Legent Corp, Vienna, Virginia warns that because several large orders did not close as anticipated during the final days of last month, early indications are that new sales for the quarter ended March 31 will be approximately $3m lower than expected, which equates to approximately 10 cents in earnings per share; it had looked for 45 to 50 cents, up from the 35 cents a share of a year ago; despite the deferral of new orders, Legent noted that its collection of accounts receivable over the last three months continued at a rapid pace with collections expected to be a new record of more than $50m, and cash and investments at March 31 will exceed $130m, up from $89m as of December 31, 1990.
