View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
May 2, 1997updated 05 Sep 2016 12:39pm

BOCA RESEARCH Q1 WORSE THAN EXPECTED

By CBR Staff Writer

Boca Research Inc, Boca Raton, Florida-based data communications and videoconferencing specialists, reported a first-quarter net loss of $3.3m on revenue down 58% at $18.8m, compared to net income of $2.6m, or $0.29 per share, a year ago. The loss, equivalent to $0.38 per share, was even worse than Wall Street expectations of a loss of $0.27. The company blames a host of factors for the poor results, including the transition of its modem business to 56kbps technology, the selloff of older generation products at discounted prices and aggressive competition in the retail market.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU