ChatCom, Inc. releases preliminary 4th quarter information.CHATSWORTH, CA--(BUSINESS WIRE)--April 4, 1997--ChatCom, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CHAT) announced today that it expects to report revenues for the fourth quarter, ended March 31, 1997, of approximately $1.5 million as well as a net loss for the quarter. These figures are preliminary and subject to the Company's completion of a year-end audit in June. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. James B. Mariner, President and Chief Executive Officer of ChatCom, Inc., "Revenues for the quarter were significantly affected by a constraint on the number of Pentium Pro The sixth generation of the Intel x86 family of CPU chips. The term may refer to the chip or to a PC that uses it. Introduced in 1995 as the successor to the Pentium, models from 150 MHz to 200 MHz were released. (R) chips allocated by Intel (which problem is now corrected) and a large volume of orders received late in the quarter, which could not be manufactured in time to ship during the quarter. As a result, the Company now has a record backlog entering the first quarter of its new fiscal year. "Additionally," said Mr. Mariner, "the increased backlog is an indication of the investment we have made in our technology, sales force and product quality. Recognition by the server industry of our achievements is evidenced by our receipt of the prestigious "Best of Times" award from LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. Times Magazine in the Consolidated Server A multiprocessor computer system consisting of several rack-mounted or modularized CPU boards that use fault tolerant components and share disk storage. SMP versions share a common memory pool. products category." Founded in 1982, ChatCom, Inc. is a leading supplier of award-winning managed consolidated application and communication server systems to Fortune 1000 companies worldwide. Located in Chatsworth, CA, ChatCom, Inc. is publicly held and traded on NASDAQ under the symbol CHAT. ChatCom can be reached at 800-456-1333 or on the web at http://www.jlchatcom.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The matters discussed in this Press Release are forward-looking statements which involve risks and uncertainties, including but not limited to cancellation of orders, price pressure and economic, competitive, governmental, and technological factors affecting the revenues, operations, markets, products, prices, and other factors discussed in the Company's various filings with the Securities and Exchange Commission. CONTACT: ChatCom, Inc. James Mariner (818) 709-1778 or Strategic Growth International, Inc. Richard Cooper/Stan Altschuler (516) 829-7111 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion