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June 15, 1996|Times Staff and Wire Reports

Quarterdeck Projects Loss for 3rd Quarter: Quarterdeck Corp. shares fell nearly 30% after the software company said it sees a "substantial" fiscal third-quarter loss because of weak sales of key products. Shares of the Marina Del Rey-based company fell $3.06 to $9.82 on Nasdaq trading of 4.7 million shares, making the stock the ninth-most active stock in U.S. markets. Earlier, the shares traded as low as $9.75, the lowest price in a year. Quarterdeck said this week that slow sales of its computer memory management and communication software have been slower than expected in the third quarter, which ends June 30. The shortfall will result in a substantial but unspecified loss. Quarterdeck is accelerating a restructuring program begun earlier this quarter.

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