C-COR.net Corp. is lowering its revenue guidance for the current fiscal
quarter from the mid-$50 million range to $49 million to $53 million, due to
lower-than-anticipated international sales, the company said, plus
"weather-induced" delays domestically.
C-COR.net reminded Wall Street that it continues to cut staff and consolidate
manufacturing plants in order to save $16 million to $20 million this year.
The company expects a quarterly loss of between 14 cents and 18 cents on a
GAAP (generally accepted accounting principles) basis.