Maybe this explains why we are at $5/shr and headed lower.
<subsequent to June 30, 1998, the Company received an ADSL order from
an international customer priced below anticipated production costs. The Company anticipates recognizing an estimated loss of $750,000 in the quarter ended September 1998. >
<Revenues from DS0 products have declined in recent years as telcos
continue to move from analog to digital transmission services. The Company also expects that revenues from Network Interface Unit ("NIU") products in its DS1 product group may decline as telcos increase the use of alternative technologies such as HDSL. Failure to increase revenues from new products, whether due to lack of market acceptance, competition, pricing pressures, technological change
or otherwise, would have a material adverse effect on the Company's business and results of operations. >
As Muedt even told me himself that they had substantial orders going to BT, what good is it if they are losing $$$.
What is the expected losses for 9/30 suppose to be in $$$$? $750,000 or more?
The oldline business for WSTL is fading fast and the future business (ADSL) is going nowhere fast! UUUUGGGGHHHHH!!!!!
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