Baan's results fall short of forcasts; sharp drop

Article Abstract:

Baan NV (Barneveld, Netherlands) reported worse than expected earnings for the fourth quarter, that resulted in a drop in the price of the company's shares. Losses of $294.7 million or $1.45 per share was in contrast to last year's profit of $29.1 m or $0.15 per share. Sales were down from $215.6 to $131.1 m for the same period last year. For 1998, losses totalled $315.2 m or $1.59 per share. The head of the company pointed out that Baan and its competitors all lost money, due partly to the economic slowdown. However, Baan has recently acquired companies, resulting in management difficulties.

Netherlands, Baan Company N.V.

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Revenue jump boosts income by 10% for CA

Article Abstract:

Computer Associates International Inc. (CA) posted an improvement of 10% in its operating income for the fiscal first-quarter of 1999. The quarter ended on June 30, 1999. CA also posted a revenue increase of 17% for the period. CA reported $213.6 million (205.4 million euros) in earnings before extraordinary charges. During the same period in 1998, CA posted $195.2 million in earnings.

Comment:

Posts improvement of 10% in operating income for fiscal first-quarter of 1999

Abstract, CA Inc.

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Electronic Arts forecasts charge for EA.com layoffs

Article Abstract:

Electronic Arts Inc. is expecting to post a $12 million to $17 million charge from the layoffs at its EA.com online gaming unit. The charge will take place in the 2001 third-quarter.

Games,Recreation Software Pkgs(Micro), Human resource management, Electronic Arts Inc., ERTS, Home software, ea.com

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