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To: Essam Hamza who wrote (1845)9/29/1998 12:07:00 PM
From: TLWatson59  Read Replies (1) | Respond to of 2534
 
FWIW:Related QuotesELON
2 1/32
-3 7/32
delayed 20 mins - disclaimerMonday September 28, 4:40 pm Eastern Time

Company Press Release

Echelon Corporation Announces Third Quarter Revenue Shortfall

PALO ALTO, Calif.--(BUSINESS WIRE)--Sept. 28, 1998--Echelon Corporation, (NASDAQ:ELON - news) today announced that it expects revenues for the third quarter ending September 30, 1998 to be below analysts' estimates.

The Company estimates that total revenues for the third quarter will be approximately 20% below analysts' estimates of $9 million. As a result of this shortfall, the Company expects that the net loss per share for the quarter will be greater than expected.