View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 14, 1997updated 05 Sep 2016 12:11pm

MENTOR PROFIT WARNING PROMPTS SHARE DROP

By CBR Staff Writer

Shares in Wilsonville, Oregon-based Mentor Graphics Corp, one of IBM Corp’s less happy investments, fell more than 15% in early trading on Friday after the company said it expects a net loss for the first quarter. The shares fell $0.875 close at $7.75. There will also be special charges as a result of a review of its accounting policies and balance sheet by new chief financial officer Gregory Hinckley, and first quarter sales will be about $105m, down from $109.1m one year ago.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU