HOUSTON-Eagle Wireless International Inc. reported sales for the year ended Aug. 31, 1998,
and first quarter of fiscal 1999 ended Nov. 30, of $4.8 million and $931,000, respectively. Both were increases over the
$4 million reported for 1997 and the $558,000 reported for first quarter 1998.
The company’s 1998 net income was
$770,968, or 6 cents per share, compared with $728,494, or 4 cents per share, reported the previous year. Eagle’s net
income for the first quarter was $96,000, or 1 cent per share, compared with $17,000, or 0 cents per share, reported for
first quarter 1998.
In an effort to remain in line with its “two-fold strategy to leverage our presence in the
wireless industry and diversify the Eagle product and service offering with non-paging infrastructure products,”
Eagle announced it signed a $1.4 million agreement with Compaq Computer to provide research and development
support to Compaq’s Advanced Engineering Group through the second calendar quarter of 2000.
Eagle also said it
signed a letter of intent with Nikko Japan Co. Ltd. to form a strategic alliance to develop and distribute wireless
personal communications devices. Under the agreement, Link-Two Communications Inc., an Eagle customer, will
retail the jointly developed wireless personal communications devices in 21 U.S. cities starting in the first quarter and
to more than 50 cities nationwide within the next two years.
“This partnership will also help Link-Two with
its expansion into the utility meter reading, security monitoring, vehicle tracking and remote industrial control
markets,” said Graham Williams, president of Link-Two.
