COPENHAGEN, Denmark, Oct. 22, 2003 (PRIMEZONE) -- Olicom A/S (Pink Sheets:OLCMF) today announced a net loss for the quarter of 1.1 million Danish kroner ("DKK"), or US$ 0.2 million. The loss per share was DKK 0.07, or US$ 0.01 per share. For the first 9 months of the year the net loss was DKK 5.6 million, or US$ 0.9 million, and the loss per share was DKK 0.33, or US$ 0.05 per share. All amounts expressed in dollar are calculated at the September 30, 2003, rate of exchange between the US dollar and the Danish krone.
As of September 30, 2003, Olicom had cash of DKK 51.5 million, or US$ 8.1 million. Shareholders' equity was DKK 222.2 million, or US$ 34.9 million at the end of September 2003, corresponding to DKK 13.12 per share, or US$ 2.06 per share.
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