MapInfo

(MAPS)

lowered its guidance for the first quarter of 2002, saying it now expects a loss of 10 cents to 13 cents a share on revenue of $22 million to $23 million. Analysts had been expecting a loss of 4 cents a share, according to Thomson Financial/First Call.

In the year ago quarter, the company earned 14 cents a share.

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The geography-based software maker said the new forecast reflects soft technology spending, longer customer decision cycles and the global economic slowdown.