So did the bad news...
Digital Video Outlook -2: Cites Issues At China Plants >DVID
05/14/98
Dow Jones News Service
(Copyright (c) 1998, Dow Jones & Company, Inc.)
LOS GATOS, Calif. (Dow Jones)--Digital Video Systems Inc. (DVID) said it expects fourth quarter results to be "significantly below" management expectations.
Additional information wasn't immediately available.
In a press release Thursday, the company said ongoing issues continue to hurt its Panyu, China facilities, in which it holds a 90% controlling interest.
The company said it expects its acquisition of Hyundai Electronics Industries Co.'s DVD -ROM technology assets to improve its overall manufacturing and research and development capabilities.
Digital Video Systems Inc. reported a loss of $4.3 million, or 36 cents a share, on revenues of $4.6 million for the fourth quarter ended March 31, 1997.
Digital Video provides digital video compression and decompression hardware and software.
(END) DOW JONES NEWS 05-14-98
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