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Technology Stocks : CGRM Centigram

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To: David R who wrote (102)5/8/1997 7:12:00 PM
From: JOHN JIANG   of 333
 
SAN JOSE, Calif., May 8 (Reuter) - Centigram Communications Corp
expects to report a loss of between $0.80 and $0.90 a share in its second
quarter, on lower-than- expected revenues of about $25 million.

The company said the anticipated loss reflected certain one-time restructuring
charges and charges for the cancellation of the (Voice-TEl) acquisition.

It said the revenue shortfall reflected delays in orders from several North
American customers. It said its service provider business continued strong,
especially internationally.

Centigram, which makes communications platforms integrating voice, data
and facsimile, said the restructuring charges related mainly to severance pay
associated with the resignation of its president and chief excutive officer and
other employees.

REUTER Rtr 18:28 05-08-97 (
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