Business Services Industry
Stock of Bellevue, Wash., Software Maker Decreases on Revenue News.
Knight Ridder/Tribune Business News, July, 2001
By Monica Soto, The Seattle Times Knight Ridder/Tribune Business News
Jul. 7--Bellevue-based Bsquare's stock was slashed in half yesterday after the company said it lost two significant customers and is renegotiating a smaller contract with Microsoft -- factors that will reduce revenue.
Bsquare, which makes software for Microsoft's Windows CE operating system used in handheld computers and set-top TV boxes, saw its shares slide $4.53, or 51.7 percent, to $4.24. The company's stock is 83 percent off its 52-week high of $25.25.
"Last week was a bad week," said Bill Baxter, the company's founder and chief executive officer. "We had the convergence of a number of completely independent events. Individually, they might not have been material to...
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