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Microcap & Penny Stocks : DDSI - DIGITAL DESCRIPTOR SYSTEMS -- Ignore unavailable to you. Want to Upgrade?

To: OFW who wrote (372)	10/19/1998 11:19:00 AM
From: Madeleine Harrison	Read Replies (1) \| Respond to of 878

Litton PRC does a substantial amount of business with the federal gov't...here is a bit of info on PRC's acq by Litton a couple of years back. I think it is notable that PRC will be integrating DDSI's Compu-scan technology into a system that is an on-going program PRC has with the FBI. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Litton Completes Purchase of PRC Inc. WOODLAND HILLS, CA, February 16, 1996 -- Litton Industries, Inc. has announced completion of the purchase of PRC Inc. from The Black & Decker Corporation for approximately $425 million in cash. PRC had estimated 1995 sales of approximately $720 million. Based in McLean, VA, PRC is a diversified information technology company engaged in systems management and integration. PRC designs, develops, integrates and supports computer-based information systems and re-engineers business processes for U.S. government departments, commercial customers and state and local governments. Litton Chairman and Chief Executive Officer John M. Leonis said, "PRC is a major supplier of information technology products and services to growing government markets. The combination of our businesses will strengthen Litton's ability to provide more comprehensive service to our command, control and communications (C3) systems customers, while expanding the capabilities of our other defense electronics businesses. PRC will operate as a unit of our C3 group." Litton has offered employment to virtually all of PRC's approximately 5,600 employees in Virginia and facilities across the U.S. Litton is a leader in worldwide technology markets for advanced electronic and defense systems, and a major designer and builder of surface combatant ships for the U.S. Navy and allied nations.