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Short: Crosscom Q3 below expectations

CrossCom announced that its revenue, approximately $10.8 million, would be below expectations for the third quarter ending September 30, reflecting lower North American sales. The company also announced a new business unit, the Enterprise Products Division, to provide customers with ATM high-speed backbone connectivity using its CrossLAN Exchange, designed to provide high-speed access to high-capacity servers.

CrossCom announced that its revenue, approximately $10.8 million, would be below expectations for the third quarter ending September 30, reflecting lower North American sales. The company also announced a new business unit, the Enterprise Products Division, to provide customers with ATM high-speed backbone connectivity using its CrossLAN Exchange, designed to provide high-speed access to high-capacity servers.