SECURITIES AND EXCHANGE COMMISSION
Washington, D.C., 20549
Form 10-QSB/A
Amendment No. 1
QUARTERLYREPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 1998.
Commission file number 0-25680
WAVERIDER COMMUNICATIONS INC.
(Exact name of small business issuer as specified in its charter)
NEVADA 33-0264030
(State or other jurisdiction of (IRS Employer Identification Number)
incorporation or organization)
235 Yorkland Blvd., Suite 1101, Toronto, Ontario M2J 4Y8
(Address of principal executive offices and Zip (Postal) Code)
(416) 502-3200
(Issuer's telephone number)
(Former name, former address and former fiscal year,
if changed since last report)
Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirement for the past 90 days.
Yes __X__; No _____
Applicable only to corporate issuers:
State the number of shares outstanding of each of the issuer's classes of common
equity, as of the latest practicable date: October 29, 1998 - 40,154,221 Common
shares, $.001 par value.
Transitional Small Business Disclosure Format: (check one):
Yes _____; No __X__
<PAGE>
PART I. FINANCIAL INFORMATION
ITEM 2.
Management's Discussion and Analysis or Plan of Operation.
Year 2000 Readiness Disclosure
As a development stage Company, WaveRider has specifically designed and
developed its products not to utilize the two digit format in the "year" data
code field and has considered this issue in procuring outside software and
hardware.
The Company intends to establish a Year 2000 Committee in the last quarter
of 1998 to evaluate mission critical software and hardware. Data will be
gathered and reviewed from software and hardware vendors and testing performed
in an effort to confirm Year 2000 compliance. To date the Company has not spent
any monies specifically to make our application software, operating systems and
computer hardware Year 2000 compliant and does not believe that any future costs
to achieve compliance will have a material impact on the Company's results of
operations. To extent that the Company is unable to assess and correct Year 2000
problems arising from its software and hardware vendors, problems embedded in
their products could have a material adverse effect on the Company.
Signatures:
In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized,
WaveRider Communications Inc.
Date: January 15, 1999 /s/ D. Bruce Sinclair
-------------------------------
D. Bruce Sinclair
President and Chief Executive Officer
/s/ T. Scott Worthington
-------------------------------
T. Scott Worthington
Chief Financial Officer.
2
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(Replace this text with legend, if applicable)
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<CIK> 0000844053
<NAME> WaveRider, Inc.
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<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JUL-01-1998
<PERIOD-END> SEP-30-1998
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0
800
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