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Technology Stocks : Celeritek(CLTK)- earnings up 1300%

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To: gold_dust who wrote (71)4/15/1997 7:08:00 PM
From: Richard H.   of 212
 
CLTK major customer P-Com in the news today...

Tuesday April 15 11:23 AM EDT
P Com Inc jumps on TELCEL pact

CAMPBELL, Calif., April 15 (Reuter) - Shares of P-COM Inc rose about 15
percent after it said it signed an agreement valued at $4 million to
supply digital microwave radios to TELCEL, a unit of Telefonos de Mexico
SA de CV .
P-COM rose 4-1/8 to 31-5/8.
Although the total deal is valued at about $4 million, P-COM said it has
received an initial purchase order for $800,000.
P-COM said its radios will be used in TELCEL's 1997 expansion plan.
TELCEL has captured more than 50 percent of all Mexican cellular
subscribers in Mexico, P-COM said.
P-COM develops, manufactures and markets millimeter-wave radio systems
for the worldwide wireless telecommunications market.
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