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Natural Micro Systems Halved on Warning

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Natural Micro Systems

(NMSS)

was sliced by 56% in early trading on the heels of its warning late Monday that fourth-quarter earnings would be 6 to 8 cents per share, down from previous estimates. The communications software company blamed a slowdown in the telecommunications industry and lowered its 2001 guidance to a growth rate of 40% to 50% from the previous outlook of 60% to 70%.

Natural Micro Systems Halved on Warning

Author:
Publish date:

Natural Micro Systems

(NMSS)

was sliced by 56% in early trading on the heels of its warning late Monday that fourth-quarter earnings would be 6 to 8 cents per share, down from previous estimates. The communications software company blamed a slowdown in the telecommunications industry and lowered its 2001 guidance to a growth rate of 40% to 50% from the previous outlook of 60% to 70%.