Cable & Telecom

After good ’05, Look looks ahead to new mobile multimedia network

TORONTO and MONTREAL – Fixed wireless company Look Communications appears on the road to recovery and says it’s looking forward to the new year and becoming not-so-fixed with its upcoming mobile multimedia network. Look and its parent company, Unique Broadband Systems, Inc., have changed their respective year-ends to August 31 in order to standardize their financial reporting periods, so the comparisons below might look a little different than most quarterly reports. Revenues for year ended August 31, 2005 were $38 million and for last year's eight month period, revenue was $28.6 million. Gross margins remained stable at 49.5%. High speed...