Amino hit by order slip and parts shortage

Online video services provider Amino Technologies warns 2009 results will be "significantly" below expectations as order slippage and component shortages cause a "material" loss in the second half.In an update for the year ending 30 November, it said orders expected to close in the period have not and should now close in the full-year 2010. Amino also said fulfilling booked orders has proved "challenging" due to component shortages at its suppliers. It's unlikely to complete those orders and recognise the revenue this financial year.But the firm remains more confident about 2010, with a substantially reduced cost base and the transition from MPEG-2 to MPEG-4 now complete."We exit the year in better shape than at the half year as a leaner and more focused company that is better positioned to capitalise on the transition to IP-connected devices in the home," said non-executive chairman Keith Todd."We are confident as a board that we have in place a solid platform for growth in 2010 and beyond."