Wednesday July 23, 1:00 am ET ISSY-LES-MOULINEAUX, France--(BUSINESS WIRE)--Regulatory News: Wavecom S.A. (Paris: ) today announced financial results for its second quarter 2008 ending June 30, 2008. Ron Black, Wavecom Chief Executive Officer, commented: “Our business continues to be confronted by an uncertain economy, particularly in the US where some markets slowed considerably last quarter. At the same time, while our volumes were strong, the product-mix is transitioning from high-priced/low-margin to low-priced/high-margin products that further impacted revenue quarter-on-quarter. Despite these factors the quarter was profitable, the gross margin as percent of sales improved and we generated cash thanks to our attention to expense control.” As announced in a press release today, Wavecom’s board of directors met on July...
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