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Second quarter dogged with anti-competitive accusations yields minus figures...
Published: 3 August 2001 14:40 BST
Finnish software company Stonesoft yesterday announced a second quarter operating loss of E1.5m (£920m) despite a growth in net sales of six per cent over the same period last year.
The operating loss for the period was mainly caused by weak demand due to the volatile market situation in the US and Europe. However, Stonesoft has recently accused Israeli company Check Point Software Technologies of anti-competitive behaviour. This has been cited as a further cause for the losses during this period.
Stonesoft foresees further losses in the third quarter but expects the business to become profitable by the fourth quarter.
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