Quite a day here...vol 5.77m...top tick 5 3/4. Now, from low of day...1 9/16 to top tick for day of 5 3/4 this stock was up 4 3/16. On about 1 1/2 x outstanding shares. Close at 3 15/16 was up 2 7/16 for the day. Following is today's press release.
Granted I did say you should start looking at this company a couple of weeks ago when the stock was at 1.31 x 1.44:
To: Madeleine Harrison (114 )
From: GARY P GROBBEL
Monday, Aug 30 1999 10:29AM ET
Reply # of 120
I have been watching NOIZ for years now and vowed not to step back in until I saw
real growth...it is evident to me now that the ceo is focused on growing revenue and net
inc...I think it's time to take a good look at NOIZ again. They seem to be on a faster
track...finally.
Trading at 1 5/16 by 1 7/16 on nasdaq.
gpg
Also it is a given that I am a legend in my own mind. But still...even I am not this good.
Tomorrow should be interesting.
gpg
Micronetics Receives Multiple Orders to Supply
Proprietary MicroCal Products
HUDSON, N.H.--(BUSINESS WIRE)-- Sept. 13, 1999--Micronetics Wireless, Inc. (NASDAQ: NOIZ - news) announced
today that it has received initial and follow-on orders to supply low cost 3.5 GHz surface mount switches and attenuators which
will be incorporated into a calibration module within a Wireless Local Loop (WLL) system. Because the calibration module is
integrated directly within the system, specialized technicians will no longer be required to perform this function during subscriber
unit installation. Deliveries have already begun and multi-year shipments are expected.
These orders arise out of Micronetics' proprietary, patented MicroCal product line. MicroCal products enable a
communication system manufacturer to self-test its system. One application for this is enabling a WLL system operator to add
subscribers without the need to send an installer to the residence of the WLL subscriber; thus reducing cost and enabling the
WLL system operator to speed up its WLL system roll-out.
Dave Robbins, Senior Vice President, stated, ''I am extremely excited by the acceptance of our MicroCal product to simplify
installation for WLL system operators. Our goal at Micronetics was to develop technology to simplify and improve the
economics for our customers. The more systems a WLL system operator rolls out, the better it will be for us.''
Based in Hudson, NH, Micronetics Wireless designs, manufactures and markets noise-based test equipment and components
used in the design, testing and manufacturing of cellular, PCS, wireless local loop and satellite equipment through its
Micronetics/Equipment Group, and manufactures microwave components and subassemblies primarily used in radar, electronic
counter-intelligence, wireless communications and electronic simulation applications through its Micronetics/Components
Group. Micronetics acquired Microwave & Video Systems, Inc. of Danbury, CT, Vectronics Microwave Corporation of
Middlesex, NJ and the voltage controlled oscillator product line of Delcom, Inc. of Salem, NH, earlier this year.
Statements in this press release contain forward-looking material. Actual results may vary due to a number of risks and
uncertainties and should be viewed in conjunction with Micronetics Annual Report for its fiscal year ended March 31, 1999.
Contact:
Micronetics Wireless, Inc.
Richard S. Kalin, (212) 239-8900 Ext. 22
rkalin@micronetics.com
gpg |
