Chipcom Announces Preliminary First Quarter 1995 Results.SOUTHBOROUGH, Mass.--(BUSINESS WIRE)--April 5, 1995--Chipcom Corporation (Nasdaq/CHPM) elected to announce today, due to recent heavy trading volumes Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. in its stock, preliminary financial results for the first quarter of its 1995 fiscal year, ended April 1. The company announced that, on the basis of information available to date, revenue for the quarter is expected to be approximately $86 million, and earnings per share are expected to range between $0.44-$0.46. Chipcom will announce it final results for the first quarter on April 19, as previously scheduled. Founded in 1983, Chipcom Corporation designs, manufactures, markets and services fault-tolerant intelligent switching systems Switching systems (communications) The assemblies of switching and control devices provided so that any station in a communications system may be connected as desired with any other station. , including hub, internetworking and network management products, for remote site, campus and enterprise network computing Storing and/or running applications in servers in a network. See cloud computing and network computer. environments. The fast-growing Southborough, Mass.-based company reported record revenue of $268 million for its 1994 fiscal year, ended December 31, a 67 percent increase over 1993. 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. the market research firm Dataquest, Inc., Chipcom is the world's third largest supplier of intelligent hubs A network device that performs a variety of processing functions, including network management, bridging, routing and switching. Contrast with passive hub and active hub. See hub. . Together with its resellers, Chipcom has a presence in more than 40 countries, and the company employs over 850 people worldwide. -0- Note to Editors: Chipcom and the Chipcom logo are registered trademarks of Chipcom Corporation. CONTACT: Chipcom Corporation John H. Ricciardone, 508/624-6840 E-mail: jricciar@chipcom.com or Carol A. Grabowski, 508/490-5693 E-mail: cgrabows@chipcom.com or Beaupre & Co. Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Glen M. Zimmerman, 603/436-6690 E-mail: gzimmer@beaupre.mv.com |
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