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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: GuitarMan who wrote (12070)	7/28/1998 9:51:00 AM
From: phbolton	Read Replies (2) \| Respond to of 18691

Mark: it was me, all of my predictions were true :) trading halted during conference call Results for Second Quarter 1998 LONG ISLAND CITY, N.Y., July 28 /PRNewswire/ -- Andrea Electronics Corporation (Amex: AND) today announced revenues for the three months ended June 30, 1998 of $4.4 million, compared to revenues of $6.1 million in the same period last year. For the three months ended June 30, 1998, the Company reported a net loss of $1.9 million, or $0.18 per share, compared to net income of $678 thousand or $0.08 per share on a fully diluted basis in the same period last year. For the six months ended June 30, 1998, the Company reported revenues of $8.8 million, compared to revenues of $11.5 million in the first six months of 1997. For the six months ended June 30, 1998, the Company reported a net loss of $1.5 million, or $0.15 per share, compared to net income of $1.3 million or $0.16 per share on a fully diluted basis. The primary factors that contributed to the $1.8 million loss for the second quarter of 1998 include lower than expected sales of the Company's Active Noise Canceling (ANC) and Noise Canceling (NC) microphone technologies, increases in research and development activities, increases in promotional/advertising activities and increases in non-cash charges and operating expenses related to the acquisition of Lamar Signal Processing, Ltd. ("Lamar"). dljdirect.com