Resonate warns of Q4 shortfall

Internet software developer Resonate warned after the bell Wednesday that its fourth-quarter sales would fall short of analysts’ estimates.

Resonate shares closed up $1.69, or 18 percent, to $11.25 ahead of the warning.

Company officials said slowing information technology spending and delayed orders by both existing and prospective customers will result in fourth-quarter sales of between $5.1 million to $5.4 million. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor