BroadVision Trims Losses Despite Sales SlumpBroadVision Trims Losses Despite Sales Slump

Portal software vendor BroadVision Inc. saw its revenue plummet in the fourth quarter but still managed to trim its losses.

For the quarter ending Dec. 31, BroadVision posted a loss of $10 million, or 31 cents per share, compared with a loss of $55.3 million, or $1.75 per share, in the fourth quarter of 2001.

Revenue for the quarter fell to $28.8 million, down 41.2% from $48.9 million in the same quarter last year. Software license revenue was $11.2 million, down from $21 million year over year, while services brought in $17.5 million, down from $27.9 million a year ago.