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Technology Stocks : Aware, Inc. - Hot or cold IPO? -- Ignore unavailable to you. Want to Upgrade?

To: Johnathan C. Doe who wrote (3942)	7/21/1998 4:37:00 PM
From: Captain James T. Kirk	Read Replies (2) \| Respond to of 9236

Tuesday July 21, 4:13 pm Eastern Time Company Press Release Aware, Inc. Reports Financial Results for Second Quarter of 1998 BEDFORD, Mass.--(BUSINESS WIRE)--July 21, 1998--Aware, Inc. (NASDAQ:AWRE - news), a worldwide leader in xDSL (digital subscriber line) technology for high-speed Internet access over the existing telephone network, today reported financial results for its second quarter ended June 30, 1998. Second quarter 1998 revenue increased 30 percent to $2.4 million, compared to $1.9 million for the quarter ended June 30, 1997. The net loss for the quarter was $1.3 million, or minus 6 cents per diluted share, which compares to a net loss of $275,000, or minus 1 cent per diluted share for the same quarter last year. For the six months ended June 30, 1998, revenue increased 21 percent to $4.4 million, compared to $3.7 million in the same period last year. The net loss for the first six months of 1998 was $2.7 million, or minus 14 cents per share, which compares to a net loss of $552,000, or minus 3 cents per share, for the first six months of 1997. Michael Tzannes, president and chief executive officer of Aware stated: ''During our second quarter, we continued to build on our leadership position and the momentum we created with our splitterless DMT technology. We continued to invest in our business to ensure that we are well positioned as a core technology provider of ADSL.'' About Aware Headquartered in Bedford, Mass., U.S.A., Aware, Inc. is a worldwide leader in xDSL technology with products that enable high-speed Internet access over the existing telephone network. Aware's products include xDSL technology, software, development platforms, modules and modems for high-speed, interactive broadband network applications. More information about Aware can be found on the Internet at aware.com. Note to Investors: This press release contains certain statements of a forward-looking nature relating to future events or the future financial performance of Aware. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include the risks described in various SEC filings that Aware, Inc. has made on its Forms S-1, 10-K, and 10-Q, which factors are incorporated herein by reference. -0-