[Ariel and TI]
Scope --
You're right about the development and licensing agreement between Ariel and TI. In reading Ariel's press releases, I see they're moving out of DSP boards. I know they're also dropping their ADSL modems. Can you tell me what products Ariel is licensing to TI? The press release doesn't say.
3Q press release:
<<<
CRANBURY, N.J., November 13, 1997 -- Ariel Corp. (NASDAQ: ADSP) today reported net sales of $3,044,843 for the three months ended September 30, 1997, a decrease of $715,524 from net sales of $3,760,367 for the three months ended September 30, 1996. Ariel reported a net loss of ($3,971,722) or ($0.43) per share for the three months ended September 30, 1997 compared to a net loss of ($1,765,142) or ($0.20) per share for the three months ended September 30, 1996.
Ariel's net sales for the nine months ended September 30, 1997 rose 13% to $10,104,405 from the $8,943,415 reported for the nine months ended September 30, 1996. For the nine months ended September 30, 1997, Ariel reported a net loss of ($10,125,992) or ($1.11) per share, compared with a net loss of ($5,501,660) or ($0.72) per share for the comparable period in 1996.
Anthony M. Agnello, Chairman and CEO of Ariel said, "1997 third quarter revenues decreased by $715,524, year to year, as Ariel transitioned from our DSP board business to the modem board business. Yet, third quarter revenues increased 20% over the second quarter of 1997." He also stated gross profit margin was 46% for the third quarter of 1997 compared to 50% for the third quarter of 1996, but that the third quarter gross margin represented an increase of 7% from the 39% gross margin achieved in the second quarter of 1997.
The improvement in gross margin is the result of lower modem chip set costs in product shipped during the third quarter of 1997.>>>
The TI agreement:
ariel.com |
