AM Communications Inc. makes announcement.QUAKERTOWN, Pa.--(BUSINESS WIRE)--March 19, 1997--AM Communications Inc. ("AM") announced Wednesday that revenues for the quarter ended March 29, 1997 would be lower than expected which would result in a significant operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. for the quarter. Commenting on the release, Keith D. Schneck, president of AM stated, "This is very disappointing especially as our backlog is currently $4.5 million and in addition, we recently concluded several new business opportunities. "Revenues for the current 4th quarter will be affected by several items including customer required product changes, development schedules, component lead times, and a lower than expected activity in selected accounts. We believe these issues will be resolved in the near term which will enable the company to re-establish its revenue momentum." AM Communications Inc. (symbol:AMCM AMCM Airborne Mine Countermeasures AMCM Autoridade Monetaria de Macau (Monetary and Foreign Exchange Authority of Macau, China) AMCM Advanced Missions Cost Model AMCM Air Mission Coordination Meeting AMCM Advanced Mine Countermeasures ), founded in 1974, is a market leader in the design, development and integration of network monitoring The term network monitoring describes the use of a system that constantly monitors a computer network for slow or failing systems and that notifies the network administrator in case of outages via email, pager or other alarms. systems for the broadband telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. industry. AM provides system solutions through its OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and partnerships with the industry leaders (i.e. - ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. , General Instrument, Philips and Scientific Atlanta) and directly to end-user customers. Additional information on AM's business activities and products can be found on its Web Site (http://www.amcomm.com). -0- This news release discusses primarily historical information. Statements included in this release, to the extent they are forward looking, involve a number of risks and uncertainties such as competitive factors, technological developments and market demand. Further information on potential factors that could affect the company's financial results can be found in the company's Form 10-QSB for its third quarter ended Dec. 28, 1996. CONTACT: AM Communications Inc. Keith D. Schneck, president, 215/538-8704, 215/538-8779 (fax) |
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