NEW YORK-The advent of personal communications services at home and alternative international long-distance services are driving record net revenue growth for switch manufacturer Summa Four Inc., which released third-quarter results.
At the same time, competition in its sector has caused downward pricing pressures that are reflected in lower profit margins. Nokia Corp.’s decision to use Summa Four’s open programmable switching in its PCS-1900 system was an important contributing factor to the $11.6 million in net revenues earned in the third quarter, a 13 percent increase over the $10.3 million for the same quarter last year. But earnings per share for the quarter were 8 cents, compared with 10 cents per share the for the same period in 1995.
