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Pumatech Plunges 33% on Reduced Earnings Forecast

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Pumatech

(PUMA)

, which makes software that connects mobile devices to the Internet, was down 33.2% in late morning after

Robertson Stephens

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trimmed its revenue and earnings forecasts.

The move came a day after the company posted a first-quarter loss of 8 cents per share, better than the

First Call/Thomson Financial's

loss estimate of 9 cents.