COPENHAGEN, Denmark, Aug. 28, 2002 (PRIMEZONE) -- Olicom A/S today announced a net loss for the first six months of 2002 of 11.4 million Danish Kroner ("DKK"), or U.S. $1.5 million. The loss per share was DKK 0.67 or U.S. $0.09 per share. All amounts expressed in U.S. dollars are calculated at the June 30, 2002, rate of exchange between the U.S. dollar and the Danish Krone.
As of June 30, 2002, Olicom had cash, cash equivalents and restricted cash of DKK 141.1 million, or U.S. $18.9 million. Shareholders' equity at June 30, 2002, was DKK 234.7 million, or US$ 31.5 million, corresponding to DKK 13.71 per share or U.S. $1.84 per share.