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Technology Stocks : Norsat Intl (Nasdaq:NSAT)value and growth in Wireless
NSAT 11.500.0%Jul 20 5:00 PM EST

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To: Cheeky Kid who wrote (345)4/12/2000 10:15:00 AM
From: Cheeky Kid  Read Replies (2) of 397
 
NEWS

Norsat America first quarter DIRECTV unit sales

Wednesday Apr 12 2000
Mr. Derick Walker reports
Norsat America's DIRECTV unit sales for the quarter ended March 31, 2000, were as follows:

DIRECTV unit sales for the quarter increased 529 per cent to 49,631 compared with 7,893 for the first quarter of 1998. Quarter-to-quarter sales increased by 24 per cent from the 39,914 units in the fourth quarter of 1999, traditionally the strongest quarter for DIRECTV.

"Our sales for the quarter reflect the rapidly growing popularity of satellite television as an alternative to cable," said Norsat America's president, Edward A. Johnson. "I would like to commend our dealers and branch offices for the tremendous job they have done in making the DIRECTV product line so readily available across America."

Norsat America also announced that in order to better serve its dealers and to work more closely with its suppliers, the subsidiary has relocated its head office to Irvine, Calif.

WARNING: The company relies upon litigation protection for "forward-looking" statements.
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