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Wavecom reports revenue decrease

PARIS-Wavecom S.A., a developer of digital Wireless Standard Modules, reported a decrease in revenue and an increase in net loss compared with the same quarter last year.

For the second quarter, Wavecom reported revenue of $10.74 million, compared with $10.75 million last year. Reported net loss increased from $3.8 million last year to $4.4 million this year.

However, loss per share was down from 35 cents last year to a loss of 33 cents per share this year.

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