InFocus Corp. (INFS)


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InFocus Corp. on Tuesday warned of a sequentially wider pro-forma operating loss and lower revenue for the third quarter and said its board was evaluating strategic alternatives.

InFocus cited lower-than-expected sales of its entry-level room projectors, the IN72, for the wider pro-forma operating loss, which was at $8.9 million in the second quarter.
The company expects revenue to be $78 million to $82 million, compared with $97.6 million for the second quarter, it said in a statement. Two analysts on average are expecting $95.2 million, according to Reuters Estimates.

InFocus shares were down almost 10 percent in morning trade at $2.70 on the Nasdaq.
The company said its new meeting room projectors -- the 2000 lumen IN32 and 2500 lumen IN34 -- began shipping in limited quantities late in the third quarter. They are expected to be more broadly available in the fourth quarter.

Wilsonville, Oregon-based InFocus said it was committed to making further reductions to its cost structure. It has appointed Banc of America Securities to assist its board in evaluating the strategic alternatives.