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April 18, 1997updated 05 Sep 2016 12:03pm

MICRONICS WARNS OF LOSSES

By CBR Staff Writer

Micronics Computers Inc, Fremont, California manufacturer of personal computer and server boards for the OEM market says it expects a net loss for the quarter to March 31 of between $2.7m and $3.2m on net sales of between $24m and $25m, down from revenue of $40.7m and a net loss of $916,000 for the comparable quarter in fiscal 1996. It blames lower sales to OEM and government markets, unanticipated returns by distributors, and delays related to supplier inability to provide component parts. The company is working with its financial advisor to identify attractive acquisition and strategic partner relationships, as the company has disclosed in earlier Micronics announcements over recent months.

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