loss widened in the third quarter as revenue decreased by more than 7% year over year.
acquisition by rival
is pending, lost $26.3 million, or 17 cents a share, compared with a loss of $7.5 million, or 5 cents a share last year.
Revenue was off 7.4% to $156.1 million from $168.5 million a year ago.
Excluding items such as stock-based compensation and acquisition-related charges, the maker of hardware related to storage networks, lost $4.3 million, or 3 cents a share, compared with a profit of $3.6 million, or 2 cents a share in the same quarter last year.
On that basis, analysts polled by Thomson First Call were looking for a profit of 1 cent a share on revenue of $157.18 million.
Wall Street's reaction to the disappointing quarter was muted. In recent after-hours trading shares were off 4 cents to $6.23.