SANTA BARBARA, Calif.-Somera Communications Inc. said it had a net loss of $4.1 million, or 8 cents per share, compared with the prior quarter when it had a net loss of $29.2 million, or 59 cents per share.
Its revenues also fell to $28.4 million as against $34 million in its previous quarter.
“Our revenue shortfall in the first quarter was primarily attributable to national wireless operators in North America releasing 2004 capital budgets slower than expected and operational issues in the EMEA region,” said Steve Cordial, acting president, chief executive officer and chief financial officer.
The company has appointed a new CEO in David Heard, who was recently president and general manager, networks switching division of Tekelec Inc. He will assume office in May.
