LINCOLN, R.I. — Pen maker A.T. Cross Co. said today it could take a second quarter loss of $6 million related to investments it made in technology.
The company said it expects to take a pre-tax of loss of up to $6 million, or 25 cents per share, as a result of investments in Digital Convergence Corporation (DCCI) and NeoMedia Technologies, Inc. In a statement released by the A.T. Cross, David G. Whalen, the company’s president and CEO, said the company viewed the declining value of its investments in DCCI as “less than temporary.”
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Whalen went on to say that products A.T. Cross produced for use with the DCCI system may be used with alternative applications and systems linking print to the Internet, and that his company plans to explore such alternatives for future products.
