SR Telecom expects lower 1998 earnings

Article Abstract:

SR Telecom Inc., a Montreal, Quebec-based company that specializes in designing and manufacturing microwave and wireless telephone systems, has revised its revenue and earnings projection for 1998. The company, which previously projected to achieve earnings of 35 to 40 cents a share on revenues of around C$210 million, stated it now expects to report earnings of approximately 11 cents a share on revenues of around C$180 million. STR Telecom VP of corporate affairs, Mike Morris, attributed the lowered income projection to modifications in the financing deal for its C$42-million contract in Kenya and to delays in other transactions.

Comment:

Revises revenue and earnings projection for 1998

Telecommunications Equipment, Communications Equipment Manufacturing, Quebec, Telecommunications systems, SR Telecom Inc., Article

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Open Text posts record profit, revenue for quarter and year

Article Abstract:

OpenText Corp, a Waterloo, Ontario-based software maker, posted a record profit of US$6.3 million or 24 cents a share on revenue of C$29.4 million in the fourth quarter ended Jun 30, 1999. Its fourth quarter results mark the 14th straight quarter that the company posted record revenue. OpenText, which earned C$17.5 million or 74 cents on revenue of C$92.5 million for the fiscal year, also achieved a rare feat because its annualized revenue now surpasses the C$100-million mark.

Ontario, OpenText Corp.

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Private TV industry's profit climbs 4 percent

Article Abstract:

The private television industry in Canada is experiencing 4 percent increase in its profits, i.e. $242.2 millions. The revenues of CTV contributed more to this increase in profits.

Canada, Television Broadcasting, Sales & consumption, Television broadcasting stations, Television broadcasting industry, Company sales and earnings, Company earnings/profit, Industry sales and revenue, CTV

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