ActivCard reported fourth quarter revenue of $6.8 million, an 11% increase over 4Q/00. Pro forma net loss for the quarter was $6.3 million, compared to pro forma net income of $100,000. Actual net loss for the quarter was $9.8 million, compared to actual net loss of $17.9 million, in the fourth quarter of the prior year. The Company also announced a restructuring of its business, reducing its operating expense run rate by 15%, which includes a reduction in headcount of approximately 20% worldwide. The Company expects to record a one-time charge in the first quarter of 2002 in the range of $6-$9 million related to this restructuring. For complete details on ActivCard’s 4Q/01 results visit CardData ([www.carddata.com]).