Computer systems developer/direct marketer Elcom International, Inc., expects to report an operating loss in the fourth quarter totaling approximately $7.5 million.
The firm also anticipates posting sales of approximately $185 million during the fourth quarter, down approximately 5% from the third quarter and “substantially less than the Company’s fourth quarter plan.”
Professional services revenues, not including Elcom Systems, will reach approximately $10 million in the fourth quarter of 1998 versus $9 million in the third quarter of 1998 and $7 million in the fourth quarter of 1997.
The firm attributed its projected sales performance to “overall economic conditions in the corporate marketplace.”
The company also announced the creation of elcom.com, a new wholly-owned Internet sales and technology subsidiary.
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