To all, we kicked some Satellite Wireless Ass!
Thursday June 10, 4:15 pm Eastern Time
Company Press Release
SOURCE: California Amplifier, Inc.
California Amplifier Reports Fiscal 2000 First Quarter Results
Sales Increase 45% Over Prior Year Quarter and 29% Sequentially
CAMARILLO, Calif., June 10 /PRNewswire/ -- California Amplifier, Inc. (Nasdaq: CAMP - news) today reported results for its first quarter ended May 29, 1999. Sales for the quarter increased 45% to $13,093,000, from $9,060,000 for the first quarter of the prior year. The first quarter net income was $358,000, or $0.03 per share, compared to net loss of $485,000, or $0.04 per share, for the first quarter ended May 30, 1998. These results also compare to sales for the preceding fourth quarter of $10,077,000, and net income per share of $0.01.
Fred Sturm, Chief Executive Officer commented, ''We are pleased to report that we achieved sequential growth of 29% in sales and 260% in net income in the first quarter. The sales increase was due primarily to satellite product sales which include the Company's integration of Gardiner Communication's U.S. DBS product lines acquired on April 20, 1999. We continue to see opportunities in the satellite marketplace and expect this to be key to the sales growth in the current fiscal year. In addition, we are encouraged by the recently announced investments by Sprint and MCI WorldCom in domestic wireless cable operators and look forward to capitalizing on opportunities generated for wireless products as the MMDS industry begins its rollout of two way wireless high-speed Internet access and telephony services to consumers.''
Great quarter everyone! Wow, wait until the MMDS buyouts are complete and Sprint starts purchasing millions of dollars of MMDS 2-way sectorized equipment!
Hiram |
