Network Technology - Trading Statement
October 12 1998 - 11:52AM
UK Regulatory
RNS No 2432q
NETWORK TECHNOLOGY PLC
12th October 1998
Network Technology
Fourth Quarter Trading Update
12th October 1998
Network Technology PLC ("Network"), the network connectivity
and software specialist, has today announced a trading
statement in respect of its fourth quarter ended 30th
September 1998.
Commenting on current trading conditions Klaus Bollmann, Chief
Executive said, "Since our third quarter trading statement, we
have continued to see further evidence of a slow down in
demand for our printserver products, particularly as a result
of de-stocking in the Far East, our largest market. Although
these customers supply the global marketplace, they are
undoubtedly being affected by the economic uncertainty that
continues to be evident in the Far East."
"We have continued to trade profitably throughout the second
half, however, the continued uncertainty has had a slightly
greater effect on our anticipated fourth quarter sales of
printservers. Although our financial year is only just
complete, early indications are that the results for the full
year will fall short of current market expectations."
"Despite the difficulties in some of our markets, we continue
to maintain our investment in research and development in
order to broaden and strengthen our product range. We have a
successful record in bringing innovative new products to the
market and gaining a significant market share."
"We are optimistic about the prospects for our new products,
which include data storage devices and network printing and
management software. We remain confident that we can
establish a strong market presence in their respective markets
which will enable us to reduce our dependence upon the
computer hardware printing market. I hope to be able to
report further progress in these areas when we announce our
preliminary results in November."
For further information:
Klaus Bollmann Lulu Bridges
Paul Cottrell Tavistock Communications
Network Technology PLC Tel: 0171 600 2288
Tel: 01444 870408
END
TSTELFFFVBKXFKK
Network Technology (LSE:NTY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Network Technology (LSE:NTY)
Historical Stock Chart
From Jul 2023 to Jul 2024