Digital Microwave Corporation Announces First Quarter Revenue Expectations.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--June 17, 1998--Digital Microwave Corporation (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 :DMIC DMIC Door Mounted Inflatable Curtain DMIC Discrete Memoryless Interference Channel ) today announced that, due to delays in network deployment and increased competition around the world, the Company anticipates revenues between $45 million and $50 million for its first quarter of Fiscal 1999, which is below the Company's expectations. The revenue shortfall is due, in part, to delays in placing orders by a large wireless infrastructure provider. Given this revenue forecast, the Company expects to report an 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. between $5 million and $6 million for the first quarter of Fiscal 1999. The Company expects to announce final first quarter Fiscal 1999 financial results on or about July 15. "New orders and revenues have slowed significantly, making forecasting revenue more difficult," commented Charles D. Kissner, Chairman and Chief Executive Officer of Digital Microwave Corporation. "While we initially experienced this slowness primarily in the Asia Pacific region due to general economic problems, we are now experiencing a softness in demand in other parts of the world as well. Digital Microwave will continue to operate conservatively, further reducing expenses to respond to this slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in demand, and will continue moving forward aggressively in our product development efforts." Headquartered in San Jose, Calif., Digital Microwave Corporation designs, manufactures, and markets advanced wireless solutions for worldwide telephone network interconnection in·ter·con·nect v. in·ter·con·nect·ed, in·ter·con·nect·ing, in·ter·con·nects v.intr. To be connected with each other: The two buildings interconnect. v.tr. and access. Transmitting and receiving multiple digital lines, Digital Microwave's high-performance systems carry voice, data, and digitized video signals across a full spectrum of frequencies and capacities. CONTACT: Digital Microwave Corp. Sheryl Lewis, 408/944-1740 |
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