Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: $Mogul who wrote (18079)	10/8/1999 10:45:00 AM
From: 2MAR$	of 108040

(SCKTW)(SOK) Socket Communications, Inc. Expects Q3 Reven B: (SCKTW)(SOK) Socket Communications, Inc. Expects Q3 Revenue of $1.5 Million NEWARK, Calif., Oct 8, 1999 (BUSINESS WIRE) -- Socket Communications, Inc. (OTCBB:SCKT)(OTCBB:SCKTW)(PCX:SOK) today reported that it expected its revenue for the quarter ended September 30, 1999 to be approximately $1.5 million. The quarter's revenue did not include revenue from volume shipments of the Company's new In-Hand Scan Card due to delays caused by the effects of last month's Taiwanese earthquake on delivery of some of the components of the Card. The Card should begin shipping this month and no future delays resulting from the earthquake are anticipated. Estimated revenue for the quarter is expected to be the Company's second highest quarterly revenue in its history and up approximately 10% from the same quarter one year ago. The Company also reported that its net loss for the quarter is expected to be in the range of $0.03 to $0.04 per share compared to a quarterly net loss of $0.03 per share one year ago. The Company said its full third quarter financial results will be released on October 27, 1999.

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