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Technology Stocks : VISIO Corp (VSIO): Big ISO 9000 Play

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To: Dan Spillane who wrote ()7/8/1999 5:04:00 PM
From: RoseCampion  Read Replies (2) of 522
 
Very bad news:

This was released at 1602 EST today.

For the quarter, the Company estimates revenues will be $50.0 million and earnings per share will be in the range of $0.29-$0.30, compared to consensus estimates of $53.5 million and $0.35. Third quarter results were impacted by a continued slowdown in sales through the distribution channel and delays in closing several large corporate licensing agreements. The Company expects that revenue for its fourth quarter will be at the lower end of current analyst estimates, or
approximately $61.0-$62.0 million. Visio Corp. will release final results for the June 1999 quarter on Wednesday, July 21, 1999.
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