Feeds

Imaging software firm warns of hardware difficulties ahead

Peerless says outlook not good until year 2000

  • alert
  • submit to reddit

Seven Steps to Software Security

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. ®

Boost IT visibility and business value

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Airbus promises Wi-Fi – yay – and 3D movies (meh) in new A330
If the person in front reclines their seat, this could get interesting
UK Parliament rubber-stamps EMERGENCY data grab 'n' keep bill
Just 49 MPs oppose Drip's rushed timetable
Want to beat Verizon's slow Netflix? Get a VPN
Exec finds stream speed climbs when smuggled out
Samsung threatens to cut ties with supplier over child labour allegations
Vows to uphold 'zero tolerance' policy on underage workers
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Mobile application security vulnerability report
The alarming realities regarding the sheer number of applications vulnerable to attack, and the most common and easily addressable vulnerability errors.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.