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Microcap & Penny Stocks : OPTI -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (431)	4/15/1999 7:26:00 AM
From: leigh aulper	Read Replies (1) \| Respond to of 482

OPTi Reports Results for Q1 1999 MILPITAS, Calif.--(BUSINESS WIRE)--April 14, 1999--OPTi Inc. (Nasdaq/NMS:OPTI) announced results today for its 1999 first quarter. Net sales for the quarter ended March 31, 1999 were $7,156,000 as compared with $9,845,000 for the comparable quarter of 1998. Net loss for the first quarter was ($784,000) or ($0.07) per share, as compared with a net loss of ($1,830,000), or ($0.14) per share, for the first quarter of 1998. Total operating expenses were $4,083,000 for the first quarter of 1999 as compared with $5,361,000 for the first quarter of 1998. Bernard Marren, President and CEO stated, "The Company continues its development of its LCD panel controller chip and has started to demonstrate the product to potential customers. During the quarter the Company also continued its efforts to strengthen its cash position. We also reduced our operating expenses in the quarter ended March 31, 1999 by approximately $800,000 from the fourth quarter of 1998, as we continue our attempt to remain cash flow neutral."