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SeeBeyond to Fall Short of Revenue Forecasts

April 02, 2002|Bloomberg News

SeeBeyond Technology Corp., a maker of software used to link computer systems, said it won't meet revenue forecasts for the first quarter because of slowed spending by technology companies.

The Monrovia company said it expects to report revenue of $42million to $42.5million, compared with the $44.5-million average forecast of analysts polled by Thomson Financial/First Call. The company also said that it expects to earn 3 cents a share, matching analyst expectations.

Shares of SeeBeyond fell to as low as $7.35 in after-hours trading on the announcement. They had closed at $7.97, up 32 cents, on Nasdaq.

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