Andrew Corporation Revises Product Group Structure.ORLAND PARK Or·land Park A village of northeast Illinois, a residential and manufacturing suburb of Chicago. Population: 53,300. , Ill. -- Andrew Corporation Andrew Corporation is an American multinational producer of communications devices. Andrew is a global designer, manufacturer, and supplier of communications equipment, services, and systems. , a global 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. equipment supplier, has created a product group focused entirely on satellite communications, while combining antennas and cable products into a single organization. Paul Cox, former president, Antenna Group, will serve as president, Satellite Communications Group. John DeSana, former president, Cable Products Group, will serve as president of the newly-combined Antenna and Cable Products Group. "We are strengthening our commitment to the specific needs of our customers around the world, while providing increased focus to a rapidly growing market opportunity for satellite communications infrastructure," said Ralph Faison, president and chief executive officer, Andrew Corporation. "These changes will provide a direct and responsive decision-making process across each product group that is consistent with the end-market application." In his new role with satellite communications, Cox will oversee a product group that has annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. sales of approximately $175 million and an addressable Reachable. When something is addressable, it can be identified and manipulated independently of its surroundings. For example, screen pixels and RAM memory are addressable. Each of the screen's picture elements can be individually turned on and off, and each of the memory's bytes can be market that exceeds $1 billion. Its products include consumer DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. (direct broadcast satellite), professional VSAT (Very Small Aperture satellite Terminal) A small earth station for satellite transmission that handles up to 56 Kbits/sec of digital transmission. VSATs that handle the T1 data rate (up to 1.544 Mbits/sec) are called "TSATs. (very small aperture terminal (communications) Very Small Aperture Terminal - (VSAT) A kind of ground station used to contact a communications satellite such as INMARSAT. ), earth station satellite, and systems for various government and military applications. Cox joined Andrew in September 2000 as vice president, Satellite Products/Systems and Government Antennas, after 16 years of service with the space and technology group of EMS Technologies, Inc. He was named president, Antenna Group, in February 2001. The Antenna and Cable Products Group under DeSana's leadership has annualized sales of approximately $800 million. Its products, primarily sold direct to operators worldwide, consist of the entire former Cable Products Group, and the wireless infrastructure and terrestrial microwave divisions of the former Antenna Product Group. DeSana joined Andrew in March 1991 as operations manager See datacenter manager. , Cable Products, and has served as a product group president since November 1998. About Andrew Andrew Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ANDW) designs, manufactures and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and original equipment manufacturers from facilities in 33 countries. Andrew (www.andrew.com), headquartered in Orland Park, IL, is an S&P 500 company founded in 1937. Forward Looking Statements Some of the statements in this news release are forward looking statements and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include the company's ability to integrate acquisitions and to realize the anticipated synergies and cost savings, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, the company's ability to achieve the cost savings anticipated from cost reduction programs, fluctuations in international exchange rates, the timing of cash payments and receipts, end use demands for wireless communication services, the loss of one or more significant customers, and other business factors. Investors should also review other risks and uncertainties discussed in company documents filed with the Securities and Exchange Commission. |
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