Packeteer expects to report disappointing net revenues for the first quarter 2007. Current estimates indicate revenues of between $31 million and $33 million, which would reflect a sequential decrease of approximately 25% from the fourth quarter 2006. The Company had previously provided guidance for the first quarter of flat to slightly higher revenues compared with those reported in the fourth quarter 2006.
Packeteer also announced that Arturo Cazares has resigned as Vice- President, Worldwide Sales after slightly more than three years at the company. http://www.packeteer.com
