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Gemplus reports $17.8M operating loss

PARIS-Smart card maker Gemplus said it suffered an operating loss of $17.8 million in its fourth-quarter report, before restructuring costs.

The company said its full-year revenue was $101.6 million on sales of $845.5 million. The card maker attributes the poor result to the market slowdown, weak demand among Asian telecom companies and price pressures.

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