Any guesses as to what this announcement might entail? I'm still inclined to hold even though it fell 1.5 after this announcement. Before this announcement, it was starting on a recovery - having gained 1.5 the previous day. I still think it has meat. Any forecasts? (Datek's analysis consensus still shows a strong buy)
Sincerely
AV
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Hadco Corporation Announces the Expiration of HSR Period
PR Newswire - March 16, 1998 17:56
HDCO %CPR V%PRN P%PRN
SALEM, New Hampshire, March 16 /PRNewswire/ -- Hadco Corporation
(Nasdaq: HDCO) announced today that the Hart-Scott-Rodino Act waiting period applicable to its cash tender offer for the voting securities of Continental Circuits Corp. (Nasdaq: CCIR) expired on March 14, 1998.
Headquartered in Phoenix, AZ, Continental Circuits Corp. manufactures complex multilayer printed circuits. Markets served include original equipment manufacturers and contract assemblers in the computer, communications, instrumentation and industrial control industries.
Hadco is the largest manufacturer of advanced electronic interconnect products in North America. The Company offers a wide array of sophisticated manufacturing, engineering and systems integration services to meet its customers electronic interconnect needs. The Company's principal products are complex multilayer rigid printed circuits and backplane assemblies.
Hadco provides customers with a range of products and services that includes development, design, quick-turn prototype, pre-production, volume products, and backplane assembly. Hadco's customers are a diverse group of original equipment manufacturers and contract manufacturers in the computing (mainly workstations, servers, mainframes, storage and notebooks), data
communications/telecommunications and industrial automation industries,
including process controls, automotive, medical and instrumentation. The
Company operates ten facilities, with nine facilities in the United States and
one in Malaysia.
Except for the historical information contained in this press release
(including, net revenue, net income, and operating expectations) there may be
forward looking statements that involve risks and uncertainties. Factors that
could cause actual results to differ materially from forward looking
statements include, but are not limited to, general economic conditions,
business conditions in the electronics industry, demand for the company's
products, and other risks and uncertainties described in reports and other
documents filed by the company from time to time with the Securities and
Exchange Commission.
Hadco Corporation's press releases are available through Company News on-
Call by fax at 800-758-5804, PIN #390325, or on the Internet at
hadco.com:8080/
SOURCE Hadco Corporation
/CONTACT: Timothy P. Losik, Senior Vice President and Chief Financial
Officer of Hadco, 603-898-8000, tlosik@hadco.com/
/Company News On-Call: prnewswire.com or fax, 800-758-5804,
ext. 390325/
(HDCO) |
