New York storage company Box Hill Systems Corp warns slower than expected sales, especially into the financial industry, will result in lower than anticipated revenues of around $14m to $15m in its fourth quarter. Its share price dropped 7% to $5 on the news. The news is surprising given the storage market appears to be booming for enterprise storage vendors, though Box Hill play in the more traditional departmental space. Profits will also be below expectations. Analysts had expected the company to earn $0.15 a share, around $2.1m. It also has several class action suits outstanding.
