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Technology Stocks : Racom Systems (RCOM)
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To: Richard Wright who wrote (456)9/30/1999 4:32:00 PM
From: Gutterball   of 468
 
NewState Holdings (aka Racom) has entered a period whereby its primary function will be to collect future royalities if and when receivable persuant to the Company's existing RFID technology licenses to three multinational semiconductor companies. For the three months ended 3/31/99, revenues fell 98% to $23 thousand. Net loss totaled $459 thousand vs. income of $179 thousand. Results reflect the absence of $1 million licensing revenue, NSTH ceasing operations and fees paid to investment banking firms.

biz.yahoo.com
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