Cirque announces annual results; Touchpad products provide seven consecutive quarters of profitability.SALT LAKE CITY--(BUSINESS WIRE)--Sept. 24, 1996--Cirque Corporation Tuesday announced audited results for the fiscal year ended June 30, 1996. Revenue increased to 254 percent of that reported for the comparative period one year earlier. The company also reported its seventh consecutive quarter of profitable operations with income before taxes of $1,085,000 for the year. "We are witnessing an accelerating acceptance of the touchpad A stationary pointing device that provides a small, flat surface that you slide your finger over using the same movements as you would a mouse. You can tap on the pad's surface as an alternate to pressing one of the touchpad keys. See mouse, trackball and pointing stick. as a replacement for the mouse and other pointing devices An input device used to move the pointer (cursor) on screen. The major pointing device is the mouse for the desktop computer and the touchpad for the laptop, although many road warriors bring along a mouse. . In particular, we are encouraged by a surge of interest in retail touchpad products for the desktop. This growing interest now complements the rate at which manufacturers of notebook computers A laptop computer that weighs in a range from five to seven pounds. The term originated when laptops were routinely more than 10 pounds, and those that became lighter were placed in a special "notebook" category. In practice, notebook computer and laptop computer are synonymous. have adopted the touchpad as the pointing device of choice," said Steve Chiaramonte, chief financial officer of Cirque Corporation Cirque Corporation is a Salt Lake City, Utah-based company which developed and commercialized the first successful capacitive touchpad, now widely used in notebook computers. . "Looking ahead, innovative features drawing on technologies we unveiled in June place Cirque in a particularly strong competitive position. Imminent new-product introductions embrace these features, encouraging our confident posture posture /pos·ture/ (pos´choor) the attitude of the body.pos´tural pos·ture n. 1. A position of the body or of body parts. 2. as we near a period of increasing retail demand during the Fall and Winter." Cirque, a privately held Utah corporation, invented and patented GlidePoint(R) technology and is a market leader in touchpad pointing devices for mobile and desktop computers. The company offers, both directly and through licensing agreements with other manufacturers, a broad product line of GlidePoint touchpads and touchpad products for retail and 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 customers. For more information, contact: Angela Keeney at 801/467-1100 or angela@glidepoint.com or see our recent new product press releases dated Aug. 19, 1996 at http://www.glidepoint.com. CONTACT: Cirque Corp., Salt Lake City Steve Chiaramonte, 801/467-1100, ext. 115 or Angela Keeney, 801/467-1100, ext. 147 |
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