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O.C. BUSINESS PLUS | ORANGE COUNTY EARNINGS

STM Wireless Inc.

August 11, 2000

The Irvine provider of communications products reported a loss of $1.1 million, or 16 cents a share, for the second quarter, compared with a profit of $368,000, or 5 cents a share, for the same period last year. Revenue declined 49% to $3.1 million. The company attributed the poorer results to its inability to ship products to customers. The problems have been corrected, STM said.

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