Trend Micro bug proves costly

Friday, 15 July 2005, 2:16 AM EST

Tokyo-based antivirus software vendor Trend Micro said that a bug in its own software that affected thousands of customers has cost the company $8 million. The issue has also forced it to lower its revenue and profit forecasts for the April to June quarter, the company says.

A buggy software update the company issued in April will hurt Trend Micro's operating profit and net income worst, it said in a statement.

By Paul Kallender at PC World.

[ Read more ]




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