Merging companies, NetManage Inc and FTP Software Inc have both issued profits warnings on the same day. Cupertino, California-based NetManage says a significant softening in international orders leads it to expect second quarter revenues will be in the range of $135m to $14.5m – compared with $12.7m in the same period last year. For its part, North Andover, Massachusetts-based FTP predicts that second quarter revenues will be in the $7.7m to $8.4m range. In part, it blames customers deferring purchasing decisions after hearing of the NatManage take-over. As documents relating to the acquisition have been filed with the Securities and Exchange Commission, both companies said they could not make further comments. The market was hardly shocked by the news and NetManage stock eased by $0.6 to $3.18 while FTP was $1.03 lower at 1.81.
