Security vendor Secure Computing on Tuesday issued an earnings alert prompting its stock to fall by nearly 40 per cent and whipping out $283m in market capitalization.
The company said that it will miss revenue expectations by more than 10 per cent.
Chief executive Jon McNulty fingered two culprits: a $1.3m and $2.55m sale that didn't happen in the quarter. In the first case the person who had to approve the deal left the customer. The second one was all to blame on that silly thing called the World Cup.
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