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JACO markets and distributes passive and active electronic components to manufacturers. JACO products include semiconductors, capacitors, resistors, electro-mechanical devices and computers. For the six months ended 12/98, net sales decreased 11% to $68.2 million. Net loss totalled $310 thousand vs. income of $861 thousand. Results reflect continued industry-wide pressures on pricing, softening demand for electronic components and increased interest expense. For the 3 months ended 03/31/1999, revenues were 36,188; after tax earnings were 71. (preliminary; reported in thousands of dollars) Market Capitalization $12.8M Shares Outstanding 3.65M Float 1.00M Homepage for JACO jacoelectronics.com JACO Electronics, Inc. is a worldwide distributor of electronic components and computer peripherals certified to ISO 9002. In business for over 35 years, we distribute over 60,000 stock items, including semiconductors, capacitors, resistors, electro mechanical devices, computers and computer subsystems, which are used in the manufacture and assembly of electronic products. The Company also provides a variety of value-added services including configuring complete computer systems to customers' specifications, kitting the component requirements of certain customers, providing technical assistance through its Field Applications Engineering Program, and furnishing contract manufacturing services. Our core customer base consists primarily of small and medium sized OEMs that produce electronic equipment used in a wide variety of industries, including manufacturers of telecommunications, computer, computer related, medical and aerospace equipment as well as Fortune 500 companies. JACO is a service oriented company, built on strong customer and supplier relationships. Our inventory management and information systems assist our customers in controlling materials costs, in reducing cycle times and in keeping pace with rapidly occurring technological developments. The Jaco Electronics Technology Group maintains a complete staff of Field Applications Engineers located throughout the continental United States. The primary responsibility of these FAEs is to support Jaco's customers with their circuit designs and technical support needs. Every Jaco FAE is factory trained, qualified and certified by the manufacturers technical staff on their product lines. All Jaco FAEs are degreed Electronics Engineers with an average of more than five (5) years of design experience. They produce application notes and technical papers as well as give high level technical presentations and in-plant demonstrations of leading edge state of the art products. A number of them have advanced degrees and also have taught engineering subjects in US colleges and universities. JACO Electronics and its Nexus' manufacturing facility has earned ISO 9002 certification. The ISO is a Geneva-based organization dedicated to the development of worldwide standards for quality management guidelines and quality assurance. Nexus' receipt of ISO 9002 certification demonstrates that Nexas' manufacturing operations meet established world standards. We believe our customers increasingly require their manufacturers to be ISO 9002-certified for purposes of quality assurance. | ||||||||||||||
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