Roxio lowers financial forecast
Software maker Roxio announced Tuesday that financial results for its first quarter will be below previous estimates. The company now expects revenue of $31 million and pro forma earnings of 2 cents a share, compared with previous estimates of $35 million and 15 cents a share, for the quarter ending June 30. The company, whose main products include the Easy CD Creator CD burning application and PhotoSuite graphics software, blamed soft demand throughout the PC software industry. "Industry indicators now suggest that the consumer and PC software sectors will be less robust in the near-term than previously anticipated," CEO Chris Gorog said in a statement.
The company, whose main products include the Easy CD Creator CD burning application and PhotoSuite graphics software, blamed soft demand throughout the PC software industry. "Industry indicators now suggest that the consumer and PC software sectors will be less robust in the near-term than previously anticipated," CEO Chris Gorog said in a statement.