Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: solihull who wrote (240)	5/7/2001 7:19:25 AM
From: solihull	Respond to of 13815

Re: Bad = Good More good news. BTW, Haven't checked all competitors, maybe they're also losing market share. Not everything can be blamed on external factors. (PRSF) Portal Software Announces Revised First Quarter Financial Outlook 5/7/01 7:05 AM ET CUPERTINO, Calif.--(BUSINESS WIRE)--May 7, 2001--Portal Software, Inc. (Nasdaq:PRSF), a leading provider of business infrastructure software for next-generation communications services, today announced that revenue and earnings for its first quarter ended April 30, 2001 are expected to be below the company's prior expectations. Revenue for the first quarter is now expected to be in the range of $42 to $44 million. The company expects to report a pro forma loss in the range of $0.19 to $0.21 per share for the April 30, 2001 quarter. These expected pro forma results exclude amortization of goodwill and developed technology related to the November 2000 Solution42 acquisition. These expectations are preliminary and subject to change. Portal Software will report actual results for the quarter ended April 30, 2001 on May 17, 2001. "While we anticipated a slowdown in economic spending by technology and communications companies, the overall global downturn was greater than we had anticipated," said John Little, chief executive officer at Portal Software. "We will be taking aggressive cost cutting measures to reduce our expenses throughout the company in an effort to meet our business objectives in the short and long term. I believe that with these swift actions, our strong cash position and our solid market leadership, Portal is well positioned to weather the current economic climate."