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February 5, 1989


By CBR Staff Writer

Cullinet Software Inc, Westwood, Massachusetts, is still not out of the woods, and the company now says that it expected to report a loss for its fiscal third quarter which ended last Tuesday: trying to cheer its long-suffering shareholders, the company declares that it is in the process of completing a turnaround program that has changed the entire focus of the company; we are moving from a slow-growth mainframe-oriented business to a new class of powerful software products that run on many computing platforms – high-growth segments of the market, but that until our new products are complete, we may still experience revenue volatility.

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