Replies to post #156845 on Value Microcaps Motherboard

[southacresdave]

Nelson.....I know. I need to find out from the CFO how much revenue actually came through from Japan. Last Q it was $600K. I think the CEO did a horrible job of even explaining the problem until Brian Swift came back on and wanted clarification. If they really got $400K or so from Japan for part of the quarter then it indicates weakness somewhere else that I need to figure out. I will know later this morning and will report.

[southacresdave]

SCKT...Nelson----Asia numbers from CFO that I received:

"We will be reporting Asia-Pacific sales in Q3 of $142,000 compared to Asia-Pacific Sales in Q2 of $597,804. Japan is typically the largest country in those totals, but others include Australia, New Zealand, and Singapore. You can see the effect in Q3 of cutting off Japan for the full quarter, now corrected. We have been receiving orders from and shipping products to our new distributor since early October."

They lost Japan for the whole quarter obviously. Toss in the $300K that wasn't repeated from the OEM buyer (which should come back at some level in 4th Q and continue forward). There are problems with weakness in the Somo and I don't like the affect Apple has on the month of Sept every year, but the long term story isn't dead. It's frustrating though.