InterFigital reports net loss; revenues increase
KING OF PRUSSIA, Pa.-InterDigital Communications Corp. reported a third-quarter net loss of $6.1 million, or 13 cents per share, compared with a net loss of $8.1 million, or 17 cents per share, for the third quarter last year.
“InterDigital lost money in the third quarter, as expected, but the loss was attributable to our continued investment in [broadband Code Division Multiple Access] product development-our future,” said William Doyle, president of the company.
Net income for the first nine months totaled $19.2 million, or 39 cents per share, compared with a net loss of about $22.6 million, or 47 cents per share, for the first three quarters of 1997.
Revenues for the quarter totaled $4.8 million compared with revenues of $3.2 million during the third quarter of 1997. Revenues for the first three quarters equalled $61.4 million, up 30 percent from revenues of $47.3 million during the first nine months of last year.
The company highlighted success with its Time Division Multiple Access patent licensing program this year and steady progress in the product rollout of its B-CDMA wireless local loop product.
PageMart reduces net loss
DALLAS-PageMart Wireless Inc. reported a third-quarter net loss of $9 million, or 22 cents per share, compared with $10.6 million, or 27 cents per share, during the third quarter last year.
Net revenues for the quarter totaled $78.8 million, 8.2 percent more than the $72.8 reported last year. Net subscriber adds were 20,414, including 287 subscribers added to its advanced messaging network, which is in the process of being rolled out.
John Beletic, PageMart chairman and chief executive officer, said that Motorola Inc. had “experienced significant manufacturing problems in the production of the Synapse Pager Card for the Palm Pilot and delays in the introduction of a new pager product line.”
Qualcomm increases revenues and income
SAN DIEGO-Qualcomm Inc. announced revenues of $926 million for the fourth quarter of fiscal 1998 and revenues of $3.3 billion for the fiscal year ended Sept. 27.
These figures represent a 54-percent increase from fourth-quarter 1997 revenues of $601 million and a 60-percent increase over fiscal 1997 revenues of $2.1 billion.
The company reported net income for the fourth quarter was $40 million, or 54 cents per share, compared with $30 million, or 42 cents per share, for the same period last year, an increase in earnings per share of 29 percent, said the company. Earnings per share for fiscal 1998 were $1.47 (diluted) per share compared with $1.28 (diluted) per share for fiscal 1997, a 15-percent increase.
Spectrian reports net loss; revenues down
SUNNYVALE, Calif.-Spectrian Corp. announced financial results for its second fiscal quarter ended Sept. 27, with revenues of $26.9 million, a decrease from $48.2 million for the same period a year ago.
The company reported a net loss of $3.2 million, or 30 cents per share, compared to a net profit of $6.3 million the previous year.
The second quarter net loss compares with a net loss of 48 cents per share for the first quarter of fiscal 1999, an improvement of 37 percent on revenues that were 12.6 percent lower.
Spectrian supplies ultralinear, high-power RF power amplifiers to wireless communications infrastructure manufacturers and service providers.
RF Micro Devices net income soars
GREENSBORO, N.C.-RF Micro Devices Inc. announced net income for the second quarter of fiscal year 1999, ended Sept. 30, of $2.36 million, or 14 cents per share, a 125-percent increase from $816,000, or 5 cents per share, from the corresponding quarter last fiscal year.
Revenue for the quarter was $31.4 million, compared with $9.2 million last year.
RF Micro Devices makes radio-frequency integrated circuits for wireless applications.
AMS’ government-sector business boosts earnings
FAIRFAX, Va.-American Management Systems Inc. increased its net income 227 percent for the third quarter to $14.7 million, or 34 cents per share, compared with net income of $4.5 million, or 11 cents per share for the third quarter of 1997.
The company’s revenues during the quarter increased 25 percent to $282.2 million from $225.5 million during the third quarter of 1997.
AMS said revenues increased in all markets. Its state and local governments market led with a 74-percent increase from third quarter 1997. Revenues from the federal government market increased 21 percent, revenues from the financial services institutions market increased 14 percent and revenues from the telecommunications firms market increased 5 percent from the third quarter of last year.
AMS is an international business and information technology consulting firm that provides services such as business re-engineering, change management, systems integration and systems development and implementation.
PageNet net loss improves from 1997
DALLAS-In line with expectations released Sept. 21, Paging Network Inc. reported a third-quarter net loss of $16.4 million, or 16 cents per share, compared with last year’s third-quarter loss of $29.4 million, or 29 cents a share.
PageNet’s domestic subscriber base fell during the quarter by 137,654, to 10.2 million. The company attributes the drop to its strategy of profitable growth only, the company said.
Net revenues were $241.8 million, a 13.1-percent increase over the previous year third quarter. PageNet also said it generated free cash flow of $55 million.
SCC net income rises 56 percent
BOULDER, Colo.-SCC Communications Corp., a provider of 911 operations support systems to wireline and wireless carriers, reported net income of $831,000 for the third quarter ended Sept. 30, a 56-percent increase compared with net income of $533,000 for the same quarter last year.
Revenues for the quarter increased 18 percent to $8.5 million compared with revenues of $7.2 million for the third quarter of last year.
SCC said third-quarter results do not include settlement fees owed to SCC by Bell Atlantic Corp., which relate to Bell Atlantic’s decision to standardize the 911 hardware and software systems that Nynex Corp. had been using prior to its merger with Bell Atlantic.
Arch reports net loss, but reduces long-term debt
WESTBOROUGH, Mass.-Arch Communications Group Inc. showed a net loss of $48.5 million, or $2.30 per share, compared with a net loss of $47.6 million, or $2.29 per share, for the third quarter a year ago.
The company reported net revenues of $96.8 million, up slightly from the $93.5 million for the comparable period last year. Long-term debt fell by about $11 million to $993 million. Its debt load is now 6.9 times cash flow.
Arch reported adding 80,000 net new subscribers, bringing total units in service to 4.2 million.
