Oberthur Card Systems reported third quarter revenue of 103.3 million euros, 7% decline from 3Q/01. Oberthur says the slowdown in smart cards reversed itself during the third quarter as the company experienced a 13.6% increase over second quarter thanks to business in France and the United Kingdom. Oberthur says sales of magnetic stripe cards have stabilized. The decline of 4.3 million euros in sales compared with 3Q/01 is mainly due to the divestment from the memory card business in the USA. Oberthur says the roll out of EMV microprocessor cards has reached a new phase in the UKwith the introduction of the PIN@POS technology that enables retailers to use microprocessor cards with a PIN code at their POS terminals. With a 58% sequential growth and the recent announcement of a 3 three-year contract with Barclaycard, Oberthur says it is in a strong position. Oberthur expects its level of sales on a full year basis to be in the range of 435 to 450 million euros. For complete details on Oberthur’s 3Q/02 performance visit CardData ([www.carddata.com]).