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Technology Stocks : Celeritek (CLTK) -- Ignore unavailable to you. Want to Upgrade?

To: Rastuss who wrote (1)	8/12/1998 4:12:00 PM
From: gold_dust	Read Replies (1) \| Respond to of 3

Some news. Celeritek Announces $5.9 Million Purchase Agreement for GaAs RF ICs for Use In Dual Band PCS/Cellular Handsets PR Newswire - August 10, 1998 08:16 SANTA CLARA, Calif., Aug. 10 /PRNewswire/ -- Celeritek (Nasdaq: CLTK), a manufacturer of products for the wireless communications market, said today that it has received a $5.9 million purchase agreement from a major Japanese handset manufacturer for 4.8 volt power amplifiers. The amplifiers will be used in TDMA dual band handsets manufactured for sale in the United States. Celeritek said it expects to begin recording revenues from the 18-month agreement in the third quarter of fiscal 1999. "This agreement represents a new customer relationship for Celeritek and we are delighted to be working with a leader in the PCS/cellular handset industry," said Tamer Husseini, president and chief executive officer of Celeritek. "This agreement is a strong endorsement of Celeritek's increasing presence in the wireless market through our GaAs RF IC capabilities," he added. Celeritek, Inc., designs and manufactures GaAs RF ICs and high frequency radio products for the wireless communications market. The company's products are used worldwide by leading manufacturers of wireless communications systems. This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Actual results could differ materially from those projected in the forward-looking statements as a result of known and unknown risk factors and uncertainties. Such factors may include, but are not necessarily limited to, the timing, cancellation or delay of customer orders; the mix of products sold; changes in manufacturing capacities and variations in the utilization of this capacity; market acceptance of the company's and its customers' products; variations in manufacturing yields and other competitive factors. Reference is made to the discussion of risk factors detailed in the company's filings with the Securities and Exchange Commission, including its reports on Form 10-K and 10-Q. SOURCE Celeritek, Inc. /CONTACT: Peggy Smith, Chief Financial Officer of Celeritek, 408-986-5060; or Neal Rosen, Kalt, Rosen & Associates, 415-397-2686, for Celeritek/ (CLTK)