AML GETS MICROWAVE POWER INC.Byline: Gregory J. Wilcox Staff Writer CAMARILLO Camarillo (kă'mərē`yō), city (1990 pop. 52,303), Ventura co., S Calif.; inc. 1964. It is the center of a fertile farm area where citrus fruits and flowers are grown. - Electronics equipment maker AML AML - A Manufacturing Language Communications Inc. said Monday it will acquire Santa Clara-based Microwave Power Inc. in a stock-for-stock transaction. Camarillo-based AML said that it will issue 2.1 million shares to fund the deal with privately held MPI MPI - Message Passing Interface . AML's stock closed Monday at $1.67, up 9 cents or 5.7 percent. MPI designs, manufactures and markets high-power microwave amplifiers. AML Communications makes amplifiers and related products for the defense and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. markets. The deal was announced in a press release and company representatives could not be reached for comment. AML called the deal a strategic alignment. The company's sales totaled $4.5 million in fiscal 2003, an annual increase of 23.5 percent. The company's financials improved in the third quarter, its most recent. AML earned $356,000, or five cents a share, up from a loss of $200,000, 3 cents a share, in the year ago period. Sales increased to $2 million from $1.3 million. Defense-related sales jumped 65 percent from a year earlier. ``AML Communications wants to pump up the volume, and its sales, with its amplifiers for wireless communications. The company's amplifiers give more punch to cellular phone systems, satellite communications systems In telecommunication, a communications system is a collection of individual communications networks, transmission systems, relay stations, tributary stations, and data terminal equipment (DTE) usually capable of interconnection and interoperation to form an integrated whole. , and wireless local-loop systems, which are popular in developing countries that lack extensive landlines,'' according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Hoovers, a business information service. Gregory J. Wilcox, (818) 713-3743greg.wilcox(at)dailynews.com |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion