Ken, nice find on ADSP.......Hey lets all go and buy some of this money losin' company whose shares have gone up 250% today - yeah right LOL, if it gaps again it'll be a great pick fo the folio!
CRANBURY, N.J., Jul 26, 1999 /PRNewswire via COMTEX/ -- Ariel Corp. (Nasdaq:ADSP) today reported net sales of $2,760,021 for the three months ended June 30, 1999, a decrease of $1,351,169 from net sales of $4,111,190 for the three months ended June 30, 1998. Ariel reported a net loss of ($3,247,936) or ($0.33) for the three months ended June 30, 1999 compared to a net loss of ($3,378,261) or ($0.35) per share for the three months ended June 30, 1998.
Ariel's net sales for the six months ended June 30, 1999 decreased 44%to $5,824,661 from the $10,387,807 reported for the six months ended June30, 1998. For the six months ended June 30, 1999, Ariel reported a net lossof ($6,254,744) or ($0.64) per share, compared with a net loss of ($5,177,191) or ($0.54) per share for the comparable period in 1998. The revenue decrease in 1999 as compared with 1998 includes a reduction in sales to PC Integrators of approximately $3.3 million as PC Integrator demand for high-end communications options remains weak industry-wide -- as anticipated by Ariel's transition to focus on internet service providers (ISPs) and technical original equipment manufacturers. |
