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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (14422)	9/19/2000 5:18:16 PM
From: DEER HUNTER	Read Replies (1) \| Respond to of 14631

I can't remember a stock halt just to warn. But then again there's always a first for everything. It has to be either a takeover or a reorg. dh

To: Logain Ablar who wrote (14422)	9/19/2000 7:07:34 PM
From: M. Charles Swope	Read Replies (2) \| Respond to of 14631

Uh Oh. Here we go again: WESTBORO, Mass., Sept 19 (Reuters) - Database software maker Informix Corp. <IFMX.O> on Tuesday revised its revenue outlook, cutting third-quarter earnings targets, and said it would establish two operating companies as part of a reorganization. The company said it reevaluated its business model and said it now expects a quarterly revenue run rate in the range of $200 million to $215 million. Informix's newly defined units for database and solutions businesses should account for 85 percent and 15 percent of revenues respectively. Based on that outlook, Informix expects to post a third-quarter loss in the range of 5 cents to 8 cents per share. That is below analysts' consensus estimate of a profit of 2 cents per share, according to tracking firm First Call/Thomson Financial. Informix said it should post break-even results in the fourth quarter leading to profits in the first quarter of 2001. Wall Street expected a fourth-quarter profit of 6 cents per share and a profit of 5 cents per share in the first quarter. Additional transition charges through the first half of 2001 should total from $15 million to $20 million, which is higher than the $10 million to $15 million range for charges projected by the company in August. ((New York Newsdesk 212-859-1700)) REUTERS