Dassault Systemes Plunges on Shortfall

The French company, the world leader in 3D software, didn't meet expectations, but blamed a weak dollar and a former partnership with IBM

Shares in pioneering French software company Dassault Systèmes (DASTY) tumbled as much as 14% in Paris trading on Feb. 13, to €32.50 ($47.45)—their biggest decline in five years—after the company reported higher revenues and profits for 2007, but fell short of analyst expectations. Investors were especially worried by a weak fourth quarter and decline in profit margins. Dassault Systèmes shares ended the day down 3.7%, at €36.40 ($53.14).

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