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

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To: Robert Talty who wrote (30)1/22/1997 1:28:00 PM
From: Robert Walter   of 212
 
Robert & All:

I hope you took your advise and used your reading of the last 10Q report to buy in. Here is a press release that is a must read. I'll leave a preview and a link.

Tuesday January 21 5:53 PM EDT

Ericsson Selects Celeritek for Gallium Arsenide Semiconductor Based
MMIC Power Amplifier

SANTA CLARA, Calif., Jan. 21 /PRNewswire/ -- Celeritek Inc , has been awarded initial production orders for CMM1333 power amplifiers from Ericsson. Celeritek expects to ship these orders by June of 1997.

The CMM1333 is used in both the handset and base station of an Ericsson wireless PCS product.

"The award reflects Celeritek's technology strength in GaAs (Gallium Arsenide) semiconductor power amplifier MMICs for wireless applications and our growing relationships with industry leaders such as Ericsson. These are significant design wins for the company as they demonstrate the results of our focused application of the technology to the specific requirements of this fast growing wireless market. We are excited that our Triniti DX(TM) power amplifier technology, of which the CMM1333 is a member, can win at companies like Ericsson," commented Tamer Husseini, president of Celeritek.

biz.yahoo.com
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