widened its fourth-quarter loss estimate, citing the weak economy.
The Portland, Ore., software maker expects to lose a pro forma 23 cents to 25 cents a share on revenue of $10 million in the period. Analysts had been forecasting a loss of 12 cents a share, pro forma.
The company said a many existing and potential customers deferred technology purchases during the fourth quarter.
Corillan will also take a $17 million charge in the quarter to write down assets from a 2000 acquisition.