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nCipher suffers 10.35 per cent share price fall |
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Written by Business Weekly
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Tuesday, 19 December 2006 |
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Internet security specialist, nCipher, suffered a 10.35 per cent drop in its share price after a board review of its part-owned US business, Abridean, revealed that its slow development would lower nCipher’s anticipated revenues for 2006.
A statement issued by the Cambridge-based business said that as the pattern was likely to continue in 2007 and that breakeven by Abridean – in which nCipher holds a 61 per cent stake – would take significantly longer than previously expected. nCipher’s board maintained it was still confident that the firm would continue to grow in 2007 and beyond. The share price dropped 29.5p to 255.5p. |
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