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Technology Stocks : Gemplus (GEMP) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (114)	5/24/2003 4:16:38 PM
From: Eric L	Respond to of 115

Gemplus Q1 2003 >> France's Gemplus Posts Narrower Quarterly Loss Reuters 04.30.03 Smart-card maker Gemplus <GEPL.PA> on Wednesday reported a smaller first-quarter net loss, partly on lower restructuring charges. Gemplus, which vies for leadership among smart-card makers with Schlumberger (nyse: SLB), posted a net loss of 37.9 million euros versus a loss of 62.5 million euros in the year-ago first quarter. Analysts had been expecting a net loss between 38 and 52 million euros. Gemplus, like other smart-card makers, has been hit by pricing pressure in the telecoms sector, sluggish demand from banks and a sliding dollar. It has also been restructuring and involved in management squabbles, which have undermined investor confidence. Shares in Gemplus, which fell 65 percent in 2002, have fallen a further six percent this year to just under one euro. << >> Stronger Results From Gemplus 30/04/2003 Mobile Commerce mobilecommerceworld.com Smart-card maker Gemplus has reproted a smaller first-quarter loss, lifting the group's stock by more than 6 percent. Gemplus posted a loss of 37.9 million euros ($41.62 million) after restructuring charges versus a loss of 62.5 million euros in the year-ago quarter. Gemplus has been hit by pricing pressure in the telecoms sector, sluggish demand from banks and a sliding dollar. It has also been restructuring and involved in management squabbles, which have undermined investor confidence. Gemplus executives declined to give a forecast for 2003 but Gemplus Chief Executive Alex Mandl told a news conference he remained cautiously optimistic about the future. Gemplus executives also said the company had cut about 1,350 jobs since February last year, bringing its headcount to around 5,500. << - Eric -