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Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"
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To: Naggrachi who wrote (1650)12/19/1997 9:20:00 AM
From: Ben Antanaitis  Read Replies (1) of 1985
 
JTS ALERT!!!

ALL-

JTS has just filed with the SEC to report a delay in the release of
their quarterly report......... Is anyone surprised??????????

They state that they can't meet the reporting required date due to
have all their manufacturing in India... No sh*t, is anyone here
surprised that the manufacturing is in India, couldn't they find some
way by now to gather the information in a timely manner and fax, or
hand carry, or email the info to the accountants, or whomever needs
it?

Here is the location of the filing in FreeEdgar:

freeedgar.com

Here is the salient info that JTS had to state re any significant
changes from prior quarters:


(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject
report or portion thereof? [X] Yes [ ] No

If so, attach an explanation of the anticipated change, both
narratively and quantitatively, and, if appropriate, state the reasons
why a reasonable estimate of the results cannot be made:

The Registrant's revenue for the current quarter will be $24.0 million compared
--------------------------------------------------------------------------------
to $33.3 million for the corresponding quarter in the prior year. The net loss
--------------------------------------------------------------------------------
for the current quarter will be $60.6 million compared to $125.2 million for
--------------------------------------------------------------------------------
the corresponding quarter in the prior year.
--------------------------------------------------------------------------------

Ben A.
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