To all:
DJ newswires just released the following,
Tricord Sys 1Q Losses 38c A Share Vs 14c
Tricord Systems Inc. - Plymouth, Minn.
1st Quar March 31:
1997 1996
Revenues $4,873,000 $18,450,000
Net income a (5,149,000) (1,923,000)
Avg shrs 13,402,000 13,275,000
Shr earns
Net income a (.38) (.14)
Figures in parentheses are losses.
a. Includes a charge of $247,000, or two cents a share, for the disposal of assets.
Tricord Sytems Inc. (TRCD) develops and markets data access and managment
products.
The revenue dropped precipitously, as one would expect and the loss widened. Any comments? Anybody knows what their cash position is?
H.Yu |
