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February 17, 1999


By CBR Staff Writer

Austria Mikro Systems International AG (AMS), the manufacturer of application specific integrated circuits (ASICs) from the Austrian town of Unterpremstatten, expects to report a net loss of Sch76.7m ($6.27m) for the year ending December 31, 1998, on revenues that were down 2.2% at Sch1.61bn ($132m). The company attributed the loss, which came after a net profit of Sch34.5m ($2.8m) in 1997, to a reduction in sales, poor capacity utilization at its main production plant, increased expenses for external services and increase costs for net projects and product development. AMS, which produces ASICs for the communications, automotive and industrial markets, also noted a change in its sales mix last year. Communications represented 28% of the total compared to 31% the previous year, while both the automotive and industrial sectors increased their percentages.

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