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To: still learning who wrote (1754)10/7/1998 4:51:00 PM
From: llwk7051@aol.com  Read Replies (1) | Respond to of 4467
 
OAO Technology <OAOT.O> sees Q3 loss

GREENBELT, Md., Oct 6 (Reuters) - Inc. said Tuesday it expects a third quarter loss of $0.12 per share after factoring in certain extraordinary items in the period.

The company said in a statement it expects a profit of $0.02 per share before the losses. Analysts expected the company to report a loss of $0.02 before extraordinary items, according to First Call.

About $0.09 of the loss is associated with an asset impairment loss related to an enterprise wide financial management project.

About $0.03 of the loss is for severance costs and $0.02 is for accounts receivable reserves.

OAO Technology provides clients with information technology solutions and professional services.

22:14 10-06-98

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