IPC Narrows Losses for Third Quarter
VENDOR UPDATE
NEW YORK--Trading turret provider IPC Information Systems narrowed its net loss to $1 million for the third quarter of its 2003 fiscal year, compared to $5.4 million for the same quarter a year ago. IPC also expects to report earnings of $2 million to $4 million in the black for the full year, which ends Sept. 30.
The company also has a backlog of receivable orders of $85 million, which includes turrets and services, says Greg Kenepp, president and chief operating officer (COO) of IPC, a wholly
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