Corillan Sees Wider-Than-Expected Fourth-Quarter Loss

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Corillan

(CORI) - Get Report

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.