NENG (930110)
Natürlich mit - US-typischen - schlechteren Quartalszahlen. Aber nicht so schlecht wie urspr.erwartet.
Dabei sind in den 25 Mio. einmalige Abschreibungen von 15 Mio.enthalten.
Also, was machen wir ?
CANTON, Mass.--(BUSINESS WIRE)--April 4, 2001--Network Engines, Inc. (Nasdaq: NENG - news), today announced that it expects to report revenue for the fiscal second quarter ended March 31, 2001 of approximately $2.5 million, significantly below the Company's previous expectations of $7.0 million. The Company cited continued weakness in IT investments by its core ``new economy'' customer base, increased pricing pressure from general purpose server vendors and the delayed delivery of its new WebEngine(TM) Sierra(TM) server appliance, which began shipping very late in the second quarter.
The Company stated that as a result of management's cash conservation measures throughout the quarter, it is projecting the Company's use of cash in the second quarter to be approximately $25 million, versus an original expectation of $30 to $35 million, of which $15 million is due to a previously disclosed write-down of inventory. The cash balance at the end of the quarter is currently expected to be approximately $88 million or $2.50 per share.
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Natürlich mit - US-typischen - schlechteren Quartalszahlen. Aber nicht so schlecht wie urspr.erwartet.
Dabei sind in den 25 Mio. einmalige Abschreibungen von 15 Mio.enthalten.
Also, was machen wir ?
CANTON, Mass.--(BUSINESS WIRE)--April 4, 2001--Network Engines, Inc. (Nasdaq: NENG - news), today announced that it expects to report revenue for the fiscal second quarter ended March 31, 2001 of approximately $2.5 million, significantly below the Company's previous expectations of $7.0 million. The Company cited continued weakness in IT investments by its core ``new economy'' customer base, increased pricing pressure from general purpose server vendors and the delayed delivery of its new WebEngine(TM) Sierra(TM) server appliance, which began shipping very late in the second quarter.
The Company stated that as a result of management's cash conservation measures throughout the quarter, it is projecting the Company's use of cash in the second quarter to be approximately $25 million, versus an original expectation of $30 to $35 million, of which $15 million is due to a previously disclosed write-down of inventory. The cash balance at the end of the quarter is currently expected to be approximately $88 million or $2.50 per share.
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