MF having issues?



Posted yesterday in the UK:

"Thu 23 Feb 2006

LONDON (SHARECAST) - Micro Focus tumbled today. Leading the TechMARK
fallers after the software house warned on full year results, prompting
the departure of chief executive Tony Hill.

Following a third quarter review Micro Focus said it now believes it is
unlikely that total revenues will exceed $140m for the year to 30 April
2006, mainly due to continuing sales execution issues.

The shortfall in revenue is expected to have a direct impact at the
EBITDA level, it added.

Following the poor performance Tony Hill is stepping down from both his
role as chief executive and from the board with immediate effect.
Chairman Kevin Loosemore is now acting boss. "

While I realize every company is having issues and this may not be a
huge thing it is none-the-less concerning to those of us who use their
products.

Any thought as to how this is going to play out?

.