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Manugistics (MANU) - Get Manchester United Plc Class A Report was up 5.1% in midmorning. After the close Wednesday, the maker of manufacturing software posted a second-quarter loss of 16 cents per share, down from a profit of 2 cents a year earlier.

Manugistics also warned that third-quarter earnings would be below expectations and it announced that it plans cut about 12% of its workforce, or about 180 jobs, cut costs.

The company blamed the slowing economy. CEO Greg Owens told Reuters that it is too early to tell whether the Sept. 11 terror attacks would have a long-lasting effect.

Business software maker,

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Peregrine Systems

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was down 8.9% after it said second-quarter EPS was 5 cents, excluding items. The Thomson Financial/First Call estimate was 8 cents.