View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 18, 1997updated 05 Sep 2016 12:10pm

EXECUTONE BLAMES Q2 LOSS ON ITS LARGEST DISTRIBUTOR

By CBR Staff Writer

Executone Information Systems Inc, the video entertainment, Internet gaming and computer telephony company pre-announced a second quarter loss this week, blaming declining demand on a large distributor it declined to identify. The Milford, Connecticut-based company released a statement saying says that a major change in the distributor’s purchasing patterns have resulted in losses, expected to be around $0.05 per share for the second quarter. The distributor accounted for about 45% of Executone’s computer telephony systems and about 20% of overall business. Executone’s downgraded revenue and income mean that overheads and expenses will be under review.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

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