1990.  We believe this strong
growth reflects the broad acceptance of SYBASE products as the
leading client/server-based relational database management
system for on-line enterprise-wide applications. In addition,
our North American business continues at a healthy pace and
we experienced renewed strength in our European business,
reflecting the positive effects of our new worldwide field
organization."

Further commenting on the year, Mr. Hoffman noted that the 
company ended 1991 with a cash balance of $59.3 million, as
compared to $12.9 million at the end of 1990.  "The strong
cash balance reflected both the completion of the company's
IPO which raised approximately $38.0 million as well as net
cash generated from operations in excess of $10.8 million 
in the fourth quarter of 1991."

SYBASE is a registered trademark of Sybase, Inc., in United
States and other countries.