SEC Info - Visio Corp - ‘10-Q’ for 3/31/99

SEC Info℠

Home

Help

Please Sign In

Visio Corp – ‘10-Q’ for 3/31/99

As of: Monday, 5/17/99 · For: 3/31/99 · Accession #: 1032210-99-821 · File #: 0-26772

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 5/17/99  Visio Corp                        10-Q        3/31/99    4:52K                                    Donnelley R R & S… Co/FA

Quarterly Report — Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Form 10-Q for the Period Ended 3/31/1999              20    101K 
 2: EX-21.1     Subsidiaries of Visio Corporation                      1      5K 
 3: EX-27.1     Financial Data Schedule                                2      6K 
 4: EX-27.2     Financial Data Schedule                                2      6K

10-Q — Form 10-Q for the Period Ended 3/31/1999
Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Acquired technology and merger expenses Cost of revenues European Monetary Union Exhibits and Reports on Form 8-K Financial Statements General and administrative Interest and other income, net Management's Discussion and Analysis of Financial Condition and Results of Operations Other Information Research and development Retained earnings Revenues Sales and marketing Signatures Submission of Matters to a Vote of Security Holders Year 2000 Issues
1	1st Page - Filing Submission
2	Item 1. Financial Statements
6	Retained earnings
9	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
10	Revenues
13	Cost of revenues
14	Research and development
"	Sales and marketing
15	General and administrative
"	Acquired technology and merger expenses
"	Interest and other income, net
16	Year 2000 Issues
17	European Monetary Union
18	Item 4. Submission of Matters to a Vote of Security Holders
"	Item 5. Other Information
"	Item 6. Exhibits and Reports on Form 8-K
19	Signatures

10-Q 1st Page of 20 TOC ↑Top Previous Next ↓Bottom Just 1st
 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549 
____________________

FORM 10-Q 

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE 

SECURITIES EXCHANGE ACT OF 1934 
For the quarterly period ended March 31, 1999 

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934 
Commission file number 0-26772

VISIO CORPORATION 
(Exact name of registrant as specified in its charter)

Washington                                    91-1448389    
(State or other jurisdiction of          (I.R.S. Employer Identification No.)   
incorporation or organization)                                                  

2211 Elliott Avenue, Seattle, Washington 98121  
(Address of principal executive offices)  (Zip code)  

(206) 956-6000  
(Registrant's telephone number, including area code)  

Indicate by check mark whether the registrant: (1) has filed all reports        
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of   
1934 during the preceding 12 months (or for such shorter period that the        
registrant was required to file such reports) and (2) has been subject to such  
filing requirements for the past 90 days.                                       

Yes  X        No      
  ---          ---

Indicate the number of shares outstanding of each of the issuer's classes of    
common stock, as of the latest practicable date:                                

            Class                      Shares outstanding as of April 30, 1999
-----------------------------------     --------------------------------------- 
Common Stock ($.01 par value)                        30,227,861             

10-Q 2nd Page of 20 TOC 1st Previous Next ↓Bottom Just 2nd
VISIO CORPORATION 

FORM 10-Q 

For the Quarter Ended March 31, 1999

Table of Contents 

Part I.  Financial Information

                                                                [Download Table]

                                                                            Page
                                                                            ----
                                                                                
Item 1.  Financial Statements                                                   

      Balance Sheets as of March 31, 1999 and September 30, 1998............   2

      Statements of Income for the three and six months ended                   
       March 31, 1999 and 1998..............................................   3

      Statements of Cash Flows for the six months ended March 31,               
       1999 and 1998........................................................   4

      Statements of Shareholders' Equity for the six months ended               
       March 31, 1999 and 1998..............................................   5

      Notes to Financial Statements.........................................   6

Item 2.  Management's Discussion and Analysis of Financial Condition            
         and Results of Operations..........................................   8

Item 3.  Quantitative and Qualitative Disclosure About Market Risk..........  17

                          Part II.  Other Information                           

Item 4.  Submission of Matters to a Vote of Security Holders................  17

Item 5.  Other Information..................................................  17

Item 6.  Exhibits and Reports on Form 8-K...................................  17

Signatures..................................................................  18

10-Q 3rd Page of 20 TOC 1st Previous Next ↓Bottom Just 3rd
Part I.  Financial Information

Item 1.  Financial Statements                                                   

VISIO CORPORATION 

BALANCE SHEETS  

(in thousands)  

                                                        [Enlarge/Download Table]

                                                                        March 31,   September 30,
                                                                          1999           1998    
                                                                       -----------  -------------
                                                                       (Unaudited)               
                                                                                                 
Assets                                                                                           
Current assets:                                                                                  
 Cash.................................................................   $ 49,254       $ 67,088 
 Short-term investments...............................................     65,615         41,930 
 Accounts receivable..................................................     25,012         15,934 
 Inventories..........................................................      1,255          1,228 
 Prepaid expenses.....................................................      7,183          6,662 
 Deferred income taxes................................................      6,260          4,709 
                                                                         --------       -------- 
  Total current assets................................................    154,579        137,551 
Equipment and leasehold improvements..................................     16,217         10,191 
Capitalized technology................................................      4,267          4,609 
Other assets..........................................................      3,602            380 
Non-current deferred tax assets.......................................      6,578          6,646 
                                                                         --------       -------- 
    Total assets......................................................   $185,243       $159,377 
                                                                         ========       ======== 
Liabilities and shareholders' equity                                                             
Current liabilities:                                                                             
 Accounts payable.....................................................   $  7,455       $  5,223 
 Accrued compensation and benefits....................................      5,164          4,464 
 Other accrued liabilities............................................     16,884         13,717 
 Deferred revenue.....................................................      9,740          7,830 
 Income taxes payable.................................................      5,570            936 
                                                                         --------       -------- 
  Total current liabilities...........................................     44,813         32,170 
                                                                         --------       -------- 

Shareholders' equity:                                                                            
 Common stock.........................................................     70,189         75,434 
 Retained earnings....................................................     70,241         51,773 
                                                                         --------       -------- 
  Total shareholders' equity..........................................    140,430        127,207 
                                                                         --------       -------- 
    Total liabilities and shareholders' equity........................   $185,243       $159,377 
                                                                         ========       ======== 

See accompanying notes.                                                         

2 

10-Q 4th Page of 20 TOC 1st Previous Next ↓Bottom Just 4th
VISIO CORPORATION 
STATEMENTS OF INCOME
(in thousands, except per share data) 
(Unaudited) 

                                                        [Enlarge/Download Table]

                                                 Three Months Ended           Six Months Ended      
                                                       March 31,                   March 31,        
                                              --------------------------  --------------------------
                                               1999               1998     1999               1998  
                                              -------            -------  -------            -------
                                                                                                    
Revenues..................................... $51,352            $40,089  $99,542            $77,586
Cost of revenues.............................   5,048              3,637    9,344              7,029
                                              -------            -------  -------            -------
Gross profit.................................  46,304             36,452   90,198             70,557
                                              -------            -------  -------            -------
Operating expenses:                                                                                 
 Research and development....................   8,898              6,646   16,678             12,768
 Sales and marketing.........................  20,639             16,538   41,004             32,597
 General and administrative..................   3,608              3,113    6,917              6,258
 Acquired technology and merger expenses.....      --              7,090       --              7,090
                                              -------            -------  -------            -------
   Total operating expenses..................  33,145             33,387   64,599             58,713
                                              -------            -------  -------            -------
Operating income.............................  13,159              3,065   25,599             11,844
Interest and other income, net...............   1,260              1,359    2,345              2,472
                                              -------            -------  -------            -------
Income before income taxes...................  14,419              4,424   27,944             14,316
Provision for income taxes...................   3,749              1,098    7,265              3,612
                                              -------            -------  -------            -------
Net income................................... $10,670            $ 3,326  $20,679            $10,704
                                              =======            =======  =======            =======
Basic earnings per share.....................   $0.35              $0.11    $0.68              $0.37
                                              =======            =======  =======            =======
Shares used in computation of basic earnings                                                        
 per share...................................  30,224             29,243   30,241             28,925
                                              =======            =======  =======            =======

Diluted earnings per share...................   $0.34              $0.11    $0.66              $0.34
                                              =======            =======  =======            =======
Shares used in computation of diluted                                                               
 earnings per share..........................  31,443             31,659   31,506             31,527
                                              =======            =======  =======            =======

See accompanying notes.                                                         

3 

10-Q 5th Page of 20 TOC 1st Previous Next ↓Bottom Just 5th
VISIO CORPORATION 
STATEMENTS OF CASH FLOWS
(in thousands)
(Unaudited) 

                                                        [Enlarge/Download Table]

                                                                          Six Months Ended       
                                                                              March 31,          
                                                                    ---------------------------- 
                                                                      1999                1998   
                                                                    --------            -------- 
                                                                                                 
Cash flows from operations:                                                                      
  Net income....................................................... $ 20,679            $ 10,704 
  Adjustments to reconcile net income to net cash from operations:                               
   Depreciation and amortization...................................    3,128               2,877 
   Amortization of premiums (discounts) on short-term investments..       24                (623)
   Deferred income taxes...........................................   (1,484)               (212)
   Issuance of common stock for acquired technology................       --               6,964 
   Other non-cash items............................................     (310)                  9 
   Changes:                                                                                      
     Accounts receivable...........................................   (9,200)             (7,840)
     Inventories...................................................      (26)               (382)
     Prepaid expenses..............................................     (469)             (2,383)
     Accounts payable..............................................    2,246                 160 
     Accrued compensation and benefits.............................      700               1,159 
     Deferred revenue..............................................    1,945              (1,767)
     Other accrued liabilities.....................................    3,225               3,370 
     Income taxes payable..........................................    5,821                 319 
                                                                    --------            -------- 
  Net cash from operations.........................................   26,279              12,355 
                                                                    --------            -------- 
Cash flows used for investments:                                                                 
  Purchases of short-term investments..............................  (58,449)            (29,699)
  Maturities of short-term investments.............................   34,906               5,500 
  Purchases of equipment and leasehold improvements................   (8,833)             (3,545)
  Purchases of other assets........................................   (3,223)                (64)
                                                                    --------            -------- 
  Net cash used for investments....................................  (35,599)            (27,808)
                                                                    --------            -------- 
Cash flows (used for) from financing:                                                            
  Sale of common stock.............................................    3,519               2,609 
  Repurchase of common stock.......................................   (9,998)                 -- 
  Payments on long-term obligations................................       --                (399)
                                                                    --------            -------- 
  Net cash (used for) from financing...............................   (6,479)              2,210 
                                                                    --------            -------- 

Net decrease in cash...............................................  (15,799)            (13,243)
Effect of exchange rate changes on cash............................   (2,035)               (464)
Cash, beginning....................................................   67,088              59,840 
                                                                    --------            -------- 
Cash, ending....................................................... $ 49,254            $ 46,133 
                                                                    ========            ======== 

See accompanying notes.                                                         

4 

10-Q 6th Page of 20 TOC 1st Previous Next ↓Bottom Just 6th
VISIO CORPORATION 
STATEMENTS OF SHAREHOLDERS' EQUITY  
(in thousands)  
(Unaudited) 

                                                        [Enlarge/Download Table]

                                                                              Six Months Ended        
                                                                                  March 31,           
                                                                         ---------------------------- 
                                                                           1999                1998   
                                                                         --------            -------- 
                                                                                                      
Common Stock:                                                                                         
Balance, beginning of period............................................ $ 75,434            $ 56,367 
  Stock options exercised...............................................    3,519               2,609 
  Common stock issued for acquisitions..................................       --               7,785 
  Common stock repurchased..............................................   (9,998)                 -- 
  Stock option tax benefit..............................................    1,234               1,508 
                                                                         --------            -------- 
Balance, end of period..................................................   70,189              68,269 
                                                                         --------            -------- 

Retained Earnings:                                                                                    
Balance, beginning of period............................................   51,773              22,401 

  Net income............................................................   20,679              10,704 
  Translation adjustments...............................................   (2,067)               (621)
  Net short-term investment unrealized losses...........................     (144)                (15)
                                                                         --------            -------- 
     Comprehensive net income...........................................   18,468              10,068 
                                                                         --------            -------- 

  Acquired company's retained earnings..................................       --                 109 

Balance, end of period..................................................   70,241              32,578 
                                                                         --------            -------- 

     Total shareholders' equity......................................... $140,430            $100,847 
                                                                         ========            ======== 

See accompanying notes.                                                         

5 

10-Q 7th Page of 20 TOC 1st Previous Next ↓Bottom Just 7th
VISIO CORPORATION 
NOTES TO FINANCIAL STATEMENTS 
(Unaudited) 

Summary of Significant Accounting Policies                                      

Basis of Presentation                                                 

 The unaudited financial statements of Visio Corporation ("Visio" or the
"Company") at March 31, 1999 and for the three and six months ended March 31,   
1999 and 1998 reflect all adjustments consisting of normal recurring items which
are, in the opinion of management, necessary for a fair presentation of the     
financial position and results of operations for the interim periods. The       
financial statements should be read in conjunction with the financial statements
and notes thereto for the fiscal year ended September 30, 1998 included in      
Visio's Annual Report on Form 10-K. The results of operations for the three and 
six months ended March 31, 1999 are not necessarily indicative of the results to
be expected for the full fiscal year.                                           

     Visio's fiscal year is a 52/53-week period.  Accordingly, all references as
of and for the periods ended March 31, 1999, September 30, 1998 and March 31,   
1998 reflect amounts as of and for the periods ended April 2, 1999, October 2,  
1998 and April 3, 1998, respectively.                                           

    During fiscal 1998, Visio merged with MarComp, Inc. ("MarComp") and Kaspia
Systems, Inc. ("Kaspia") in transactions accounted for as poolings of interests.
All financial information has been restated to reflect the combined operations  
of Visio and Kaspia.  The results of operations of MarComp were not material to 
Visio's financial statements, and therefore, amounts prior to the period of the 
merger were not combined with Visio's financial statements.                     

6 

10-Q 8th Page of 20 TOC 1st Previous Next ↓Bottom Just 8th
Earnings Per Share                                                              

   A reconciliation of the numerators and denominators used in the basic and
diluted earnings per share calculations are as follows:                         

                                                        [Enlarge/Download Table]

                                                                    Three Months Ended March 31,              
                                                           ---------------------------------------------------
                                                                   Basic                        Diluted       
                                                           ----------------------        ---------------------
                                                            1999           1998           1999          1998  
                                                           -------        -------        -------       -------
                                                                (in thousands, except earnings per share)     
                                                                                                              
Net income................................................ $10,670        $ 3,326        $10,670       $ 3,326
                                                           =======        =======        =======       =======
Weighted average common shares outstanding................  30,227         29,297         30,227        29,297
Restricted stock subject to repurchase....................      (3)           (54)           N/A           N/A
Net effect of dilutive stock options and warrants                                                             
 calculated using the treasury stock method and the                                                           
 average stock price during the period....................     N/A            N/A          1,216         2,362
                                                           -------        -------        -------       -------

Total.....................................................  30,224         29,243         31,443        31,659
                                                           =======        =======        =======       =======
Earnings per share........................................ $  0.35        $  0.11        $  0.34       $  0.11
                                                           =======        =======        =======       =======

                                                        [Enlarge/Download Table]

                                                                      Six Months Ended March 31,              
                                                           ---------------------------------------------------
                                                                   Basic                        Diluted       
                                                           ----------------------        ---------------------
                                                            1999           1998           1999          1998  
                                                           -------        -------        -------       -------
                                                                (in thousands, except earnings per share)     
                                                                                                              
Net income................................................ $20,679        $10,704        $20,679       $10,704
                                                           =======        =======        =======       =======
Weighted average common shares outstanding................  30,246         29,005         30,246        29,005
Restricted stock subject to repurchase....................      (5)           (80)         N/A           N/A  
Net effect of dilutive stock options and warrants                                                             
 calculated using the treasury stock method and the                                                           
 average stock price during the period....................     N/A            N/A          1,260         2,522
                                                           -------        -------        -------       -------

Total.....................................................  30,241         28,925         31,506        31,527
                                                           =======        =======        =======       =======
Earnings per share........................................ $  0.68        $  0.37        $  0.66       $  0.34
                                                           =======        =======        =======       =======

Common Stock Repurchase Program                                                 

On February 2, 1999 the Company's board of directors authorized the   
repurchase of up to two million shares of the Company's common stock over the   
next two years.  Purchases may be made from time to time either in the open     
market or in privately negotiated transactions.  The primary purpose of the     
stock repurchase program is to help offset dilution to earnings per share caused
by the issuance of stock under the Company's employee stock plans. The number of
shares to be purchased and the timing of such purchases will be determined by   
the level of stock issued under the employee stock plans, the price of Visio's  
stock, available cash balances, general market conditions and other factors. The
Company anticipates that all purchases will be funded from available working    
capital. The plan may be suspended at any time. In the quarter ended March 31,  
1999, the Company repurchased 383,000 shares with an aggregate cost of $10.0    
million.                                                                        

7 

10-Q 9th Page of 20 TOC 1st Previous Next ↓Bottom Just 9th
Item 2.   Management's Discussion and Analysis of Financial Condition and       
Results of Operations                                       

Overview                                                                        

 Visio Corporation ("Visio" or "Company"), which commenced operations in
September 1990, develops drawing and diagramming software for the general       
business personal computer user.  All of the Company's products have been       
developed for the Microsoft Windows operating systems and are marketed under the
Visio/(R)/ brand.  The Company's primary products are Visio Standard, Visio     
Technical, Visio Professional, Visio Enterprise and IntelliCAD/(R)/.            

    During fiscal 1998, Visio merged with MarComp, Inc. ("MarComp") and Kaspia
Systems, Inc. ("Kaspia") in transactions accounted for as pooling of interests. 
All financial information has been restated to reflect the combined operations  
of Visio and Kaspia.  The results of operations of MarComp were not material to 
Visio's financial statements, and therefore, amounts prior to the period of the 
merger were not combined with Visio's financial statements.                     

When used in this discussion, the words "expects," "believes,"        
"anticipates" and similar expressions are intended to identify forward-looking  
statements.  Such statements are subject to certain risks and uncertainties that
could cause actual results to differ materially from those projected.  Factors  
which could affect the Company's financial results and cause such results to    
differ materially from quarter to quarter include but are not limited to        
fluctuations in quarterly performance, dependence on other products including   
Microsoft Windows, competition in the business drawing and diagramming software 
market, timing and customer acceptance of new products, the Company's ability to
manage growth and integrate acquired technology, potential changes in licensing 
and marketing methods and changes in general economic conditions.  Additional   
information concerning these and other risks is described in the "Certain Risk  
Factors that May Impact Future Results of Operations" section of the Company's  
Annual Report on Form 10-K for the fiscal year ended September 30, 1998, and,   
from time to time, in other reports filed by the Company with the Securities and
Exchange Commission.  Readers are cautioned not to place undue reliance on these
forward-looking statements which speak only as of the date hereof.  The Company 
undertakes no obligation to publicly release the result of any revisions to     
these forward-looking statements that may be made to reflect events or          
circumstances after the date hereof or to reflect the occurrence of             
unanticipated events.                                                           

- - - - - - - - - -                                                             
VISIO and IntelliCAD are registered trademarks of Visio Corporation in the      
United States and/or other countries.                                           

8 

10-Q 10th Page of 20 TOC 1st Previous Next ↓Bottom Just 10th
Results of Operations                                                           

  The following table contains statement of income data as a percentage of
revenues for the fiscal periods indicated.                                      

                                                        [Enlarge/Download Table]

                                               Three Months Ended               Six Months Ended   
                                                    March 31,                       March 31,      
                                              ---------------------------------------------------- 
                                              1999            1998            1999            1998 
                                              ----            ----            ----            ---- 
                                                                                                   
Revenues.....................................  100%            100%            100%            100%
Cost of revenues.............................   10               9               9               9 
                                              ----            ----            ----            ---- 
Gross profit.................................   90              91              91              91 
                                              ----            ----            ----            ---- 
Operating expenses:                                                                                
 Research and development....................   17              16              17              16 
 Sales and marketing.........................   40              41              41              42 
 General and administrative..................    7               8               7               8 
 Acquired technology and merger expenses.....   --              18              --               9 
                                              ----            ----            ----            ---- 
      Total operating expenses...............   64              83              65              75 
                                              ----            ----            ----            ---- 
Operating income.............................   26               8              26              16 
Interest and other income, net...............    2               3               2               3 
                                              ----            ----            ----            ---- 
Income before income taxes...................   28              11              28              19 
Provision for income taxes...................    7               3               7               5 
                                              ----            ----            ----            ---- 
Net income...................................   21%              8%             21%             14%
                                              ====            ====            ====            ==== 

Revenues                                                                        

  Revenues include fees from the license of software products, maintenance
and support contracts, net of reserves for estimated future returns and         
allowances.  License revenues are derived from packaged software products and   
volume licenses.  The Company periodically upgrades its products.  Revenues from
upgrades are cyclical and are typically highest in the periods of and           
immediately following an upgrade.  The last significant upgrade occurred in     
August 1997 when Visio Standard, Visio Technical and Visio Professional were    
upgraded to version 5.0.  The Company anticipates releasing significant upgrades
to its existing products over the next six to nine months.  In December 1998,   
the Company introduced Visio Technical Plus, which was a special upgrade to     
include additional content in its Visio Technical product.  Included in upgrade 
revenues are revenues from "cross-grades" whereby customers purchase upgrades to
move from one Visio product to another.  The Company's average selling price per
unit is typically higher on sales of new units of packaged products than sales  
of upgrades or volume licenses.  Of the Company's primary products, Visio       
Professional, Visio Technical, IntelliCAD and Visio Enterprise have higher      
average selling prices than does Visio Standard.  Volume discounts are generally
granted on products sold through the Volume Licensing channel.                  

   On March 1, 1999, the Company increased the prices of its products in the
North America, Europe, and Rest of World regions with the exception of Japan.   
The price increases will be effective in Japan, the largest source of revenues  
in the Rest of World region, in the June 1999 quarter.                          

9 

10-Q 11th Page of 20 TOC 1st Previous Next ↓Bottom Just 11th
Product Groups                                                                  

                                                        [Enlarge/Download Table]

                                                           Three Months Ended March 31,       
                                                       ---------------------------------------
                                                           1999            1998         Change
                                                       ------------    ------------     ------
                                                              (dollars in thousands)          
                                                                                              
Revenues:                                                                                     
 Business diagramming................................. $12,030   24%   $11,838   29%       2% 
 Technical drawing....................................   9,958   19      8,760   22       14  
 IT design and documentation..........................  29,364   57     19,491   49       51  
                                                       -------  ---    -------  ---       --  
     Total revenues................................... $51,352  100%   $40,089  100%      28% 
                                                       =======  ===    =======  ===       ==  

                                                        [Enlarge/Download Table]

                                                              Six Months Ended March 31,      
                                                       ---------------------------------------
                                                           1999            1998         Change
                                                       ------------    ------------     ------
                                                              (dollars in thousands)          
                                                                                              
Revenues:                                                                                     
 Business diagramming................................. $25,443   26%   $23,661   30%       8% 
 Technical drawing....................................  19,086   19     17,729   23        8  
 IT design and documentation..........................  55,013   55     36,196   47       52  
                                                       -------  ---    -------  ---       --  
     Total revenues................................... $99,542  100%   $77,586  100%      28% 
                                                       =======  ===    =======  ===       ==  

The Company classifies its products into the following product groups:
Visio Standard in the Business Diagramming product group, Visio Technical, Visio
Technical Design Suite (a bundle of Visio Technical and IntelliCAD), and        
IntelliCAD in the Technical Drawing product group, and Visio Professional, Visio
Enterprise and Visio Network Equipment in the IT Design and Documentation       
product group. At March 31, 1999, the aggregate number of users of Visio        
products in the marketplace grew to 3.0 million up from 2.0 million at March 31,
1998.                                                                           

    The revenue growth in the Business Diagramming product group was primarily
due to increased revenues from volume license agreements. This growth was       
partially offset by revenue decreases from the sale of packaged products. As a  
result of increased revenues from volume license agreements, the overall average
selling prices on products in this product group have decreased. This decrease  
was partially offset by the effects of the Company's price increase in March    
1999.                                                                           

     The revenue growth in the Technical Drawing product group was primarily due
to increased revenues from volume license agreements in the North America and   
Europe regions and from upgrade revenues from Visio Technical Plus, introduced  
in December 1998. As a result of the Company's price increase in March 1999, the
overall average selling prices on products in this product group increased. The 
increase was partially offset by increased revenues from volume license         
agreements.                                                                     

 The revenue growth in the IT Design and Documentation product group was
primarily due to increased Visio Professional revenues from volume license      
agreements and from the sale of packaged products in the North America and      
Europe regions. Visio Enterprise, introduced in November 1998, also contributed 
significantly to such growth. Average selling prices in this product group      
decreased slightly due to increased revenues from volume license agreements.    
This decrease was partially offset by the Company's price increase in March     
1999, and from the Visio Enterprise product, which has a higher average selling 
price than does Visio Professional.                                             

10  

10-Q 12th Page of 20 TOC 1st Previous Next ↓Bottom Just 12th
Sales Channels                                                                  

Visio classifies its revenues into three sales channels: "Packaged    
Product," "Direct," and "Volume Licensing."  Packaged Product revenues represent
sales of packaged products through national distributors and corporate, value   
added, retail and mail order resellers.  Direct revenues represent sales of     
packaged products directly by the Company generally to end users responding to  
advertising or marketing promotions.  Volume Licensing revenues are derived from
volume licenses which are generally administered through corporate resellers    
after the Company's sales staff has negotiated the sale.  The sales cycle for a 
volume license can extend up to 24 months on significant volume licenses as     
organizations can require extensive time to evaluate and consider a large-scale 
implementation.  Volume Licensing revenues usually do not include any           
significant amount of packaged goods, but do include maintenance and support    
revenues that are priced separately and recognized over the terms of the related
contracts.                                                                      

                                                        [Enlarge/Download Table]

                                                             Three Months Ended March 31,     
                                                       ---------------------------------------
                                                           1999            1998         Change
                                                       ------------    ------------     ------
                                                              (dollars in thousands)          
                                                                                              
Revenues:                                                                                     
 Packaged product..................................... $31,713   62%   $28,007   70%      13% 
 Direct...............................................   2,177    4      3,305    8      (34) 
 Volume licensing.....................................  17,462   34      8,777   22       99  
                                                       -------  ---    -------  ---      ---  
     Total revenues................................... $51,352  100%   $40,089  100%      28% 
                                                       =======  ===    =======  ===      ===  

                                                        [Enlarge/Download Table]

                                                             Six Months Ended March 31,       
                                                       ---------------------------------------
                                                           1999            1998         Change
                                                       ------------    ------------     ------
                                                              (dollars in thousands)          
                                                                                              
Revenues:                                                                                     
 Packaged product..................................... $60,590   61%   $55,267   71%      10% 
 Direct...............................................   4,275    4      6,645    9      (36) 
 Volume licensing.....................................  34,677   35     15,674   20      121  
                                                       -------  ---    -------  ---      ---  
     Total revenues................................... $99,542  100%   $77,586  100%      28% 
                                                       =======  ===    =======  ===      ===  

Growth in the Packaged Product channel was primarily due to the       
contribution of Visio Enterprise, introduced in November 1998. Direct channel   
revenues decreased primarily due to a decrease in upgrades in the Direct        
channel. The Company believes both the Packaged Product and Direct channels have
decreased as a percentage of revenues due to an industry wide shift of corporate
software customers buying through the Volume Licensing channel rather than      
through the Packaged Product or Direct channels. The strong growth in Volume    
Licensing also reflects the results of the Company's continued investment in its
corporate sales staff and Volume Licensing programs. The Company increased its  
corporate sales staff to 90 at March 31, 1999 from 60 at March 31, 1998. The    
Company expects to hire additional corporate sales staff throughout fiscal 1999 
and therefore expects revenues from Volume Licensing to continue to increase as 
a percentage of total revenues.                                                 

11  

10-Q 13th Page of 20 TOC 1st Previous Next ↓Bottom Just 13th
Geographies                                                                     

                                                        [Enlarge/Download Table]

                                                           Three Months Ended March 31,       
                                                       ---------------------------------------
                                                           1999            1998         Change
                                                       ------------    ------------     ------
                                                              (dollars in thousands)          
                                                                                              
Revenues:                                                                                     
 North America........................................ $30,016   58%   $22,789   57%      32% 

 Europe...............................................  13,414   26     10,026   25       34  
 Rest of world........................................   7,922   16      7,274   18        9  
                                                       -------  ---    -------  ---       --  
       Total international............................  21,336   42     17,300   43       23  
                                                       -------  ---    -------  ---       --  

     Total revenues................................... $51,352  100%   $40,089  100%      28% 
                                                       =======  ===    =======  ===       ==  

                                                        [Enlarge/Download Table]

                                                              Six Months Ended March 31,      
                                                       ---------------------------------------
                                                           1999            1998         Change
                                                       ------------    ------------     ------
                                                              (dollars in thousands)          
                                                                                              
Revenues:                                                                                     
 North America........................................ $59,513   60%   $44,240   57%      35% 

 Europe...............................................  26,999   27     20,245   26       33  
 Rest of world........................................  13,030   13     13,101   17       (1) 
                                                       -------  ---    -------  ---       --  
       Total international............................  40,029   40     33,346   43       20  
                                                       -------  ---    -------  ---       --  

     Total revenues................................... $99,542  100%   $77,586  100%      28% 
                                                       =======  ===    =======  ===       ==  

    Revenues in North America and Europe increased over the comparable periods
of fiscal 1998 primarily due to the contribution of Visio Enterprise which was  
not released until November 1998, as well as an increase in revenues from volume
license agreements. Revenues in Rest of World increased slightly in the quarter 
ended March 31, 1999 compared to the corresponding period of fiscal 1998 while  
revenues for the comparable six month period were flat. The Company believes the
Rest of World region has been negatively impacted by general weakened economic  
conditions in Japan, Southeast Asia and Latin America. These economic conditions
may continue to negatively impact revenues and operating results in the Rest of 
World region in upcoming periods.                                               

Cost of Revenues                                                                

                                                                [Download Table]

                                     Three Months Ended         Six Months Ended    
                                         March 31,                 March 31,        
                                  ------------------------  ------------------------
    (dollars in thousands)         1999     1998    Change   1999     1998    Change
                                  ------   ------   ------  ------   -----    ------
                                                                                    
Cost of revenues................. $5,048   $3,637     39%   $9,344   $7,029     33% 
Percent of revenues..............   10%       9%              9%       9%           

Cost of revenues includes product costs, royalties, technical support 
costs, capitalized technology amortization, and costs related to the Company's  
manufacturing personnel.                                                        

Most of the Company's product costs are associated with the Packaged  
Product and Direct channels, the majority of which are derived from sales of    
packaged products.  Volume Licensing revenues have the lowest product cost      
because they generally do not include any substantial amount of packaged goods. 

    The cost of revenues increased as a percentage of revenues for the quarter
ended March 31, 1999 compared to the comparable period in fiscal 1998 primarily 
due to increased technical support costs for the Visio Enterprise and IntelliCAD
products as well as a purchase of user education materials which the Company    
recorded as a period cost. Although the cost of revenues as a percentage of     
revenues has not changed significantly, the mix of significant components within
cost of revenues has changed. The increase                                      

12          

10-Q 14th Page of 20 TOC 1st Previous Next ↓Bottom Just 14th
in Volume Licensing revenues as a percentage of total revenues in the quarter   
ended March 31, 1999 compared to the quarter ended March 31, 1998 has caused    
product costs as a percentage of revenues to decrease significantly. This       
decrease has been offset by increased royalty payments, increased technical     
support costs for supporting the IntelliCAD and Visio Enterprise products, an   
increase in amortization of capitalized technology and an increase in the       
Company's manufacturing personnel.                                              

Research and Development                                                        

                                                                [Download Table]

                                     Three Months Ended         Six Months Ended    
                                         March 31,                 March 31,        
                                  ------------------------  ------------------------
    (dollars in thousands)         1999     1998    Change   1999     1998    Change
                                  ------   ------   ------  ------   -----    ------
                                                                                    
Research and Development......... $8,898   $6,646     34%   $16,678   $12,768   31% 
Percent of revenues..............   17%      16%               17%      16%         

     Research and Development expenses increased as a percentage of revenues for
the three and six months ended March 31, 1999 compared to the comparable periods
in fiscal 1998 primarily due to a charge of $630,000 for lease termination      
obligations related to the Company's decision to relocate its San Diego         
personnel to its Seattle headquarters. The Company is expecting the relocation  
to be completed over the next several quarters and expects to incur additional  
costs of approximately $250,000 during that time period. Research and           
development costs also increased due to (a) costs incurred in the development of
the Company's electronic commerce solution, announced in the March 1999 quarter,
that enables customers to purchase the Company's products through the Internet, 
(b) planned additions to the Company's development organization, and (c)        
staffing additions associated with the acquisition of certain technology and    
assets from third parties. The Company believes it will be necessary to continue
to increase research and development spending during fiscal 1999 and beyond to  
expand its product lines and introduce new language version products to         
international markets.                                                          

Sales and Marketing                                                             

                                                        [Enlarge/Download Table]

                                      Three Months Ended         Six Months Ended    
                                          March 31,                 March 31,        
                                   ------------------------  ------------------------
    (dollars in thousands)          1999     1998    Change   1999     1998    Change
                                   ------   ------   ------  ------   ------   ------
                                                                                     
Sales and marketing.............. $20,639   $16,538     25%  $41,004  $32,597    26% 
Percent of revenues..............    40%       41%              41%     42%          

Sales and marketing expenses have increased in absolute dollars as the
Company continues building its worldwide sales, marketing and customer service  
infrastructure.  The increase in sales and marketing expenses in absolute       
dollars was primarily due to additions to the corporate sales staff. This       
increase was partially offset by certain efficiencies gained as a result of the 
merger with Kaspia in July 1998. The Company believes substantial spending on   
marketing awareness and corporate sales staffing is essential to achieve revenue
growth and to maintain and enhance the Company's competitive position.          
Accordingly, Visio expects sales and marketing expenses will continue to        
increase over time.                                                             

13  

10-Q 15th Page of 20 TOC 1st Previous Next ↓Bottom Just 15th
General and Administrative                                                      

                                                        [Enlarge/Download Table]

                                      Three Months Ended          Six Months Ended    
                                          March 31,                  March 31,        
                                   ------------------------   ------------------------
    (dollars in thousands)          1999     1998    Change    1999     1998    Change
                                   ------   ------   ------   ------   -----    ------
                                                                                      
General and administrative....... $3,608   $3,113      16%   $6,917    $6,258     11% 
Percent of revenues..............    7%       8%               7%        8%           

  General and administrative expenses increased in absolute dollars in the
second quarter of fiscal 1999 over the corresponding period of fiscal 1998      
primarily due to increased staffing to support the Company's growth. This       
increase was partially offset by certain efficiencies gained as a result of the 
merger with Kaspia in July 1998. The Company expects general and administrative 
expenses to continue to increase in absolute dollars as the Company builds      
additional infrastructure to support its revenue growth.                        

Acquired Technology and Merger Expenses                                         

     Merger with MarComp.  On January 22, 1998, the Company merged with MarComp,
a privately held provider of programming toolkits for access to Autodesk's      
AutoCAD .dwg and .dxf file formats, located in Parkton, Maryland.  Under the    
terms of the merger agreement, Visio exchanged 50,014 shares of its unregistered
common stock for all of the outstanding shares of MarComp.  The transaction was 
accounted for as a pooling of interests and due to the immateriality of the     
amounts involved, prior period financial statements have not been restated.  The
transaction resulted in an increase in equity of $109,000 primarily due to the  
acquisition of cash and accounts receivable from MarComp and resulted in        
approximately $100,000 in merger related costs in fiscal 1998.                  

 InfoModelers Technology Acquisition.  On February 10, 1998, the Company
acquired certain technology and assets of InfoModelers, Inc. ("InfoModelers"), a
privately held, leading supplier of database and data warehouse visual design,  
access and query tools, located in Bellevue, Washington.  Under the terms of the
agreement, Visio issued 200,000 shares of its unregistered common stock for     
accounts receivable, fixed assets, tax assets and certain technology assets.    
The transaction was accounted for using the purchase method and was valued at   
approximately $8.0 million for InfoModeler shareholders.  This transaction      
resulted in a total charge to acquired technology and merger expenses of  $7.0  
million for in-process research and development in fiscal 1998.  In addition,   
the Company recorded approximately $1.0 million in other assets.                

Interest and Other Income, Net                                                  

  Interest income of $1.1 million remained flat for the three month period
ended March 31, 1999, compared to the prior year period.  For the sixth month   
period ended March 31, 1999, interest income of $2.3 million increased slightly 
compared to interest income of $2.1 million in the comparable period of the     
prior year. Interest income in the three and six month periods in fiscal 1999   
was negatively impacted by lower interest rates, however, the impact was        
partially mitigated by an increase in cash and short-term investments. Other    
income includes grant income from the Industrial Development Agency of Ireland  
and gains and losses from unhedged foreign currency transactions. Visio manages 
its foreign currency exposure by hedging certain foreign currency transactions. 

Income Taxes                                                                    

The Company's effective income tax rate was 26% for the three and six 
months ended March 31, 1999, compared to 25% in the comparable periods in       
fiscal 1998. The increase in the Company's effective tax rate was primarily due 
to non-recurring tax benefits realized in fiscal 1998 which were obtained in the
merger with Kaspia in fiscal 1998. The Company anticipates the effective income 
tax rate may increase in future periods should earnings generated in the U.S.   
grow at a significantly faster pace than earnings generated internationally,    
should the Company expand its business to additional states within the U.S.,    
should the Company be unable to continue to invest its excess cash and short-   
term investments in non-taxable investments, or should the Company repatriate   
funds from its international operations to the U.S. At this time, no provision  
has been recorded for federal income taxes on unremitted earnings               

14  

10-Q 16th Page of 20 TOC 1st Previous Next ↓Bottom Just 16th
of certain of the Company's foreign subsidiaries since the Company plans to     
reinvest all such earnings in its foreign subsidiaries for the foreseeable      
future.                                                                         

Liquidity and Capital Resources                                                 

 The Company's cash and short-term investments totaled $114.9 million at
March 31, 1999 compared to $109.0 million at September 30, 1998.  The increase  
in cash and short-term investments was due primarily to cash generated from     
operations and cash proceeds from the issuance of shares of common stock through
the Company's employee stock plans. The increase in cash and short-term         
investments was partially offset by purchases of equipment and leasehold        
improvements and purchases of the Company's common stock through its stock      
repurchase program. In addition, the Company entered into an agreement in the   
quarter ended March 31, 1999 to license certain technology from a third party.  
Under the terms of the agreement, the Company paid $3.2 million for other assets
and prepaid expenses in connection with this agreement.                         

  In July 1999, the Company will relocate its Dublin, Ireland offices to a
new leased facility. At March 31, 1999, the Company had commitments for capital 
expenditures of approximately $1.1 million related to this new facility.        

    The Company is exposed to market risk related to changes in interest rates
and foreign currency exchange rates, each of which could adversely affect the   
value of the Company's investments.  The Company does not use derivative        
financial instruments for speculative or trading purposes.  There was no        
material change in the Company's market risk during the second quarter of fiscal
1999.                                                                           

On February 2, 1999, the Company's board of directors authorized the  
repurchase of up to two million shares of the Company's common stock over the   
next two years. Purchases may be made from time to time either in the open      
market or in privately negotiated transactions. The Company anticipates that all
purchases will be funded from available working capital. The plan may be        
suspended at any time. In the quarter ended March 31, 1999, the Company         
repurchased 383,000 shares with an aggregate cost of $10.0 million.             

     The Company believes that its current cash balances, short-term investments
and cash flows from operations will be sufficient to meet its working capital   
and capital expenditure requirements as well as fund its stock repurchase       
program for at least the next 12 months.                                        

From time to time, the Company evaluates potential acquisitions of    
businesses, products or technologies that complement the Company's business.    
At March 31, 1999, the Company had no material agreements or commitments with   
respect to any such transactions.                                               

Year 2000 Issues                                                                

     For a complete description of the issues faced by the Company in connection
with the year 2000 and the status of the Company's efforts to address such      
issues, see the sections entitled "Year 2000 Issues" in (a) Item 7 "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in the
Company's Annual Report on Form 10-K for the fiscal year ended September 30,    
1998 and (b) Item 2 "Management's Discussion and Analysis of Financial Condition
and Results of Operations" in the Company's Quarterly Report on Form 10-Q for   
the fiscal quarter ended December 31, 1998, which sections are hereby           
incorporated by reference in this Quarterly Report on Form 10-Q. Except as      
disclosed in this report, the discussion in the Company's previous SEC reports  
is complete and accurate in all material respects.                              

  The Company has completed the audits of its internal systems, other than
the desktop audits, which the Company currently expects to complete by June 30, 
1999. The Company still intends to complete any required corrective action by   
September 30, 1999.                                                             

15  

10-Q 17th Page of 20 TOC 1st Previous Next ↓Bottom Just 17th
   The Company is continuing to receive responses relating to potential year
2000 issues from its key third party vendors and service providers. As of the   
date of this Quarterly Report on Form 10-Q, the Company has received responses  
from approximately 75% of such third parties. In addition, Visio International  
Limited and Visio Singapore Pte Ltd., the Company's subsidiaries responsible for
European and Asia Pacific operations, have distributed year 2000 questionnaires 
to certain of their key vendors and service providers. As of the date of this   
Quarterly Report on Form 10-Q, Visio International has received responses from  
approximately 20% of such third parties, and Visio Singapore has received       
responses from approximately 40% of such third parties. The Company and its     
subsidiaries are currently preparing a follow-up distribution of questionnaires 
to those third parties who have not yet responded. To date, no significant year 
2000 risks have been identified in any third party responses.                   

European Monetary Union                                                         

     For a complete description of the issues faced by the Company in connection
with the implementation of the Euro by the European Economic and Monetary Union 
and the status of the Company's efforts to address such issues, see the section 
entitled "European Monetary Union" in (a) Item 7 "Management's Discussion and   
Analysis of Financial Condition and Results of Operations" in the Company's     
Annual Report on Form 10-K for the fiscal year ended September 30, 1998 and (b) 
Item 2 "Management's Discussion and Analysis of Financial Condition and Results 
of Operations" in the Company's Quarterly Report on Form 10-Q for the fiscal    
quarter ended December 31, 1998, which sections are hereby incorporated by      
reference in this Quarterly Report on Form 10-Q. Except as disclosed in this    
report, the discussion in the Company's previous SEC reports is complete and    
accurate in all material respects. As of the date of this Quarterly Report on   
Form 10-Q, the Company believes that its accounting and business systems are    
capable of adequately handling currency trading and non-cash (banking)          
transactions involving the Euro, and the Company has not experienced any        
material operational disruptions or incurred any significant costs in connection
with the introduction of the Euro on January 1, 1999. However, there can be no  
assurance that the Company will not experience or incur any such material       
disruptions or costs in connection with future Euro implementation.             

16  

10-Q 18th Page of 20 TOC 1st Previous Next ↓Bottom Just 18th
Item 3.  Quantitative and Qualitative Disclosures about Market Risk             

     There was no material change in the Company's market risk during the second
quarter of fiscal 1999.                                                         

Part II.  Other Information 

Item 4.  Submission of Matters to a Vote of Security Holders                    

    The Company's 1999 Annual Meeting of Shareholders was held on February 24,
1999.  At the Annual Meeting, shareholders took the following actions:          

1.   Seven directors were elected to serve on the Company's Board of Directors  
until the Company's 2000 Annual Meeting of Shareholders and until their         
successors are elected and qualified. Votes were cast for each director as      
follows:                                                                        

                                                                [Download Table]

                              For                    Withheld
                            ---------                --------
                                                             
J. Jaech                    27,844,953                103,301
T. Johnson                  27,845,103                103,151
T. Alberg                   27,842,506                105,748
T. Byers                    27,845,053                103,201
J. Johnston                 27,842,935                105,319
D. Mackenzie                27,844,703                103,551
S. Oki                      27,844,003                104,251

2.   Shareholders ratified the selection of Ernst & Young LLP as the Company's  
independent auditors for the fiscal year ending September 30, 1999.  Votes were 
cast as follows:                                                                

                                                                [Download Table]
                              
For                 27,926,249
Against                 11,738
Abstain                 10,267

Item 5.  Other Information                                                      

   On April 23, 1999, the Company's Board of Directors unanimously appointed
Bob McDowell to the Board of Directors. Mr. McDowell currently serves as vice   
president, Enterprise Business Relationships at Microsoft Corporation.          

Item 6.  Exhibits and Reports on Form 8-K                                       

(a)  Exhibits required by Item 601 of Regulation S-K:                           

21.1  Subsidiaries of Visio Corporation                               

27.1  Financial Data Schedule which is submitted electronically to the
          Securities and Exchange Commission for information purposes only and
not filed.                                                

27.2  Financial Data Schedule which is submitted electronically to the
          Securities and Exchange Commission for information purposes only and
not filed.                                                

(b)  Reports on Form 8-K:                                                       

None.                                                     

Items  1, 2 and 3 of this Part II are not applicable and have been omitted.     

17  

10-Q 19th Page of 20 TOC 1st Previous Next ↓Bottom Just 19th
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, thereunto duly authorized.                                         

Date:  May  14, 1999                   VISIO CORPORATION                        

                      By:  /s/ STEVE M. GORDON
                                        ----------------------------------
                    Steve M.Gordon
                                        Senior Vice President, Finance and
                                     Administration; Chief Financial
             Officer

                                         (Principal Financial and Accounting
                                          Officer and Duly Authorized Officer)

18  

10-Q Last Page of 20 TOC 1st Previous Next ↓Bottom Just 20th
INDEX TO EXHIBITS 

                                                                [Download Table]

Exhibit No.                        Description                                 
-----------                        -----------                                 
                                                                               
   21.1        Subsidiaries of Visio Corporation                               

   27.1        Financial Data Schedule which is submitted electronically to the
               Securities and Exchange Commission for information purposes only
               and not filed.                                                  

   27.2        Financial Data Schedule which is submitted electronically to the
               Securities and Exchange Commission for information purposes only
               and not filed.                                                  

19

10-Q	1st Page of 20	TOC	↑Top	Previous	Next	↓Bottom	Just 1st

10-Q	2nd Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 2nd

10-Q	3rd Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 3rd

10-Q	4th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 4th

10-Q	5th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 5th

10-Q	6th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 6th

10-Q	7th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 7th

10-Q	8th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 8th

10-Q	9th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 9th

10-Q	10th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 10th

10-Q	11th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 11th

10-Q	12th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 12th

10-Q	13th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 13th

10-Q	14th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 14th

10-Q	15th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 15th

10-Q	16th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 16th

10-Q	17th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 17th

10-Q	18th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 18th

10-Q	19th Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 19th

10-Q	Last Page of 20	TOC	1st	Previous	Next	↓Bottom	Just 20th

Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘10-Q’ Filing	Date	First	Last	Other Filings

	9/30/99	16	18	10-K405
	6/30/99	16		10-Q
Filed on:	5/17/99
	5/14/99	19
	4/30/99	1
	4/23/99	18
	4/2/99	7
For Period End:	3/31/99	1	16
	3/1/99	10
	2/24/99	18		DEF 14A
	2/2/99	8	16
	1/1/99	17
	12/31/98	16	17	10-Q
	10/2/98	7
	9/30/98	2	17	10-K
	4/3/98	7
	3/31/98	2	14	10-Q
	2/10/98	15
	1/22/98	15
				List all Filings

↑Top

Filing Submission 0001032210-99-000821 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Visio Corp – ‘10-Q’ for 3/31/99

As of: Monday, 5/17/99 · For: 3/31/99 · Accession #: 1032210-99-821 · File #: 0-26772

Previous ‘10-Q’: ‘10-Q’ on 2/16/99 for 12/31/98 · Next & Latest: ‘10-Q’ on 8/11/99 for 6/30/99

Quarterly Report — Form 10-QFiling Table of Contents

10-Q — Form 10-Q for the Period Ended 3/31/1999Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Quarterly Report — Form 10-Q
Filing Table of Contents

10-Q — Form 10-Q for the Period Ended 3/31/1999
Document Table of Contents