Business Summary

HDTV develops, designs, manufactures and markets miniature high-resolution active matrix liquid crystal displays for computer, video, and other applications. For the three months ended 3/31/99, revenues totalled $32 thousand, up from $0. Net loss decreased 7% to $918 thousand. Revenues reflect the sales of developer kits. Lower loss reflects improved gross margins and lower research and development expenses due to a decrease in bonus expense, materials and supplies.