Shares in internet portal firm Infoseek nosedived as it reported worse than expected results for its second fiscal quarter.
For the period ended 3 April, its loss deepened to $56.8 million from last year's $1.8 million. The company had expected to beat Wall Street's estimate of a $0.41 loss per share to post losses of $24.1 million or $0.39 cents a share.
Motorola's results showed it is returning to profitability in its chip business. Turnover stood at $7.2 billion and net profit at $171 million for its first quarter ended 31 March.
Bayer will float its subsidiary Agfa-Gevaert on the Brussels and Frankfurt stock exchanges on 1 June. The initial share price will be determined by a bookbuilding procedure scheduled for 17 to 28 May.
Inprise issued a profit warning and announced it could split into two separate companies. For its first quarter, it expects to turn in a loss of between $0.54 and $0.56 per share, including one-time charges of between $0.33 and $0.35, related to restructuring and severance costs, and compensation expenses on behalf of its Interbase subsidiary.
Gentia has issued a profit warning, claiming it will not hit analysts' expectations for its first fiscal quarter because of delays due to the year 2000 problem. The online analytical processing software supplier expects to generate revenue of about $6 million, compared with sales of $5.9 million in the same quarter last year.
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