hmmm you have insiders buying, and company itself buying back shares, and news release like the below coming out, and to top it all off they are moving to the naz. this month. plus the chart looks great, hmmmmm
Aeroflex Incorporated Announces Additional Fiber Optic Product Orders Valued At Approximately $5.2 Million
Applications for Advanced OC-192 Fiber Optic Products
PLAINVIEW, N.Y.--(BUSINESS WIRE)--March 2, 2000--Aeroflex Incorporated (NYSE Symbol: ARX), announced today that its Microelectronics Group has been awarded additional contracts totaling approximately $5.2 million from two of the leading Fiber Optic Systems Manufacturers. These products are expected to be delivered within the next 12 months.
"This is a reaffirmation of both our enabling technology and the rapid growth of the fiber optics marketplace. These new contracts are in addition to the $6.7 million of fiber optic contracts announced just 16 days ago, and is further evidence of the growing demand for advanced OC-192 10G Bit fiber optic products. We are especially pleased that a significant portion of these contracts is for value added assemblies in addition to thin film interconnects." said Len Borow, Executive Vice President/COO for Aeroflex Incorporated.
Aeroflex Incorporated, through its subsidiaries, utilizes advanced technologies to provide state-of-the-art microelectronic module, integrated circuit, interconnect and testing solutions used in communication applications for commercial and defense markets. It also designs and manufactures motion control systems and shock and vibration isolation systems used for commercial, industrial and defense applications.
All statements other than statements of historical fact included in this press release regarding Aeroflex's financial position, business strategy and plans and objectives of its management for future operations are forward-looking statements. When used in this press release, words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to Aeroflex or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of Aeroflex's management, as well as assumptions made by and information currently available to its management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to, competitive factors and pricing pressures, changes in legal and regulatory requirements, technological change or difficulties, product development risks, commercialization difficulties and general economic conditions. Such statements reflect our current views with respect to the future and are subject to these and other risks, uncertainties and assumptions relating to Aeroflex's operations, results of operations, growth strategy and liquidity. |
