TELCO SYSTEMS INC &lt;TELC.O> 3RD QTR MAY 31 LOSS
  Shr loss 46 cts vs loss five cts
      Net loss 3,922,000 vs loss 420,000
      Sales 16.0 mln vs 23.9 mln
      Avg shrs 8,567,000 vs 8,458,000
      Nine mths
      Shr loss 1.02 dlrs vs profit 35 cts
      Net loss 8,685,000 vs profit 2,978,000
      Avg shrs 8,547,000 vs 8,437,000
  

