"The competition, and there is plenty of it, is ready to roll with SVCD. ESST, now ZRAN, and others plan to take the market by storm"
Here's one of those SVCD competitors:
biz.yahoo.com
ESS Technology Announces Preliminary Third Quarter Results
FREMONT, Calif., Oct. 13 /PRNewswire/ -- ESS Technology, Inc. (Nasdaq: ESST - news) today announced that based on preliminary analysis of its results from operations for the third quarter ended September 30, 1998, it expects to report revenue of approximately $50 million and a net loss in the range of $7.5 million to $8.5 million. The net loss was greater than anticipated primarily due to non-cash adjustments for declining inventory value and a one-time charge for impaired technology and intangibles relating to previous acquisitions. Reflecting these adjustments the company anticipates a per share loss to be in the range of ($.18) to ($.20).
In the third quarter ended September 30, 1997, ESS reported earnings per share of $.04 on $52.2 million of revenue.
These statements regarding estimated results are preliminary and based on partial information and management assumptions. The company expects to announce its actual results for the third quarter ended September 30, 1998, on October 20, 1998.
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