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Lionbridge: A New Challenge for 2005
by Donald A. DePalma, Renato S. Beninatto
October 11, 2004
October 11, 2004

 
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Summary
Hard on the heels of our September analysis of Lionbridge’s (LIOX) challenges and opportunities, the Waltham, MA-based language services provider forecast lower revenue for the year. On 8 October the stock dropped 32 percent, from $8.48 to $5.75. CEO Rory Cowan stated “that despite our successful diversification of our customer base and service offerings, the extent and velocity of the decline in the technology products market that occurred in the latter part of the third quarter was greater than we expected, particularly within two of our large customers.” Read our analysis of what happened.

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Pages: 2
 

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