Feeds

Imaging software firm warns of hardware difficulties ahead

Peerless says outlook not good until year 2000

  • alert
  • submit to reddit

The essential guide to IT transformation

An imaging software company has issued a profits warning which it said will extend into the year 2000 because OEMs which use its products in their products are failing to sell as many machines as they had anticipated. Peerless Systems reported that while its second quarter results showed an increase in net profit and turnover increased by over 40 per cent, the outlook for the sector will be disappointing in the future. That caused its shares to plunge on Wall Street by over $13. However, the implications for Peerless customers, some of which are large OEMs, is likely to be far more severe. Peerless had a turnover of $8.5 million in its second quarter and showed net profits of $1.5 million. The hardware companies which use the Peerless imaging software have been hit by lack of demand as well as the Asian economic woes which have seriously affected many manufacturers during the course of the first nine months of 1998. Peerless shares stood at just over $7 on Wall Street when trading closed on Friday. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?