Red Hat has lower Q2 net, cuts year cash flow estimate
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Red Hat Inc. , a provider of  Linux open-source software, on Tuesday reported lower  second-quarter net income and cut its full-year cash flow  forecast, citing the high costs of integrating acquisitions.
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Shares in the telecommunications equipment maker fell today to their lowest level after the company slashed its forecast for full-year revenue growth.
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Shares of software maker Red Hat Inc. plummeted Wednesday, a day after the company said its second-quarter profit slipped 34 percent on stock compensation expenses.
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Red Hat (nasdaq: RHAT - news - people ) reported strong fiscal third-quarter earnings but revenue missed forecasts. In Wednesday after-hours trading, shares of Red Hat were down $1.00, or 6.6%, to $14.07.
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Red Hat&#39;s decision to change the way it accounts for subscription revenues &quot;is an accounting issue,&quot; says Yankee Group analyst Dana Gardner.
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InfoWorld - Red Hat has changed the pricing model for its SaaS-based system monitoring and added support for more software packages, the company said on Wednesday.
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The high-end computer maker says revenue for the first quarter of fiscal 2005 will be lower than previously projected.
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A slowing economy weighs on the employment software company.
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Legal and research expenses drag its bottom line down.
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Sonic Automotive Inc. has lowered its earnings estimate for 2004 because of weather-related losses and a difficult market for new and used vehicle sales.
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Design software maker Adobe  Systems Inc.  on Thursday posted lower second-quarter  net income, weighed down by higher costs related to its  acquisition of Macromedia.
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Enterasys Networks Inc. , which makes computer networking equipment, said it will cut 115 jobs, or 12 percent of its workforce, to save $9.5 million annually after posting 14 straight quarterly losses. The firings will lead to charges in the fourth quarter of 2004 and in the first quarter of this year of $3.5 million to $3.8 million, the Andover-based ...
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Credit Suisse First Boston lowered estimates for Analog Devices (nyse: ADI - news - people ) after the maker of integrated circuits provided disappointing guidance.
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Sun Microsystems on Thursday reported modest earnings that were in line with Wall Street expectations for its second fiscal quarter of 2005, which ended December 26, but the company fell short on the revenue side.
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The company has signalled profits of between Â£285 million and Â£295 million, down on Â£311 million a year ago, following a poor run of sales.
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Chipmaker National Semiconductor Corp.(NSM.N: Quote, Profile, Research) on Monday cut its second quarter revenue outlook, saying business was weaker than expected.
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Japanese electronics maker Hitachi slashed its full-year profit forecast because of ballooning costs to repair nuclear reactors and slumping sales of some products, saying Friday it now expects to lose 55 billion yen this year, or about $467.3 million.