California Microwave (CMIC) turnaround? Message Board

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Technology Stocks : California Microwave (CMIC) turnaround?

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To: Steven V who wrote ()	7/10/1997 8:28:00 PM
From: CYC	of 20

Steven: It has been very quiet here on the CMIC thread. The investor group that installed two directors onto CMIC's board last year is apparently working its way to influence the management of the company. The manager of that investor group (I can not recall the names of the person and the group) was interviewed by Forbes magazine in a recent issue and he put the breakup value of CMIC at $24. CMIC also calls for a special shareholder meeting on 7/21 or thereabout. The purpose of the meeting, from what I read in the proxy, is mainly to vote for increased stock options that can be issued for a new CEO. So the search is on for a new leader. Maybe they have found one? I believe CMIC is heading higher. But when and how quickly? I don't know. IMHO, the next boost will be either a positive earning outlook or the sale of two units that was announced a while ago. Good luck to all! Ching-Yao Chan

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