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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (18493)11/12/1998 5:07:00 PM
From: Kenneth R Miller  Read Replies (1) of 120523
 
AVCO
Business Summary
Avtel Communications, Inc. is a provider of broadband network services integrating voice, data and video solutions for individuals & corporate customers. For the 6 months ended 6/98, revenues fell 12% to $23.7M. Net loss totalled $3.8M vs. an income of $173K. Revenues suffered from a reduction in sales by affiliated distributors for Matrix. Earnings also suffered from a decrease in gross profit margin, and an increase in salaries and wages.
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