Israel’s Nice Systems, a multimedia recording solutions developer, recorded revenues of $49.7 million and the net loss was $33.3 million for the fourth quarter of 2002. Fourth quarter results included $8.5 million in revenues and a loss of $2.2 million from TCS.
As previously indicated, the fourth quarter included several special charges including $28.3 million in respect of the recognition of the impairment of NICE goodwill related to acquisitions made prior to the fourth quarter of 2002 and $1.3 million of in-process research and development related to the acquisition of TCS.
Nice Systems is a developer of multimedia digital recording solutions, applications and related professional services for business interaction management. Nice products and solutions are used in contact centers, trading floors, air traffic control sites, CCTV security installations and government markets. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
