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Preannouncements: Egghead upbeat, Logility warns

    Egghead.com (Nasdaq: EGGS) sees flat sequential revenue growth in the second quarter.

    The online retailer said Wednesday it expects second quarter revenue ranging between $140 million and $150 million, little changed from $147.8 million in the previous quarter.

    The company projects revenue growth of about 8 percent to 12 percent for the third quarter over the second and 12 percent to 19 percent in the fourth quarter versus the third.

    "The company expects for the remainder of 2000 to continue to emphasize higher gross margins and lower losses, rather than primarily revenue growth," a statement said.

    In recent months, Wall Street has started to look for profits from Internet companies. The company plans re-emphasize revenue growth in 2001. Egghead.com expects to achieve profitability in early 2002.

    Shares of Egghead.com rose 1 27/64 on Wednesday afternoon to close the regular session at at 5 13/16, following the preannouncement. The stock traded at 5 11/16 in afterhours activity on the Island electronic communications network.

    Other quarterly preannouncements Wednesday:

  • Logility
  • (Nasdaq: LGTY) won't meet the current analyst estimate for the fourth quarter.

    The business software vendor expects to report a fourth quarter loss ranging between $600,000 and $900,000. The lone analyst surveyed by First Call predicted a slight profit for Logility.

    Revenue for the fourth quarter, which ended April 30, was in the $6.5 million to $7 million range, the company said.

    Logility blamed the disappointing results on purchasing delays by customers. Contracts in the enterprise software industry often aren't signed until the final weeks of a quarter.

    "We do believe that a number of these accounts will close in future quarters," said J. Michael Edenfield, Logility's CEO and president.

    The company plans to release final results for the fourth quarter on June 6.

  • American Software
  • (Nasdaq: AMSWA) also sees a fourth quarter disappointment.

    The provider of manufacturing and supply chain management software expects to report a loss of $2.6 million to $3.1 million for fourth quarter ended April 30. That equates to a loss ranging between 11 cents and 14 cents per share, based on the latest available figure of 22.2 million shares outstanding.

    A single analyst surveyed by First Call predicted a loss of 5 cents per share for American Software, which owns 85 percent of Logility.

    Revenue in the fourth quarter was $22 million to $23 million, the company said. Surprisingly low license fees combined with higher spending on the Amquest application infrastructure provider unit to produce lower-than-expected results, American Software said.

    American Software plans to report final results for the fourth quarter on June 7.>