| | Business Summary | | Tal
Wireless
Networks,
Inc.
is
engaged
in
providing,
through
local
affiliates,
wireless
data
communications
services
to
customers
in
developing
economies.
On
October
6,
1997,
the
Registrant
filed
a
voluntary
petition
for
protection
under
Chapter
11
of
the
Federal
Bankruptcy
Laws
in
the
United
States
Bankruptcy
Court,
Northern
District
of
California,
San
Jose
Division
pursuant
to
which
the
Registrant's
existing
directors
will
continue
in
possession
but
subject
to
the
supervision
and
orders
of
the
Bankruptcy
Court.
The
Company
plans
to
liquidate
assets
and
review
the
claims
of
its
various
creditors.
It
is
unclear
at
this
time
whether
there
will
be
any
funds
available
for
distribution
to
shareholders.
Once
this
information
has
been
determined,
the
Company
may
file
a
Plan
of
Reorganization
with
the
Bankruptcy
Court. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Tal
Wireless
Networks,
Inc.
is
engaged
in
providing,
through
local
affiliates,
wireless
data
communications
services
to
customers
in
developing
economies.
For
the
nine
months
ended
3/31/97,
revenues
rose
21%
to
$406
thousand.
Net
loss
totalled
$9.8
million,
up
from
$2.8
million.
Revenues
reflect
increased
sales
of
wireless
network
hardware.
Higher
loss
reflects
higher
costs
related
to
the
development
of
wireless
networks
in
the
Company's
operating
locations
and
personnel
additions. | | More
from
Market Guide: Significant
Developments |
| | Officers | |
| Position | | Richard Redett | Chairman,
CFO, Chief Accounting Officer | | John Vargo | Pres,
CEO |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
