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Technology Stocks
SMTEK International

An SI Board Since October 1998

Posts	SubjectMarks	Bans
18	3	0

Emcee: Chris Nevil	Type: Unmoderated

Introduction Compact

DDL Electronics Inc. Will Change Name to SMTEK International Inc.
Business Wire - October 07, 1998 15:12
THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Oct. 7, 1998--DDL Electronics Inc. (NYSE:DDL) Wednesday announced that its board of directors has approved a change of the company's name to SMTEK International Inc.

Required filings have been completed with the New York Stock Exchange and the State of Delaware, where the company is incorporated, and the new name will become effective at the close of business on Oct. 9, 1998.

SMTEK International shares will trade under the ticker symbol SMK on the New York and Pacific exchanges beginning Oct. 12, 1998.

According to Gregory L. Horton, president and chief executive officer, the transition to the SMTEK International name signifies a new beginning and "perpetuates a 13-year reputation of quality, design, engineering and automated production services" established by its operating subsidiary, SMTEK Inc., based in Thousand Oaks.

Horton stated: "Since coming aboard nearly three years ago, the current management team has slashed debt and strengthened the company's financial position. We've recorded six consecutive quarters of operating profits, and posted net income in five of the last six quarters.

"We've also clearly defined and focused the operating strategy. Inasmuch as a new era has been ushered in, it is entirely fitting to do so under a name that points to the future."

Horton also indicated that the company plans to develop a strong, positive image for SMTEK International, targeting audiences ranging from customers to shareholders, as well as to create a unified identity for its operating subsidiaries.

With headquarters in Thousand Oaks, DDL Electronics provides customized electronics manufacturing services (EMS) to original equipment manufacturers (OEMs) in the computer, telecommunications, instrumentation, medical, industrial and aerospace industries.

The company also fabricates multilayer printed circuit boards (PCBs) for use in the computer, communications and instrumentation industries. The company's EMS operations are in Southern California, Florida and Northern Ireland. Its PCB facilities are located in Northern Ireland.

CONTACT: DDL Electronics Inc.
Richard K. Vitelle, 805/376-9415, ext. 142
or
Foley/Freisleben LLC
Gerald S. Freisleben, 818/986-5700

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
18	Did anyone get the Proxy vote in the mail.. I did today.. vote to sell the com	Joseph F. Trombetta	-	4/23/1999
17	We're close enough to book value that one would like to think so. I guess a	Chris Nevil	-	3/29/1999
16	Has this one hit bottom?	Richard Eickelman	-	3/29/1999
15	I really think that the settling at 9/16 x 5/8 is only temporary before SMK con	MIKenn	-	12/15/1998
14	Oh THREAD - WAKE UP! Finally, our large buyer / large seller stalemate appears	Chris Nevil	-	12/4/1998
13	That was a patient buyer. He waited for his price and got it. The seller cave	MIKenn	-	11/16/1998
12	Unfortunately, 155,000 just hit the bid at 1/2 within a short time, leaving a s	Chris Nevil	-	11/16/1998
11	My thoughts exactly! I've never seen anything like it. Mine shows 2000@ 1	MIKenn	-	11/16/1998
10	Ken, thread: Can anyone here ever remember seeing 200,000 shares of SMK bid fo	Chris Nevil	-	11/16/1998
9	Jolt disclosure/margins: Jolt operations were broken out separately in a table	MIKenn	-	11/12/1998
8	I did not realize Mr. Vitelle was stepping down from the board. Why would they	MIKenn	-	11/12/1998
7	Significant support at 1/2! Back up to 9/16! Oh no. . . . I'm talking	MIKenn	-	11/2/1998
6	We're back down to 15/32. So much for 20% and 3/32.	MIKenn	-	10/30/1998
5	Another penny. We are plodding along. Tick up to 1/2.	MIKenn	-	10/30/1998
4	The air is soooo thin up here. Here I stand, looking down at a precipice from	MIKenn	-	10/23/1998
3	In light of recent report about money rushing into small caps, I anticipate tha	MIKenn	-	10/23/1998
2	By the way, how is this new name pronounced? I know the company isn't the	LPasko	-	10/19/1998
1	Let's hope the new name will bring with it a new stock price. Sluggish isn	LPasko	-	10/14/1998

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