KDnuggets : News : 2001 : n06 : item17    (previous | next)

Briefs

Insightful reduces 1Q 2001 Guidance
SEATTLE--(BUSINESS WIRE)--March 6, 2001 via NewsEdge Corporation -

Insightful Corporation (Nasdaq:IFUL), formerly MathSoft, Inc., a
leading provider of solutions for predictive analysis, data mining and
business intelligence, today announced that due to economic softness
in several of the markets which the company serves, it has reduced its
revenue guidance for first quarter 2001 to be in the range of $3.8M to
$4.0M and its earnings to be between a loss of $0.01 per share and a
profit of $0.01 per share.

Insightful has revised its operating plan for slower growth in 2001
while continuing to invest in product development, key sales and
marketing initiatives and maintaining a strong balance sheet. Based on
reduced visibility for the remainder of this year, Insightful does not
presently intend to provide new or updated guidance for the
foreseeable future, and any earlier indications provided by the
company should not be viewed as indicative of management's current
estimates of future results.

See www.insightful.com

KDnuggets : News : 2001 : n06 : item17    (previous | next)

Copyright © 2001 KDnuggets.   Subscribe to KDnuggets News!