READING, Pa.-Salient 3 Communications Inc., formerly Gilbert Associates, said it is unlikely the company will achieve previously provided estimates of earnings per share of 5 cents to 10 cents per share for the second quarter ending July 4.
“Our SAFCO subsidiary is continuing to experience delays in the development of certain new products on which its 1997 performance was somewhat dependent,” said Timothy Cobb, chairman, president and chief executive officer of Salient 3. “We remain hopeful that many of those products will be ready by the beginning of the third quarter and that our Wireless Group in total can complete 1997 reasonably close to expectations.”
