Hypercom reported second quarter operating income of $3.3 million compared to 2Q/01’s operating loss of $2.1 million. The company also announced this morning that President and CEO Christopher Alexander has been elected Chairman of the Board to succeed George Wallner, the company’s founder and chief strategist. Net revenues for second quarter of $75.1 million were unchanged from the prior year and slightly under previous guidance. The revenue shortfall was primarily due to a timing issue in product delivery, and further, a currency translation charge due to the devaluation of the Brazilian real and Argentine peso. Net income for the second quarter was $380,000 compared to last year’s net loss of $5.8 million. By business unit, the core point-of-sale and network systems business achieved an operating profit of $5.5 million for the first six months of 2002, versus a prior year operating loss of $6.3 million for the same period. During the quarter, the company began shipping its new “ICE 5500Plus” and “ICE 5700Plus” terminals that incorporate Hypercom’s new “SureLoad” clamshell printing technology. For complete details on Hypercom’s 2Q/02 results visit CardData ([www.carddata.com]).