Roxio increases earnings forecast

By David Becker
Staff Writer, CNET News

Software maker Roxio increased financial guidance Monday for its fiscal fourth quarter ending March 31, based on its recently completed acquisition of MGI Software. Milpitas, Calif.-based Roxio now expects net revenue for the quarter to be $38 million and pro forma earnings to be 17 cents a share, compared with previous guidance of $35 million and 15 cents a share.

Roxio is best known for its Easy CD Creator and Toast CD-burning applications. MGI's core products are the PhotoSuite and VideoWave photo- and video-editing packages.

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