Joe,
Looks like a big increase in sales here.(Lots of Oders..)
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Tuesday July 13, 12:17 pm Eastern Time
Company Press Release
White Electronic Designs Corporation Receives Orders Totalling Over $18M In Third Quarter Fiscal 1999
PHOENIX--(BUSINESS WIRE)--July 13, 1999--White Electronic Designs Corporation (Amex:WHT - news), a leading innovator in the design and manufacture of high performance semiconductor packaging and ruggedized flat panel AMLCD solutions, announced today that it has received oders for in excess of $18 million during its fiscal 1999 third quarter, which represents a 37% increase over the combined bookings of White Electronic Designs and Electronic Designs, Inc. during the same period in fiscal 1998. The Company expects these orders to be shipped over the next three to nine months.
''Our quarter to quarter growth rate for new orders continues and is currently expanding at over 10% per quarter. In addition, our backlog continues to grow,'' said Hamid Shokrgozar, President and CEO of White Electronic Designs Corporation. Shokrgozar continued, ''This improvement in bookings is the result of the successful implementation of the Company's new sales strategy and the accomplishments of our sales teams for each of our business segments. We are moving forward in our stated direction of achieving significant market share in our target markets.''
White Electronic Designs creates innovative solutions for the design and manufacture of high-density memory products, enhanced processor multi-chip modules (MCM's) and ruggedized flat panel displays; interface devices; storage and retrieval and electromechanical assemblies for OEM's in the commercial and military markets, for applications in telecommunications, data communications and aeronautical and aerospace. Headquartered in Phoenix, the Company has manufacturing facilities in Arizona, Massachusetts and Indiana.
To learn more about White Electronic Designs Corporation's business, visit its website at www.whiteedc.com.
This news release, other than the historical financial information, contains forward-looking statements. Future results of operations involve risk and uncertainties including, but not limited to the Company's ability to maintain production levels, price its products competitively and obtain new orders, trends in customer outsourcing and competition from suppliers with greater resources than those of the Company. Actual results therefore may vary materially.
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Contact:
CONTACTS: White Electronic Designs Corp.
Hamid R. Shokrgozar
602/437-1520
or
Cameron Associates
Michael Brod
212/245-8800
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More Quotes and News: White Electronic Designs Corp (AMEX:WHT - news)
Related News Categories: computers, semiconductors
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