However, revenues for the second quarter should reach $135 million to $139 million, up considerably from $107 million for the same three months last year.
"The overall market slowdown has forced us to sharpen our focus on near-term programs and initiatives to improve operating results and strengthen our foundation for the future," said Richard M. Seigel, chairman and acting CEO and president of IDG.
"We are confident that these initiatives will provide the platform for IDG's profitable growth through aggressive internal marketing programs and opportunistic strategic acquisitions," Siegel said.