Ariel Comments on Outlook for Second Quarter; Results to be Below Expectations

PR Newswire | June 11, 1998 | Copyright

CRANBURY, N.J., June 11 /PRNewswire/ -- Ariel Corp. (Nasdaq: ADSP) today said that its second quarter sales will be lower than previously expected.

Brian Hoerl, Ariel's Chief Operating Officer and President, reported that the shortfall is primarily associated with orders that have been rescheduled by its major OEM customers.

"Ariel has recently received some significant push-outs from the current quarter to subsequent quarters," said Mr. Hoerl. "While the emerging Open Systems Remote Access market was given a boost by Compaq's introduction of NT-based ...

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