Alliant Computer Systems Corp says that its second quarter revenue – at $13.2m, approximately $2m less than projected, will mean that profit for the period will come out at about 40% less than the $2.5m that it achieved in the first quarter: Alliant blames orders in the pipeline that did not arrive in time for delivery during the quarter; the news sliced a hefty $7.25 off the Alliant share price to $22.00.
