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  • jchicago0 jchicago0 Jun 19, 2008 3:52 PM Flag

    Short BPHX

     

    03:16pm
    Bluephoenix Solutions, Ltd. Hatled: Provides update, Guides Q2 $0.14-0.18 v $0.23e due to Shekel impact
    - CEO: "Demand for our solutions remains strong globally, While current economic conditions, particularly in the United States, have caused customers to take more time with their decisions, our opportunities are continuing to expand around the world. We are making progress on several large deals, some of which require additional time to close due to their scope and scale. The business proposition for our solutions has not changed and remains undisputed. We offer a tangible return on investment that makes increasing financial sense for our customers in troubling economic times. This continues to drive long-term demand even in the event of longer sales cycles and occasional delays."
    - CEO: Adjustments reflect higher expenses related to headcount in anticipation of accelerated progress in deal closing during the later part of this year. We expect similar results in Q3, and are optimistic that we will see substantial business growth during Q4
    - We are not providing an update on full-year guidance due to the possible upside impact of several major deals in various stages of discussion.,The U.S. Dollar, however, continues to deteriorate against the Israeli Shekel and other currencies and this will likely impact our adjusted non-GAAP earnings for the year, based on current exchange rates expects $0.06-0.07 impact on earnings over next three quarters

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