FYI: Y2K Bug Bites J.D. Edwardsgreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
This appeared in yesterday's Denver Post (5-4-99), pg. 2C
Y2K BUG BITES J.D. EDWARDS:
J.D. EDWARDS & CO. said it will have a fiscal second-quarter operating loss instead of the profit analysts expected as companies delay purchases to fix the Year 2000 computer glitch. The Denver-based company said it will report an operating loss that could exceed $25 million for the period that ended riday. Analysts had expected per-share earnings of 5 cents. J.D. Edwards said it will report revenue of $215 million to $235 million, which represents an increase of about 3 percent to 12 percent over revenue of $209 million in the year-earlier period. The warning came after the close of U.S. trading.
-- kalani & katiuska (email@example.com), May 06, 1999