BSQUARE Updates Outlook for the First Quarter of 2002.Business Editors BELLEVUE Bellevue (bĕl`vy  ).1 City (1990 pop. 30,982), Sarpy co., E Nebr., a suburb of Omaha, on the Missouri River; inc. 1855. , Wash.--(BUSINESS WIRE)--April 9, 2002 BSQUARE Corporation (Nasdaq:BSQR) today announced that the company expects to achieve its target range of a $(0.10) to $(0.15) per share loss on revised revenue of $8.5 to $9.0 million for the first quarter of 2002, ended March 31. The company had previously anticipated its first quarter 2002 revenue to be $9-10 million as disclosed in its fourth quarter financial release and conference call. Actual results for the quarter will be reported in the company's regular quarterly earnings release on April 25, 2002. At that time the company will also update the outlook for 2002. BSQUARE's chairman, president and chief executive officer Bill Baxter
William Robert Baxter (born November 3, 1946) is a former Australian politician and the current Victorian State President of The Nationals. said the company's revenue shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. was disappointing but is due in large part to the economic weakness that caused many customers to continue to defer de·fer 1 v. de·ferred, de·fer·ring, de·fers v.tr. 1. To put off; postpone. 2. To postpone the induction of (one eligible for the military draft). v.intr. spending on new projects during the quarter. "At the same time, I'm pleased that we were able to meet our spending targets and continue to tighten our operational controls. In addition, I'm encouraged by our ongoing progress in realigning BSQUARE's marketing and sales strategy to meet the challenges of the current business cycle and take advantage of opportunities in emerging markets," Baxter said. Conference Call The company will host a conference call with management to discuss this announcement today, April 9, 2002, at 2:30 PM Pacific Time. To join the call please dial 706/634-1118 -- confirmation #: 3810459. A telephonic replay will be available later in the day, to access the replay, please dial 706/645-9291 -- confirmation #:3810459. The telephonic replay will available for two days following the call. First Quarter 2002 Earnings Conference Call The company will discuss its strategy and outlook as well as ongoing cost-management measures on the first quarter results conference call following its release of complete first quarter results after the market close on April 25, 2002. Management will host the conference call Thursday, April 25, 2002, at 2:00 PM Pacific Time. To access the call, please dial 706/634-1118 reference BSQUARE or confirmation #: 3637288. The call may also be accessed at www.BSQUARE.com in the investor relations Investor relations The process by which the corporation communicates with its investors. section. A web cast replay will be available later in the day. A telephonic replay of the call will be available later in the day, to access the replay, please dial 706/645-9291 -- reference confirmation code 3637288. The telephonic replay will be available for three days following the call. About BSQUARE BSQUARE Corporation (Nasdaq:BSQR) is a global leader in providing solutions for smart devices in consumer, enterprise, industrial, and automotive markets. As a leading partner for Microsoft, BSQUARE empowers the creation, connection, and management of Windows Embedded-powered smart devices through software, hardware, and service solutions. BSQUARE has an extensive product portfolio of software development and quality assurance tools, device and device management software, and complete end-to-end end-to-end a pattern of anastomosis in which severed ends are matched and united, in contrast with other patterns such as end-to-side or side-to-side. Usually applied to anastomosis of the intestine. managed device solutions. BSQUARE provides critical engineering services including device development, quality assurance, and system integration as well as services for managing client devices deployed into the market. For more information, visit BSQUARE at www.BSQUARE.com or call 888/820-4500. This release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc our sales that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "believe," "expect," "intend," "anticipate," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect BSQUARE's actual results include adverse changes in BSQUARE's relationship with Microsoft, a decline in the market for Windows CE-based intelligent computing computing - computer devices or the failure of such market to develop as anticipated, delays or announcements of delays by Microsoft of Windows CE (Windows Consumer Electronics) Microsoft's version of Windows for handheld devices and embedded systems that use x86, ARM, MIPS and SHx CPUs. Windows CE .NET superseded Windows CE 3.0. product releases, risks associated with fixed-fee contracts, competition and intellectual property risks. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in BSQUARE's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , in the section entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: "Risk Factors." Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. BSQUARE undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or after the date of this release or to reflect the occurrence of unanticipated events. |
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