UK: MERANT ISSUES PROFIT WARNING/SHARES FALL

Article Abstract:

Merant, the UK's second largest software company, has issued a profit warning for its fourth quarter results. The company has predicted that revenue during the period will be some 10% below analysts' predictions. The reason for this decline is said to be a GB[pound] 10mn restructuring charge. As a result of the profit warning shares in Merant fell by GB[pound] 0.985 to GB[pound] 1.665 on 14 April 2000. Merant's market value has declined by some 60% since the start of the year.

MERANT

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UK: QSP SHARES DIVE AFTER PROFITS WARNING

Article Abstract:

Shares in QSP Group, the UK-based financial software provider, fell by 21% on 31 August 2000, closing down GB[pound] 0.28, at GB[pound] 1.035. The fall followed the earlier issue of a profits warning, which blamed "dull market conditions" during the first quarter to March 2000.

Financial, Acctg Software Pkgs (Micro), Financial software, QSP

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UK: STRONG GROWTH FROM STAFFWARE

Article Abstract:

Software company Staffware which specialises in middleware notched up sales growth of 45% compared to a 40% rise in the first quarter. It reported total first half sales of GB[pound] 15.9mn with sales in Germany, Italy and Australia being reported for the first time. However, the company aims to be active in e-commerce software for business-to business applications in addition to middleware. First half sales B2B e-commerce software totalled GB[pound] 1.1mn.

Brief Article, Staffware Corp.

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