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Software Leasing Trend Slams Baan Earnings
On October 21, the Baan Company announced a larger-than-expected loss of $25M. Baan's stock price tumbled more than 10% after the loss more than tripled Wall
Leasing Trend Slams Baan Earnings Event Summary On October 21, Baan Co. reported a net loss of $25 million, or 12 cents per share, as well as significantly lower year-on-year revenue for the third quarter ended Sept. 30. Although the business software vendor was able to reduce its third-quarter loss compared with the $40 million in red ink it posted for the corresponding quarter in 1998, revenue fell by roughly 27% to $143 million, down from $195 million in last year's third quarter. Baan cited
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Hosted Hosting: Should Service Providers Go Hosted?
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Micron to Push
Personal computer maker Micron Electronics said Tuesday it will spend $210 million on its
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Computer Manufacturers Shifting Their Focus to Start-Ups
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