Harry --
Being relatively new to the stock, I'm not familiar with their customers's buying patterns, nor ANDW's history of delivering.
From their 1998 annual report, customers by market segment are:
Wireless Infrastructure, 68%:
AT&T Wireless
Ericsson
Hutton Communications
Lucent
Motorola
Nextel
Nokia
NTT Mobile
PrimeCo
Sprint PCS
Telefonica
T-Mobile
Wireless Accessories, 7%:
Alltel
AT&T Wireless
Bell Atlantic Mobile
Ford Motor Co.
Nextel
PrimeCo
Western Wireless
Common carrier and private microwave, 14%:
Alcatel
Harris Farinon
Italtel
NEC
Nortel
P-Com
Pathnet
Siemens
Broadcast and government, 12%:
Broadcast networks--ABC, CBS, FOX, NBC, NTL
MMDS (wireless cable) operators
Radio and television stations
Defense electronics contractors
U.S. Federal Aviation Administration
>>>>
Based on these statistics, unless one of there customers is more than 10% of sales, it seems unlikely earnings could be thrown off the way PRMS was. The same could be said of their broad list of products. The annual report is well worth reading, if only to be reminded of the emerging DTV and LMDS markets.
andrew.com
The only news I can find is their June 15 announcement that they'd expanded manufacturing. Perhaps it's paying off.
newsalert.com
Pat |
