COPENHAGEN, Denmark, Oct. 23, 2002 (PRIMEZONE) -- Olicom A/S (Pink Sheets:OLCMF) today announced a net loss for the quarter of 6.9 million Danish kroner ("DKK"), or US$0.9 million. The loss per share was DKK 0.41, or US$0.05 per share. For the first nine months of 2002 the Company reported a net loss of DKK 18.3 million, or US$2.43 million. The loss per share during this period was DKK 1.07, or US$0.14. All amounts expressed in dollar are calculated at the September 30, 2002, rate of exchange between the US dollar and the Danish krone.
As of September 30, 2002, Olicom had cash and restricted cash of DKK 112.4 million, or US$14.9 million. Shareholders' equity was DKK 226.2 million, or US$30.0 million, at the end of September 2002, corresponding to DKK 13.34 per share, or US$1.77 per share.
Contact Information: Boje Rinhart, CEO Olicom A/S 45 (45) 27 00 00 bri@olicom.com
To view this release, with full financial tables, please click on the following link: http://reports.huginonline.com/878356/109191.pdf