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Technology Stocks : ActivCard (ACTI)

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To: 2bstealthy who wrote (6)	10/4/2001 7:10:37 PM
From: Proud_Infidel	of 28

Activcard sees Q3 losses, weak dollar dents (UPDATE: Adds details) NEW YORK, Oct 4 (Reuters) - Smart card technology firm Activcard (NasdaqNM:ACTI - news) on Thursday said it expected wider third-quarter losses, citing declining interest rates and a weaker U.S. dollar, which contributed to lower interest income and a foreign exchange loss in the period. Fremont, California-based Activcard said it now sees losses per share in range of 10 cents to 12 cents for the quarter ended in September on revenues between $8.6 million and $9 million. Analysts polled by tracking firm Thomson Financial/First Call were looking, on average, for third-quarter losses of 5 cents per share on revenues of some $9.9 million. Variances of the non-operating items -- like declining rates and a weaker foreign exchange rate -- compared to the second quarter of 2001, accounted for about 6 cents of the anticipated loss per share, the company said. Activcard will release its third quarter results on Oct. 30.

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