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Technology Stocks : ESST-the new beginning.

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To: Ron Mayer who wrote (2087)	10/13/1998 10:30:00 AM
From: Ian@SI	Read Replies (1) of 3493

Tuesday October 13, 10:11 am Eastern Time Ess sees Q3 net/eps loss on less revenues FREMONT, Calif., Oct 13 (Reuters) - ESS Technology Inc said Tuesday it expects to report a net loss of $7.5 million to $8.5 million on revenues of about $50 million in the third quarter ended Sept 30. It said the net loss was greater than anticipated due to non-cash adjustments for declining inventory and a one-time charge for impaired technology and intangibles relating to previous acquisitions. Including the adjustments, Ess expects a loss of $0.18 to $0.20 per share. In last year's third quarter, ESS reported earnings per share profit of $0.04 on revenues of $52.2 million.

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