All American Semiconductor announces 1996 sales exceeded $244 million with fourth quarter sales at $57 million.MIAMI--(BUSINESS WIRE)--Jan. 22, 1997--All American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Semiconductor Inc. (Nasdaq:SEMI), a leading national distributor of electronic components, Wednesday announced that unaudited sales for its fourth quarter ended Dec. 31, 1996 exceeded $57 million, an increase of approximately 15% over sales of $50 million in the same period of 1995. Sales for 1s year-end audit. Bruce Bruce, Scottish royal family descended from an 11th-century Norman duke, Robert de Brus. He aided William I in his conquest of England (1066) and was given lands in England. M. Goldberg, president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of All American, stated: "Our sales increase in 1996 reflects sales from acquired companies as well as the company's continued market share improvemennted with our results through the first nine mns in the industry in 1997." The company expects to take a non-cash, non-recurring charge in the fourth quarter of approximately $625,000 as a result of accelerating an existing accrual accrual, n continually recurring short-term liabilities. Examples are accrued wages, taxes, and interest. schedule in connection with the post-retiremion package. To the extent that this presmpany's future (such as those in paragraph three above), the statements are forward looking and are subject to a number of risks and uncertainties that could cause actu not price protected, gross profit margins Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold. gross profit margin A measure calculated by dividing gross profit by net sales. , availability of financing, growth of the electronics industry and the other risks and factors detailed in the company's reports on Forms 10-K and Forms 10-Q. All American is ranked as the nation's eighth largest distributor of semic5/621-8282, ext. 1417 KEYWORD: FLORIDA INDUSTRY KEYWORD: COMED ComEd Commonwealth Edison COMED Combined Map and Electronic Display COMPUTERS/ELECTRONICS EARNINGS |
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