NEW YORK-TTP Communications said it suffered a pre-tax loss of between $5 million and $5.5 million for the six months to Sept. 30. In the same period last year, the company recorded a profit of $3 million.
The software and chip design company, whose shares plummeted as a result of the news, singled out SARS as one of the reasons of the dismal showing.
“It has been a difficult environment, and sales have not met our aggressive targets,” said Managing Director Tony Milbourn. “The Asian market has been sluggish, and contracts with 3G have come later than we thought.”
