MORGEN BEI MANUGISTICS BLUTBAD!!!!!!!!!!!! - 500 Beiträge pro Seite

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Tuesday June 4, 6:21 pm Eastern Time
Reuters Company News
Manugistics warns of 1st qtr loss, job cuts

ROCKVILLE, Md, June 4 (Reuters) - Software provider Manugistics Group Inc. (NasdaqNM:MANU - News) on Tuesday warned that slowing sales in May will lead to a first-quarter operating loss and a reduction in its work force as the company aims to cut costs.

The Rockville, Maryland-based company said it expects to report on June 27 total first-quarter revenue of $71 million to $73 million, an adjusted operating loss of $16 million to $18 million and an adjusted loss before income taxes of $18 million to $20 million.

The loss estimates exclude charges related to amortization of intangibles, purchased research and development associated with acquisitions and non-cash stock compensation expense.

"The current economic environment negatively impacted the purchasing of information technology, especially in the enterprise application software sector, which worsened late in our first quarter," Greg Owens, chairman and chief executive, said in a statement.

Analysts polled by Thomson First Call had, on average, expected the company to post a loss of 2 cents a share, excluding charges, on revenue of $82.1 million.






AGGRESSIVE SELL MANU!!!!!!!!



AL PACINO

[deathisnot_theend]

BLUUUUUUUUUTTTT

JEIL

[deathisnot_theend]

OUCH

AL WIRD ALT

[antec]

das war heute wirklich ein blutbad bei manugistics
-31%





Manugistics shares fall 31 percent on weak quarter
Friday September 27, 5:09 pm ET


(Recasts, adds details, analyst comments, updates stock activity, changes dateline from NEW YORK)
PALO ALTO, Calif., Sept 27 (Reuters) - Shares of Manugistics Group Inc.(NasdaqNM:MANU - News) fell 31 percent on Friday, one day after it reported a quarterly loss, a larger-than-expected slide in software sales, and an additional round of job cuts.

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The Rockville, Maryland-based company also said President Richard Bergmann would depart after an extended leave of absence.

Shares of the former high-flying business-to-business software maker finished down 31.17 percent, or $1.20, at $2.65 on Nasdaq. During the session, shares touched their 52-week low of $2.50, previously hit in August.

Manugistics shares have fallen more than 87 percent so far this year.

UBS Warburg analyst Ken Carey cut his rating on the stock to a "hold" and said the drop in revenue made him uncomfortable maintaining the firm`s "buy" rating.

Elsewhere, Deutsche Bank cut its rating to a "hold" from "buy" and Thomas Weisel Partners took its rating to "market perform" from "attractive."

Analysts saw few catalysts to drive the stock price higher in the near term as Manugistics and other companies that sell to big corporations struggle with weak demand.

"We believe (contract) close rates for the company deteriorated further in the quarter, and unlike some other sectors of the software industry where we believe things are a little better, there is no clear evidence that close rates have bottomed," UBS Warburg analyst Carey said.

Deutsche Bank suggested that Manugistics` depressed stock price could make the software shop an acquisition target. Manugistics software helps manufacturers and suppliers exchange purchasing, pricing and inventory data over the Web.

Analysts at the firm lowered their fiscal 2003 licensing revenue estimates to $83 million from $97 million. The analysts also see fiscal 2004 licensing revenue down to $94 million from $140 million, depressing Deutsche`s earnings outlook to a 14- cent loss from a 4-cent profit.

Investors and analysts also are keeping a close eye on Manugistics` cash balance, which is expected to be around $155 million at the end of its current fiscal third quarter.

"We remain concerned about the company`s ongoing net cash position, but Manugistics is taking the appropriate steps in light of this softening market by aggressively driving to profitability," ThinkEquity analyst Mark Verbeck said in a client note, referring to the company`s latest round of job cuts.

Credit Suisse First Boston analyst Brent Thill said he thinks Manugistics` gross cash reserves are adequate and that cost cutting will help the company preserve its cash. The company should be able to turn cash-flow positive before its $250 million in convertible bonds come due in 2007, he said.

Manugistics` products have surpassed rival supply-chain software maker i2 Technologies (NasdaqNM:ITWO - News), Deutsche analysts wrote. However that view is "masked by a spending environment that is extremely challenging" and could remain so for another year.