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May 14, 1997updated 04 Sep 2016 12:46am

TELCO EXPECTS Q3 LOSS ON FLAT REVENUE

By CBR Staff Writer

Telco Systems Inc, Norwood, Massachusetts networking specialists, say that revenue for the third-quarter ending this month will be remain flat from the previous quarter at $27.3m. Telco expects to post a loss in the range of $0.20 to $0.40 per share, mostly due to a decline in gross margins and increased development spending.

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