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Roxio increases earnings forecast

Software maker Roxio increased financial guidance Monday for its fiscal fourth quarter ending March 31, based on its recently completed acquisition of MGI Software. Milpitas, Calif.-based Roxio now expects net revenue for the quarter to be $38 million and pro forma earnings to be 17 cents a share, compared with previous guidance of $35 million and 15 cents a share. Roxio is best known for its Easy CD Creator and Toast CD-burning applications. MGI's core products are the PhotoSuite and VideoWave photo- and video-editing packages.

Software maker Roxio increased financial guidance Monday for its fiscal fourth quarter ending March 31, based on its recently completed acquisition of MGI Software. Milpitas, Calif.-based Roxio now expects net revenue for the quarter to be $38 million and pro forma earnings to be 17 cents a share, compared with previous guidance of $35 million and 15 cents a share.

Roxio is best known for its Easy CD Creator and Toast CD-burning applications. MGI's core products are the PhotoSuite and VideoWave photo- and video-editing packages.