Cable Competition
bill, Hopefully the cable companies will be soluable enough to put up a fight.....or a MSFT can pump some plasma into their systems....sg
December 29, 1997--
TCI Announces Fourth Quarter Results
Cable player TCI International, Inc. announced its financial results for the fourth quarter ended September 30, 1997.
According to TCI, revenue for the fourth quarter was $8,139,000, compared to the prior year's fourth quarter revenue of $10,400,000. Revenue was $34,101,000 compared to $32,695,000 for the same prior year period.
TCI recorded a loss for the quarter of $(905,000) or $(.28) per share compared to the prior year's fourth-quarter net income of $77,000 or $.02 per share. The net loss for the fiscal year ending September 30, 1997 was $(5,582,000) or $(1.75) per share. The net income for the comparable the previous fiscal year was $1,056,000 or $.31 per share, TCI said.
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