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Technology Stocks : Tumbleweed Communications Corp. (TMWD) -- Ignore unavailable to you. Want to Upgrade?


To: Jacques Chitte who wrote (277)4/3/2004 8:56:07 PM
From: JF Quinnelly  Respond to of 290
 
I'm there with ya, dude.

Someone was admiring one of your classic posts over at Boink! A triple pun, I think it was. I was glad to see your best stuff is still getting laughs.



To: Jacques Chitte who wrote (277)4/28/2004 1:13:01 AM
From: JF Quinnelly  Read Replies (1) | Respond to of 290
 
YORK, April 27 (Reuters) - Shares of Tumbleweed Communications Corp. (nasdaq: TMWD - news - people), an e-mail security company, slid 40 percent on Tuesday after the company reported quarterly results that fell short of analysts' estimates.

The Redwood City, California-based company late Monday reported a net loss of $531,000, or 1 cent a share, in the first quarter. On a pro forma basis, profit was nil per share, compared with analysts' expectation for profit of a penny a share, according to the consensus estimate reported by Reuters Research.

The company entered the first quarter "confident and exited bruised," analyst Maria Lewis Kussmaul, of America's Growth Capital, wrote in a research report. She wrote that the company's second-quarter revenue outlook was "meek."

The company said it now expects a pro forma loss in the second quarter of 2 cents to 4 cents a share on quarterly revenues of roughly $10.5 million to $11.5 million. Analysts are projecting a loss of 2 cents a share on revenue of about $11.2 million, according to Reuters Research, a unit of Reuters Group Plc.

Tumbleweed also late Monday announced management changes including the resignation of its president and chief operating officer, John Vigouroux.

Shares fell $3.09 to $4.51 on Nasdaq. Shares have traded in a range of $1.16 to $8.84 over the past 52 weeks.

Copyright 2004, Reuters News Service