Commenting on its most recent losses (page five) Advanced Logic Research Inc, Irvine, California said that more price competition reduced its turnover, and that its gross margin for the latest six months was just 14% compared with 22% in the year-ago period; the impact of the reduction was partially offset by cost-cutting programmes, and its cash position improved by $5.5m to $35.1m during the latest six months while the company simultaneously cut bank debt $7m.
