Shares of Lawson Software ( LWSN), which reported somewhat disappointing fiscal second-quarter results and third-quarter guidance, slumped Tuesday as investors digested a raft of unsettling news.

But the business software maker is close to an historic bottom and may well be positioned for a comeback later in the year. "Is the market being too hard on the company today? I don't think so," says Mike Marzolf, a fund manager at Thrivent Financial. "But I'd be surprised if it doesn't bounce back," he adds.

Shares of Lawson closed Tuesday off 37 cents, or 5.2%, to $6.75.

Marzolf notes that the company is trading at close to 1 times enterprise-value-to-sales, a level generally seen as a floor for enterprise software stocks.

Late Monday, Lawson reported a loss of $3.5 million, or 2 cents a share, compared with a profit of $6.6 million, or 6 cents a share, in the previous year.

Excluding items, Lawson would have posted earnings of $5.4 million, or 3 cents a share, compared with the profit of 4 cents expected by analysts polled by Thomson Financial.

Quarterly revenue jumped to $184.5 million from $89 million a year ago, due to the consolidation of revenue from Lawson's acquisition of Intentia International in April. The results exclude $3.9 million in deferred maintenance and service revenue.

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