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Technology Stocks : Applied Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Smilodon who wrote (88)	12/31/1997 10:13:00 PM
From: Trey Yon	Respond to of 134

Great Post Archer !!!! APMC warns Wednesday December 31, 8:30 am Eastern Time Company Press Release biz.yahoo.com SOURCE: Applied Microsystems Corporation Applied Microsystems Announces Fourth Quarter Revenues and Earnings Lower Than Expected REDMOND, Wash., Dec. 31 /PRNewswire/ -- Applied Microsystems Corporation (Nasdaq: APMC - news) announced today, based upon current information, that it expects revenues for its fourth quarter of 1997 to be between $9.2 million and $9.7 million, which compares to $10.5 million in the fourth quarter of 1996. The Company expects earnings results for its fourth quarter to be between break-even and $0.04 as compared to $0.14 in the prior year's quarter. The lower revenue estimates are directly related to business shortfalls in Japan and the Pacific Rim and unfavorable foreign currency exchange rates in Japan. ''The rapid softening in these markets late in the quarter allowed us little time to respond,'' said Robert Deinhammer, President and chief executive officer of Applied Microsystems. ''These regions represented 42% of our sales in the most recent September-ending third quarter. We believe the economic problems in these regions will continue to put pressure on our sales in the immediate future. Wherever possible, we are modifying tactics to react to these changes to attempt getting back on a growth path. Despite this geographical set back, we view our businesses in these regions to be key assets of the company, that the business fundamentals and opportunities remain solid, and that these regions will again produce growth for the company.'' Applied Microsystems is a leader and innovator in embedded systems solutions. Applied's products help engineers and computer scientists develop, simulate, debug and test embedded products faster, more reliably and at a lower cost. For more information visit the Company's home page on the World Wide Web: amc.com. Except for the historical information contained therein, this news release discusses certain forward-looking matters that involve risks and uncertainties, including upcoming financial results, changes in international operations, specifically exchange rate risks, changes in market conditions for the Company's products and the other risks detailed from time-to-time in the Company's Securities and Exchange Commission reports. SOURCE: Applied Microsystems Corporation ------------------------------------------------------------------------ More Quotes and News:Applied Microsystems Corp (Nasdaq:APMC - news)Related News Categories: computers, software