Real-time operating systems developer Wind River Systems Inc says that first-quarter revenue will be negatively impacted by a delay in shipments of the Tornado for Managed Switches product line. While the Alameda, California-based company insists that bookings for the quarter will be close to or exceed the consensus Wall Street estimate, the slippage of certain shipments, valued at $2m to $3m, from the first quarter to the second quarter will provide a drag on revenue. The company gave no word on how the shortfall would affect the bottom line, which was expected to show a profit of $0.14 per share, according to First Call.
The problem stems from the fact that the core technology of the products in question was from partner Xact Inc of Carollton, Texas and Wind River says that productizing the technology ended up requiring a far more extensive engineering effort by the two companies than originally anticipated. By way of correcting the problems, Wind River has now made an outright purchase of certain assets of Xact Inc and is currently in the process of transitioning the Xact employee team to Wind River. No financial details of the transaction were disclosed.
