STM Wireless, Inc. Announces Results for Second Quarter and First Six Months 1999; Revenue Increased 90% Over Previous Quarter.
Business Wire (August 05, 1999)
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STM Wireless, Inc. Announces Results for Second Quarter and First Six Months 1999; Revenue Increased 90% Over Previous Quarter.
IRVINE, Calif.--(BUSINESS WIRE)--Aug. 5, 1999--
STM Wireless, Inc. (STM), (NASDAQ NM Symbol:STMI), today announced results for the second quarter and six months ended June 30, 1999. As the Company no longer has a majority ownership in Direc-To-Phone International, Inc. (DTPI), the results for 1999 include DTPI through June 17, 1999; and the balance sheet at June 30, 1999 excludes the assets and liabilities of DTPI. Revenue for the second quarter of fiscal 1999 was $6.0 million, compared to $9.1 million for the corresponding period in 1998. Net income for the second quarter of 1999 was ap...Try vLex for FREE for 3 days
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