Things are not going well at the enlarged Daisy Systems Corp following its acquisition of Cadnetix: the Mountain View company says that it will report an operating loss for its fiscal fourth quarter to September 30 because sales for the period fell well below the $44.9m of the third quarter and that in the absence of additional funding, this has caused a significant liquidity problem; it says it is moving to cut expenses, and negotiating with its lender of bridging finance to secure additional funds, and the news sent the share price into a tailspin that saw it lose more than half its value, slumping $1.25 to $1.125 in heavy trading.
