ISSY-LES-MOULINEAUX, France-Wavecom SA released its first quarter 2003 results.
The company reported revenues of $98 million, down from fist quarter 2002 revenues of $121.2 million. The company experienced a net loss of $4.5 million, or 30 cents per share, down from last year’s earnings of $8.7 million, or 59 cents per share.
“We were extremely pleased to achieve this level of reduced operating expenses quickly and efficiently without compromising Wavecom’s future growth,” said Aram H
