Ortel Reports First Quarter Results
ALHAMBRA, Calif., Sept. 3 -- Ortel Corp. has reported financial results for its first fiscal quarter ended August 1, 1999. The company says these figures reflect steps taken to focus resources on growth markets with improved profit potential.
Ortel's revenue for the quarter was $18.8 million, with a net loss of approximately $750,000, or 6 cents per share, before adjustments for discontinued businesses and previously announced special charges. Excluding related special charges of approximately $4 million, post-tax, Ortel's continuing fiber-optics business had a net loss of...Read full article
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Published: September 1999