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April 14, 1997updated 05 Sep 2016 12:11pm


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.

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