TeraForce Reports First Quarter Results.

Business Wire (May 14, 2001)


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Headnotes:

Extract:

TeraForce Reports First Quarter Results.

Business/High-Tech Editors

RICHARDSON, Texas--(BUSINESS WIRE)--May 14, 2001

TeraForce Technology Corporation (Nasdaq:TERA) today announced financial results for the first quarter ended March 31, 2001.

Financial Results

The Company's operating loss for the first quarter of 2001 amounted to approximately $2,500,000, excluding losses related to its Intelect Network Technologies subsidiary and the OmniLynx product line.

The total operating loss amounted to $4,864,000 in the first quarter of 2001 versus $3,989,000 in the first quarter of 2000. The net lo...



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