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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (30282)	9/19/2000 10:54:23 PM
From: adcpres	Read Replies (1) \| Respond to of 42787

How is this Paul? -- Any better? -- Confession Season Begins All Headlines Informix revises revenue outlook, sees Q3 loss WESTBORO, Mass., Sept 19 (Reuters) - Database software maker Informix Corp. (NASDAQ: IFMX) 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. Glad I don't hold any! GH