Tuesday January 22, 7:19 pm Eastern Time
RPT-CORRECTED-Vignette's fourth quarter net loss grows
In Austin, Texas, story headlined ``Vignette's fourth quarter net loss grows,'' please read in fourth paragraph ...compared with a core profit of $649,000 or nil per share... instead of ...compared with a core profit loss of $649,000 per share,... (Corrects to show Vignette had a core profit a year ago)
A corrected copy follows)
AUSTIN, Texas, Jan 22 (Reuters) - Software maker Vignette Corp. (NasdaqNM:VIGN - news) on Tuesday posted a fourth-quarter net loss that widened from a year ago as corporate technology spending remained muted.
The Austin, Texas, maker of software that helps companies manage Web site content had a net loss of $966.6 million, or $3.96 a share, compared with a net loss of $138.7 million, or 60 cents, in the year-earlier quarter.
Revenues fell to $52.5 million from $123.9 million.
The company said its core loss was $10.9 million, or four cents, compared with a core profit of $649,000, or nil per share, a year ago. The core loss figure excludes an expected noncash charge related to the write-down of intangible assets and a host of one-time items such as charges for severance, the shuttering of facilities and equity investment write-downs.
Earlier this month, the company said it expected to post a core loss of $13 million to $16 million, or 4 cents to 6 cents a share, on revenue of $50 million to $52 million. |
