Tech Vendors Issue Warnings10/12/2004 5:40 AM Eastern
C-COR Inc. and Harmonic Inc. both issued preliminary earnings results Tuesday that included slightly lower revenue predictions.
C-COR said net sales in its first fiscal quarter of 2005 ending Sept. 30 would be $62 million, a drop from its guidance of $64 million-$67 million. It attributed the drop to software delays.
Harmonic said it expects net sales to be $50 million-$51 million, a slight drop from its guidance, due to delayed orders in its convergent-systems division. The company said it still expects to meet its second-half-2004 revenue guidance of $125 million-$130 million.